HOBOKEN, NJ—Advance Realty expanded its presence in Hoboken with the acquisition of The Metropolitan, a residential and retail property at 1300 Clinton Street. Situated adjacent to Harlow, the developer's highly successful, new lifestyle-oriented apartment building, The Metropolitan comprises two parallel, five-story apartment buildings with ground-floor retail.
Advance will make significant upgrades to The Metropolitan, which was built in 2000. Connected by an elevated, landscaped courtyard, the community's two buildings feature 128 residences, an above-ground parking garage and various amenities, including a fitness center, residents' lounge, clubroom and a package concierge system.
The property is located at the gateway entrance to Hoboken, near the 14th Street Viaduct, which recently underwent a $54-million renovation to allow for continuous traffic flow. This winter, Advance sponsored the creation of the Harlow Winter Village, a City of Hoboken-operated pop-up skating rink located underneath the Viaduct — an area that, as part of the renovation, recently received a new cobblestoned streetscape with decorative sidewalks and lighting, as well as a new pocket park.
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