Hudson River Waterfront Development near Hudson Tea Building
An application has been submitted by Shipyard Associates to the Department of Environmental Protection (DEP) requesting a permit to rebuild the pier located directly east of the Hudson Tea Building, 1500 Hudson Street Building. The permit request also includes building two eleven story residential towers on top of the rebuilt pier. These new towers would be called Monarch at Shipyard.
Shipyard Associates currently owns the Shipyard rental complex which includes the Sovereign and Vanguard residential rental buildings.
An inevitable battle from Hudson Tea owners is sure to ensue from this action. The 2004 & 2010 Hoboken Master Plan called for this site to be a residential recreation area for outdoor space including tennis courts.