HOBOKEN – The economy may be preventing some home-buying across the country, but apparently the trend is not as severe in Hudson County, with its location across the river from Manhattan and its easily reachable amenitites. A new luxury building in uptown Hoboken from Toll Brothers called “1450 Washington” has sold 40 percent of the units while the building is still under construction, before the sales office has even opened, according to a release from Toll Brothers.
The building is a new addition to the existing Hudson Tea Complex on the northern waterfront. The Tea complex houses New York Giants Quarterback Eli Manning and until this past August housed NBA basketball player (and soon-to-be-former Kardashian family member) Kris Humphries.
Toll Brothers City Living expects the new property to be finished in May 2012.
“Consistent sales at Maxwell Place and Hudson Tea were dissipating our inventory to the point where we would run out by next spring, inspiring us to start construction at 1450 Washington,” said Ben Jogodnik, senior vice president of Toll Brothers, in a release.
Homes in the 12-story building are priced from the high $300,000s for studios (none are currently available) to the upper $900,000s for large three-bedrooms, according to a release. — Ray Smith
Despite economic downturn, new Hoboken building quickly selling units
