LCOR’s revised plan for Hoboken Connect’s Site 1 centers on a 29-story mixed-use building with 365 residential units, NJ Transit office space and ground-floor retail. The developer presented the proposal at a community meeting, replacing an approved 21-story office building beside the PATH train entrance.
The proposed building would be about 34 percent smaller in gross square footage than the previously approved 704,355-square-foot office tower, according to Jersey Digs. LCOR representatives said they had spent three years seeking pre-leases without securing a prospective tenant, and that an office building was not economically feasible. The developer has hired Morris Adjmi Architects to design the replacement.
The proposed homes would be 70 percent market-rate, 10 percent workforce housing and 20 percent set-aside low- and moderate-income housing, per the same report. NJ Transit would rent about 23,000 square feet of office space on the building’s first few floors, while Hoboken would receive almost 16,000 square feet of rent-free office space. Plans also retain an existing bus lane and provide 5,600 square feet of ground-floor retail across two storefronts.
A Slimmer Tower Than Once Approved
The proposed 29-story building would be slightly taller than Charlie, Hoboken Connect’s other residential tower, but substantially smaller by gross floor area than the former office plan. LCOR plans to seek redevelopment-plan amendments and design and building approvals over the next 15 months, with groundbreaking targeted for 2028 and completion in 2030, the outlet reports.
The changes were presented jointly by NJ Transit and LCOR, among the entities behind the broader Hoboken Connect development, which sits next to NJ Transit's rail yard and includes the restoration of Hoboken Terminal along with revitalization around the transit hub. A City of Hoboken post invited community members to weigh in on a proposed mixed-use development at 1 Henderson Street, describing the meeting as a chance to help shape an update on the site's future: post.
Charlie and Terminal Work Move Ahead
While Site 1 heads back to the drawing board, other pieces of Hoboken Connect are progressing on schedule. Construction has begun on Charlie, a 27-story residential building within the development, according to Hoboken Connect. That tower is expected to welcome its first residents in April 2027 and open during the second quarter of that year, with New York YIMBY reporting it will contain 386 rental units, 20 percent of them set aside as affordable housing.
Hoboken Connect itself is a public-private partnership between project partners LCOR and NJ Transit, which owns Hoboken Terminal, according to LCOR. Related terminal improvements have already delivered results: the Hudson Street pedestrian plaza opened over the summer of 2026, and LCOR is aiming to finish the remaining work on Hudson Place by October. Lackawanna Plaza and a second-floor marketplace inside the terminal are both expected to be completed during the summer of 2027, as previously detailed in Jersey Digs' coverage of the terminal's phase-one renderings.
Terminal-Area Work Has Several Phases
The updates described above mark different stages of the public improvements: the Hudson Street pedestrian plaza is open, remaining Hudson Place work is targeted for October, and Lackawanna Plaza and the terminal marketplace are expected in summer 2027. Another phase is the interim bus terminal near Hoboken Terminal; NJ TRANSIT announced on March 27, 2025, that construction had begun there as part of the broader redevelopment work.
How the Plan Has Changed Over Time
The new proposal departs from an earlier plan reported by RE-NJ for a 21-story, 704,355-square-foot office building with ground-floor retail. At the time, Hoboken Connect was described as a $900 million project surrounding the terminal. New York YIMBY has since tied that figure to roughly $450 million invested specifically in terminal revitalization, including $176 million in state funding.
If approved, the revised plan would shift Site 1 from a stand-alone office tower to a mix of housing, transit offices and retail. The project still requires the redevelopment-plan amendments and other approvals outlined above.
