Corbion signs a lease within Genesis South Tower bringing it to full capacity, and the first phase of Oyster Point's development is underway, which will include an improved Bay Trail and additional public open space.
Supply and demand are still heavily weighted in the landlord's favor and there's very little speculative construction in the pipeline, so this is likely just a temporary stall, C&W's Travis Ives tells GlobeSt.com.
“The location is considered to be the 'best of the best,' just two blocks from the PATH Station at the Hoboken Terminal,” says Brian Whitmer, Cushman & Wakefield executive director.
The first phase of the $3.5 billion, multi-year project will create a 1.3-acre community park at the corner of 30th and Market Streets to be known as Drexel Square.