HOBOKEN – On Nov 14, the Hoboken City Council voted unanimously against the proposed Monarch settlement between the city and Shipyard Associates after hearing over 20 residents speak on the proposed resolution.
The settlement would have ended a 5 year legal battle in which the city challenged the developers’ plans to build two 11-story buildings near Sinatra Drive and Shipyard Lane, with 70 residential units on land the developers were supposed to partly turn into tennis courts and public open land.
The settlement would have allowed for the developers to build an additional 79 units on a 186 unit development at 800 Monroe St and in return the city would have gotten $500,000 from the developers for clean up of the pier debris, conduct an engineering analysis, and start the work needed to design and eventually construct a new waterfront walkway.
Mayor Dawn Zimmer released a statement after the council’s vote stating “I fully understand and respect the City Council’s vote. As a result, we will be back in court in December to continue to vigorously defend the city’s interest in the Monarch and 800 Monroe cases.”
She also stated that the city will continue to look for viable settlement options one which “protects our waterfront without increasing residential density.”
For more information on the council meeting look to the upcoming edition of the Hoboken Reporter.