Hoboken breaks ground on luxury apartment building

Another towering luxury apartment building is set to rise in Hoboken.

Behind the backdrop of cranes, cement trucks and rows of steel, city officials and developers yesterday dug the ceremonial first shovel of dirt at 900 Monroe St., kicking off construction of the $83 million, 11-story apartment building there.

Mayor Dawn Zimmer said at the ceremony that the 135-unit luxury rental building is designed for the future and fits into her vision of a Hoboken that is more resilient against flooding and power outages.

The development that we do in Hoboken has to be built more resiliently, and this project is an excellent example of building for the future and building a more resilient design, Zimmer said.

The apartment building will incorporate innovative energy-efficient features.

Some of those include high-efficiency heating and cooling systems, LED lighting, bike racks, electric car-charging stations and more.

The development, known as 900 Monroe, is a joint venture between Intercontinental Real Estate Corp. and Bijou Properties.

The apartment building is located next to the Hudson-Bergen Light Rail and adjacent to two recently constructed apartment buildings.

Larry Bijou, managing partner for the company that bears his name, said the apartment building will be an improvement for the neighborhood and will help fulfill the growing housing demand in Hoboken.

The project is expected to be completed in the fall of 2015 and bring 125 full-time jobs to the area.

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Hoboken breaks ground on luxury apartment building