Page 7 - Ironstate Development News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Hudson Reporter Hoboken council adopts revised Monarch settlement Agreement earns mixed reviews from the public × Hoboken and Ironstate Development will enter into an agreement that will prevent two 11-story towers, known as the Monarch, from being developed on the northern waterfront. After years of litigation, Hoboken and the developers of the controversial Monarch project may come to an amicable solution now that the Hoboken City Council has adopted a resolution approving a new settlement agreement. The agreement with Ironstate Development will prevent two 11-story high-ri...

Hudson County View An artist’s rendering of the Monarch project in Hoboken. By John Heinis/Hudson County View “Not only will this newly revised settlement preserve and protect our waterfront from development, it also adds almost 1.5 acres of public, open space in West Hoboken that would have otherwise been developed as a residential building,” Mayor Ravi Bhalla said in a joint statement. “This deal is a win-win-win for Hoboken: preserving our waterfront, adding open space and adding commercial retail space while revitalizing an area of downtown Hoboken.” The proposed agr...

UpdatedThu, Feb 4, 2021 at 2:47 pm ET Reply(1) The Hoboken waterfront. (Caren Lissner/Patch) HOBOKEN, NJ — Hoboken Mayor Ravi Bhalla said Tuesday that the city and Ironstate Development have agreed on a newly proposed settlement agreement that prevents two 11-story high-rise buildings from being built on Hoboken's waterfront and gives the city 1.4 acres of land for open space. In exchange, Ironstate would get to build an 11-story residential building at the site of the Municipal Garage near the city's southern border. The proposed agreement will be presented to the City Council for consider...

JLL Capital Markets announced today that it has arranged $90.5 million in financing for The Vanguard and North Independence multi-housing properties in the Shipyard neighborhood of Hoboken, New Jersey.   JLL worked on behalf of Ironstate Development to secure the $84 million, 10-year, fixed-rate loan for The Vanguard and the $6.5 million, supplemental loan for North Independence through an insurance company lender. Located at 1201 Hudson St., The Vanguard consists of 196 studio, one and two-bedroom apartments. The property also features 37,818 square feet of ground-floor commercial retail ...