Southwest Market
Update
04/18/24
Dev Lands $97M Loan for Major Mixed-Use Project in Hoboken
Developer, , has just secured a $97 million loan for a 9-story, mixed-use project, going up at 38 Jackson Street in Hoboken, New Jersey. Issued by Madison Realty Capital, this influx of capital will help to fund the development's construction costs.
To be known as "Southwest Market", the building will technically consist of 4-interconnected structures, internally known as Building(s) A, B, C, and D. The project includes an extensive rehabilitation of the historic, R.B. Davis Factory, which constitutes Building A.
The residential portion of Southwest Market is set to contain apartments, offered in one to three-bedroom configurations, with a select amount of duplex units. Approximately 11 units will be reserved for affordable housing. Tenant amenities are to include a rooftop terrace, a rooftop swimming pool, a greenhouse, and basketball courts.
In addition to residential units, plans call for square feet of retail and square feet of office space.
The development will also feature a covered courtyard and a multi-story parking garage, with enough room for vehicles.
Designed by , with serving as the general contractor, Southwest Market will stand feet tall and total square feet altogether. Construction is already well underway, although it's not yet clear when the project is expected to complete.
