Mayor Zimmer: ‘New 3rd ward park at Pino site under consideration’
The City of Hoboken announces:
Community: Mayor Zimmer Announces Proposed Agreement to Create New Park at Pino Site
The City of Hoboken is considering a proposal from Bijou Properties that would donate to the City a 1 acre property, known as the Pino site, for a park in Western Hoboken as part of an agreement to continue the redevelopment of the Monroe Center site.
“We have a historic opportunity to preserve one of the last undeveloped parts of Hoboken as open space,” said Mayor Dawn Zimmer. “This new park near the Jubilee Center, Monroe Center for the Arts, and a growing residential neighborhood, would bring much-needed open space to Western Hoboken. I thank Larry Bijou for making this proposal that would transform unused land into a community open space that will benefit the neighborhood and Hoboken for years to come.”
Larry Bijou is under contract to purchase property at 700 Monroe Street, which is in a Redevelopment Area, as well as the Pino property, located at 7th Street and Jackson Street. He has proposed donating the Pino site to the City for a park in exchange for an effective transfer of development rights from the Pino site to the adjacent property at 700 Monroe Street, with an additional 14 dwelling units, and 90 automated parking spaces. The result would be the creation of a new 1-acre park and a LEED-Gold Certified building at 700 Monroe Street that would incorporate a green roof, grey-water system, and cogeneration.
At the next Council meeting, the City Council will be asked to approve an interim cost agreement. Mayor Zimmer thanks Zoning and Economic Development Chair David Mello for working with her on this proposal. She also discussed the proposal with Third Ward Councilman Michael Russo and appreciates that he expressed his support for moving forward. If approved, Mr. Bijou would pay for the costs for the City to vet the feasibility of his proposal for a new park and transfer of development rights, including a financial, environmental, and planning analysis. All aspects of the proposal would be subject to negotiation for inclusion in the Redevelopment Agreement, which would require City Council approval. Finally, any necessary environmental cleanup would take place and a community process would begin to design the new park.
The City Council will be fully briefed on the status of all land acquisition negotiations during closed session on Wednesday, April 20 from 6-7:30pm. The regular Council meeting will begin at 7:30pm.