BlueGate Arranges $162M Construction Financing for Hoboken Mixed-Use
BlueGate Partners, on behalf of Urby and Ironstate Holdings, has secured $162 million in construction financing for the development of Hoboken Urby, a mixed-use residential project in Hoboken, NJ. The BlueGate execution team included Mark DeLillo, Marc Schulder, Lee Spiegelman, Felipe Marin, Eli
Zaoutis and Jeremy Silber. PCCP provided the senior construction loan.
The 418,332-square-foot, 16-story development will feature 307 market-rate apartments and 38
affordable units, complemented by 17,425 square feet of retail space and a 152-space parking garage.
Located a few blocks from Hoboken Terminal, the property will provide direct access to PATH
service, reaching the World Trade Center in 11 minutes and 33rd Street in 16 minutes, along with
NJ Transit commuter rail and ferry service to Manhattan.
“Hoboken Urby will redefine the residential experience in Hoboken, blending innovative design,
high-quality finishes, and state-of-the-art amenities with unmatched connectivity to
Manhattan,” said DeLillo.
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Other News
Synergy Hosts Official Opening for Massachusetts’ Largest Office-to-Resi Conversion
Synergy held the official opening of Altitude Worcester, the largest office-to-residential conversion in Massachusetts, with a ribbon cutting ceremony with Juana Matias, the Secretary of the Massachusetts Executive Office of Housing and Livable Communities , and the City of Worcester. The event also marked the completion of 22 Elm St., the adjacent affordable homeownership community Synergy...
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MBTA Issues RFQ for Redevelopment of Lynn Commuter Parking Garage
The Massachusetts Bay Transportation Authority (MBTA) has issued a request for qualifications from would-be redevelopers of its downtown Lynn, MA commuter parking garage. It’s the first of a two-step process, to be followed by a request for proposals. The five-story garage opened in 1992 and has been partially closed since 2022 over safety concerns, ItemLive...
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Kidder Mathews Arranges Sale of 45-Unit Multifamily in Walla Walla
Suncrest Apartments, a 45-unit multifamily community located at 1800 Evergreen Street in Walla Walla, Washington, has sold for $4.3 million. Kidder Mathews Vice President Max Frame of the Simon | Anderson Multifamily Team in Seattle represented the seller, Art Griff, in the transaction. The buyer was Jason Zook. Situated on 1.72 acres, Suncrest Apartments consists...
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout