Construction has begun at 1300 Jefferson Street, the site of an 18-story residential building on the northern edge of Hoboken, New Jersey. Designed by Fogarty Finger and developed in a joint venture between Lincoln Property Company and Pegasus Partners LLC, the structure will yield 357 market-rate and affordable rental units. The project will also include a 304-vehicle parking garage and 24,000 square feet of retail space in its five-story podium. The full-block property is bounded by 14th Street to the north, 13th Street to the south, Jefferson Street to the east, and Madison Street to the west.
A recent groundbreaking ceremony was attended by leaders of the project team, with a piling machine visible in the background that will begin preparing foundations alongside excavation work over the coming months. Renderings show a U-shaped massing above the multistory podium, with setbacks on the 11th, 16th, and 18th stories, light gray brick, floor-to-ceiling windows, and recessed and protruding balconies. Thirty-five units will be dedicated to affordable housing: 20 apartments at 1300 Jefferson Street and 17 off-site units for veterans at 308 Second Street, a site currently used as a private surface-level parking lot for American Legion Post 107.
The development adds meaningful rental supply and ground-floor retail to a full-block site near Hoboken's northern edge, while the off-site veterans units extend the project's affordable housing impact beyond the primary parcel. Residential amenities will include multiple rooftop terraces, a fitness center, a swimming pool on level 17, and a new 5,234-square-foot public plaza, suggesting an effort to integrate the building with surrounding public space.
A construction timeline for 1300 Jefferson Street has yet to be announced, and the single source reviewed does not specify financing terms, unit mix beyond the affordable count, or expected completion. Those details remain unknown until further reporting or project disclosures are available.