At today's 1 p.m. ceremonial groundbreaking, Hoboken Mayor Dawn Zimmer, developer Lawrence Bijou and officials from joint venture partner Intercontinental Real Estate Corp. will gather at the site to kick off construction.

The new building will offer studios, one-, two- and three-bedroom apartments with designer and energy-efficient features such as bamboo flooring, oversized windows, kitchens with modern low-flow fixtures, GE Energy Star appliances, granite countertops baths with recycled porcelain tile.

The overall development is expected to be complete by fall of 2015.

Bijou has transformed a string of properties along 14th Street in uptown Hoboken into a neighborhood, using sustainable design. The LEED Gold-certified Garden Street Lofts condominium building, which was a historic conversion of the former Hostess Factory, is part of that development, as is the Garden Street Mews, a cobblestoned, tree-lined mews for pedestrians that is home to the Hoboken Family Farmer's Market.

Bijou also built Edge Lofts, a LEED Platinum building that was the first Hoboken residential development to achieve that certification; and Park Place, a mixed-use building with 212 rentals, 13,000 square feet of retail, 32,000 square feet of educational space and a six-level automated parking garage.

Park Place was designed with a vegetated terrace to reduce storm water runoff, a CHP (combined heat and power) module that produces hot water and electricity using a single natural gas fuel source, twelve charging bays for electric cars and spaces for more than 100 bicycles.

900 Monroe Street is to share all of the sustainable and modern features of Park Place.