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Hoboken's Tribeca West Tries to Lure NYers Across the Hudson

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Welcome to State o' the Garden State, a Curbed feature in which we explore the new developments in New Jersey neighborhoods across the Hudson from Manhattan. Have a new development you'd like us to consider? Let us know via the tipline.

It's a familiar challenge for developers working on the Jersey waterfront: how do we get some of those 8 million people living in New York City to move over here? Many developers tout skyline views and an easy commute, but Tom Pintak took a different route: he named his building after a popular Manhattan neighborhood. Say hello to Tribeca West, a boutique 14-unit condo project in Hoboken. "The name I actually came up with after getting the original building rendering from my architect over two years ago," says Pintak, who heads Pintak Development. "The building design seemed very unique for Hoboken, similar in style to condo buildings built in lower Manhattan with its modern features. So I wanted to come up with a name that portrayed this and also as a marketing tool to target potential buyers looking for a lower Manhattan style building they can own for a more reasonable price point on the west side of the river."

The name may incite some eye-rolls, but buyers didn't seem to be bothered. Sales started last July, and all units were spoken for within 10 months—including one to a Manhattan couple. After renting on the Upper West Side for a couple of years with their family, Carolina and Alex started house-hunting in Harlem, Long Island City, and Brooklyn, but found nothing in their budget. So they headed to Hoboken.

The couple felt that discovering the Tribeca West was "like love at first sight." They were immediately taken by a $1.25 million penthouse, with a 675-square-foot private rooftop terrace (complete with BBQ grill, fridge, planted trees and volcanic rock fire pit), and impressed by a monthly maintenance fee of only $435 that includes covered parking. The seduction was swift, and they look forward to sealing the deal with a June closing.

Pintak Development began construction on Tribeca West in April 2012, replacing a single-family home at the corner of 10th and Jefferson Streets with a LEED-certified—it has a solar thermal hot water system—six-story elevator building that contains six one-bedroom units, four two-bedroom units and four three-bedroom units. Move-ins started at the beginning of May.

Designed by local architects Minervini Vandermark and Philadelphia-based engineering firm Bevan Lawson, Tribeca West provides a deeded parking space for all but two units (both one-bedrooms), in addition to SubZero refrigerators, Wolf stoves, Miele dishwashers, and energy-efficient washer/dryers in every unit. The units come pre-wired for residents to control A/V equipment and other electronic features (including the window shades!) through their iPhones or iPads.

The 1BR/1BA homes range in size from 782 to 804 square feet and went into contract for $499,000 (a unit without designated parking space) to $565,000. The 2BR/2BA homes, all with balconies, range in size from 1,125 to 1,185 square feet, and contract prices ranged from $735,000 to $795,000. The 3BR/2BA homes, measuring from 1,500 to 1,733 square feet inside and 282 to 911 square feet outside, went into contract for prices ranging from $995,000 to $1,295,000.

Commuters have the option of walking four blocks to take the Hudson-Bergen Light Rail to the Hoboken PATH station for trains to Manhattan, Jersey City and Newark (as well as several other lines and ferries from Hoboken Terminal), or the 126 NJ Transit bus with continuous morning service from the corner of 11th and Clinton Streets (also four blocks away). A suburban-sized ShopRite supermarket is one block over, and Hudson County-owned Columbus Park, with two playgrounds and tennis courts, is only three blocks away.
— M. Lorenzo
· Pintak Development [official]
· State O' the Garden State archives [Curbed]