HOBOKEN, NJ—Toll Brothers gave Transwestern the nod to provide leasing services for 125,000 square feet of planned office space at 1000 Maxwell Lane, the final building located in Toll Brothers' heralded mixed-use development at historic Maxwell Place. Transwestern's Matt McDonough, managing director, is leasing the property.
Toll Brothers City Living will break ground this summer on the 12-story building being developed at the intersection of 11th Street and Maxwell Lane in uptown Hoboken. Maxwell Place includes three luxury residential towers totaling 755 units, a waterfront park, and diverse retail – all with views of the Manhattan skyline. The project takes the next step in its evolution into a true live/work/play enclave with the addition of 1000 Maxwell Lane, which will include additional street-level retail, seven stories of state-of-the-art office, and five stories of condominiums.
“1000 Maxwell Lane is an innovative project in many ways,” says Henry L. Waller, vice president of Toll Brothers City Living. “In addition to being the first speculative office project during the current market cycle, the unique layout represents a fresh, thoughtful and integrated approach to meeting the distinct development needs of uptown Hoboken. Hudson County has a booming community of entrepreneurs, new ventures and TAMI tenants that has grown to the point where we need more office space with the latest technology and a vibrant lifestyle.”
Besides the project's planned high-function workspace, office tenants will benefit from a premier location in the uptown Hoboken neighborhood with direct ferry service to Manhattan. The location near Stevens Institute of Technology also gives tenants easy access to one of the premier engineering and technology leaders on the East Coast.
“With a class A office vacancy rate around 3.5 percent, the creative office space that exists in Hoboken today is highly inefficient, while the balance of the office space on the market is more corporate,” says McDonough. “With these modern and efficient workspaces at Maxwell Place, Toll Brothers City Living is creating a new opportunity to meet pent-up demand from the growing number of new innovators and existing TAMI companies on the New Jersey waterfront.”
Maxwell Place is situated adjacent to the 14th Street NY Waterway ferry terminal, approximately 1 mile from the Lincoln Tunnel entrance and Route 495, which provides access to the New Jersey Turnpike as well as Routes 3, 1 and 9. Multiple public transportation options are available in the area including the Hudson-Bergen Light Rail, PATH trains, NJ Transit lines, and NY Waterway.
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Steve Lubetkin
Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].
