A six-story mixed-use residential condo building may be constructed at the corner of 10th and Madison streets now that the Hoboken City Council has approved an introductory ordinance amending an area redevelopment plan paving way for the project.
Architect John Nastasi presented the proposed development before the council at a special virtual meeting on Feb. 24.
It would be constructed at 931 Madison St, replacing the two-story brick building once home to Water Music Recorders, a residential recording studio founded in the 1980s which has seen its fair share of A-list musicians: Beyonce, Joey Ramone, U2, and the Dave Matthews Band among others.
According to Nastasi, the development would include four stories of residential units, above a second-floor parking garage, and first-floor commercial and retail space.
The first floor will consist of a 10,00-square foot dry-proofed commercial space along the property’s northwest corner facing ShopRite.
He said a commercial space this large could attract a major tenant, large restaurant, community space, or gourmet supermarket.
A residential lobby would be on southwestern corner.
The second floor will consist of parking for residents of the building and commercial tenants, which will be accessed through an entrance and exit on 10th Street.
Thirty-four vehicles can park, including two spaces for those with disabilities, and three spots for electrically charged vehicles.
On the second floor along Madison Street will be a garden terrace for residents of the building, which will help block the view of the enclosed garage from the street, shielding it from passersby.
Thirty-six residential units will be on the third, fourth, fifth, and sixth floors, including four affordable housing units.
The majority are envisioned as one-bedroom units, but the development will also have two- and three-bedroom units.
Third-floor residents who live on the back of the building will have private garden terraces.
Flooding has been an issue in the area. To help prevent flooding, the building will collect rainwater via a green roof and an underground stormwater detention system, according to Nastasi.
It will seek LEED certification.
On Feb. 24, the council unanimously introduced an ordinance that would amend part of the 1998 Northwest Industrial Redevelopment Plan, which would pave the way for the project. Councilwoman Vanessa Falco was absent.
The amendments include increasing the total building height from 60 feet from grade to 78 feet from grade, increasing the lot coverage of the residential floors from 60 percent to 70 percent, and eliminating the five-foot setback along 10th Street, among other amendments.
These amendments will now go before the Hoboken Planning Board for review to ensure that they are consistent with the Hoboken Master Plan.
Once approved by the planning board, the amendments will go back before the council for a second reading and public hearing for a final vote of adoption.
To view the introductory ordinance of amendments go to https://tinyurl.com/sjbv8vdn.