Hoboken Terminal & Rail Yard

The Hoboken Terminal & Rail Yard Redevelopment will transform Observer Highway and Hudson Place into a vibrant, transit-oriented community promoting Hoboken's future, while honoring the City's history. Transit-oriented development is the future of growth in New Jersey. As a major transportation hub currently for residents with a wide range of options including NJ Transit Rail, PATH and ferry service, Hoboken is primed to take advantage of growth opportunities. This mixed-use development will combine historic preservation with modern office, retail and residential space plus over $100 million in essential improvements to public transportation and city infrastructure. Highlights of the plan include: Community Benefits and Improvements A pedestrian and bike friendly Observer Highway Revival of Warrington Plaza and the Hoboken Ferry Terminal into a retail destination supporting local business Reinvention of Hudson Plaza into a pedestrian-only park Major traffic improvements to reduce congestion New enclosed bus terminal and improved PATH entrances Economic Benefits Millions in new annual tax revenue for Hoboken $50 million in added consumer spending annually 11,000 new permanent jobs Additional funds to establish safeguards against future weather events