IMPACT: Companies flock to Hudson County

Commercial development is on the rise

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Bayonne is now home to a new 150,000-square-foot Costco Wholesale.
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The Hyatt House in Jersey City offers a rooftop restaurant with sweeping views.
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Seacucus is home to Hudson County's medical marijuana dispensary.
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A new Hilton Hotel has been proposed for this site on the Hoboken waterfront.
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  1 / 4 
Bayonne is now home to a new 150,000-square-foot Costco Wholesale.
  2 / 4 
The Hyatt House in Jersey City offers a rooftop restaurant with sweeping views.
  3 / 4 
Seacucus is home to Hudson County's medical marijuana dispensary.
  4 / 4 
A new Hilton Hotel has been proposed for this site on the Hoboken waterfront.

Businesses large and small have moved to Hudson County over the past several years.

The county is a popular destination for companies that need to be near New York City but also need New Jersey’s more affordable real estate.

New arrivals that call Hudson County home include Ernst & Young in Hoboken and Whole Foods in Jersey City. Offices, warehouses, and hotels dominate the landscape.

Bayonne

Bayonne is now home to a new 150,000-square-foot Costco Wholesale as part of the redevelopment of the Military Ocean Terminal Bayonne, which will also include massive residential development. The Harbor Point Marketplace, in that area will include 92,000 square feet of retail space.

The Military Ocean Terminal will also be home to the $50 million expansion of the Cape Liberty Port, the region’s second largest cruise ship terminal by passenger volume.

According to Bayonne’s 2017 master plan reexamination, neighborhoods surrounding light rail stations will become hubs for retail, commercial, and residential developments.

Hoboken

Hoboken has several large businesses on its lower waterfront, including Pearson Publishing, Wiley Publishing, Thomson Reuters, and Jet.com.

Ernst & Young LLP (EY) opened a new 170,000 square-foot office and learning center in downtown Hoboken along the waterfront in January, 2018. The new location is home to more than 1,000 professionals.

The city will also get its second hotel, not far from the existing W Hotel on the southern waterfront. KMS Development Partners will build the new Hilton Hotel on the back parking lot of the River Street Post Office. The project could begin construction by the end of the year and provide more than 130 jobs.

In northwestern Hoboken, a 1.83-acre property at 1300 Jefferson St. will be developed into three separate buildings under a new redevelopment agreement. The first two are residential, while the third will be a hotel. It will include no more than 281 rooms, total 16 stories, and rise 166 feet. The ground floor will feature retail space of 4,625 square feet, and about 18,000 square feet of commercial space.

Jersey City

Jersey City is home to Exchange Place’s financial district. Nearby in Newport and Harborside are JP Morgan Chase, Jackson Hewitt, Merrill Lynch, and others.

Rising Tide Capital purchased 311 Martin Luther King Blvd. to serve as its new national headquarters. The four-story building includes 5,000 square feet of ground floor space, a courtyard, 10 units of affordable housing, and a top floor commercial space.

Whole Foods’ Northeast Regional Headquarters will also move to Jersey City from its current location in Englewood Cliffs. The store reportedly signed a lease with Mack-Cali for a 47,398-square-foot office space.

The waterfront area is also home to several hotels. A new 258-room Hyatt House opened near Exchange Place in 2017. Other hotels on the waterfront include the Courtyard by Marriott, the Westin, the Hyatt Regency, the Doubletree, and Candlewood Suites.

North Bergen

A Fairfield Inn & Suites by Marriott opened in August of 2017 in the ever-expanding inland commercial district along Tonnelle Avenue in North Bergen, away from the waterfront on 69th Street. Also on 69th Street U-Haul recently opened its East Coast hub.

Helix eSports, the largest online gaming center in the country, also opened last December. The venue at 3167 John F Kennedy Blvd. has 4,000 square feet of space, making it one of the largest eSports facilities the country. It has 110 PC stations, 56 gaming consoles, live-streaming services, and a bar.

Secaucus

The Harmony Foundation, a medical marijuana facility on Meadowlands Parkway in Secaucus, opened last year. Harmony Foundation became the first Alternative Treatment Center in Hudson County, and the sixth in New Jersey.

In November 2017, Hartz completed a 302,727-square-foot, cross docked, Class A distribution center for UB Distributors on a 22.31 acre site in Harmon Cove, creating a premier distribution facility with 36-foot clear ceiling heights, 700-pound floor load, cross docked, 50-foot concrete apron, 130-foot truck courts and ample truck parking.

Hartz’s adjacent property includes a new warehouse for tenants Ferguson and VER at 50-100 Meadowlands Parkway.

Aloft Secaucus Meadowlands Hotel will open in the Secaucus shopping district at Mill Creek Mall. The boutique hotel by Marriott is expected to open in June. It’s part of the Harmon Meadow 550-acres, mixed-use development. The Harmon Meadow development also became home to The Vitamin Shoppe last year.  It relocated its back-office operations from North Bergen to 400 Plaza Drive in Secaucus, where they have 28,000 square feet of space.

Over the Hudson County border in nearby East Rutherford, the American Dream project on Route 3 is expected to open this summer. The mall will be 3 million square feet and will include North America’s largest indoor DreamWorks Water Park and the world’s only Munchie’s Food Hall.

More than 450 retailers have signed on to American Dream, including Century 21, European Primark, and Microsoft.

Weehawken

A new waterfront hotel opened in Weehawken this year near Port Imperial.

The Residence Inn by Marriott has 154 rooms and an area for a hot breakfast developed by Mack-Cali Reality.

The area includes several residential developments, which will include ground floor commercial and retail space.

The 32,949-square-foot Whole Foods Market 365 is under construction. It will open in Weehawken in a mixed-use development as part of the Lincoln Harbor waterfront. project.