Hoboken Urby

On Behalf of Urby and Ironstate (the Sponsor), BlueGate Partners is pleased to offer a rare opportunity to finance the Hoboken Urby, a fully approved, transformative multifamily development in the heart of the lively Hoboken neighborhood. The Site is located a few blocks from the Hoboken Terminal, which has access to the PATH trains into Penn Station and the World Trade Center, NJ Transit’s elaborate train system, and the Hoboken Ferry Terminal. The Project will bring the Urby brand and lifestyle amenities in the form of a 418,332 square foot, 16-story building with 307 market-rate residential units and 38 affordable units. Along with extensive amenities and open spaces, there will be 17,425 of retail space which will include a café and a parking garage with 152 parking spaces.

INVESTMENT HIGHLIGHTS

• Trophy Asset with Extraordinary Access to Transportation
• Best-in-Class Sponsorship with Unparalleled Local Expertise
• Significant Barriers to Entry & Limited Supply
• Chronically Undersupplied Hoboken Multifamily Market
• Outstanding Demographics
• Strong Rent Growth and Low Vacancy
• Top-Ranked Live-Work-Play Destination
• 99 Walk Score: Highest in New Jersey
• Compelling Returns
• Fully-Approved Site
• Beneficiary of Manhattan’s Undersupplied & Extraordinary Expensive Rental Market
• Highly Sought-After Urby Lifestyle and Amenities
• Urby’s Timeless Appeal and Consistent Rent Premium
• The Transformative Hoboken Connect Redevelopment