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Represented by GRID Real Estate, The Albanese Organization is planning on bringing 670 residential units to the 1.83-acre parcel at 286 Cole St., which had previously been included in Hoboken Brownstone Company’s redevelopment project.
Groundbreaking is set for Q1 of 2023.
"The Albanese team has designed a world-class mixed-use property that will be a welcomed addition to the Downtown/Hoboken residential market," says Bob Antonicello, of Grid Real Estate Advisors.
The rendering of the building was completed by Marchetto Higgins Stieve and features two separate high-rises: One 21 stories all, another 14, Jersey Digs reports. The rest of the project is comprised of seven, five-story sections, the real estate website says.
The building will apparently feature a pool, play area, fire pit lounge, BBQ area and more on the sixth floor, with another similar set up on the eighth floor.
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