The New Jersey Supreme Court has granted the City of Hoboken’s petition for certification asking it to review the denial of Hoboken’s appeal of the decision regarding the “Monarch Project” by the New Jersey Appellate Division. That previous decision by the Appellate Division cleared the way for the development of two 11 story high rise residential developments in uptown Hoboken. The recent petition granted by the New Jersey Supreme Court is rarely given, which is a positive development for Hoboken.
“This is excellent news for Hoboken and our waterfront,” said Mayor Ravi S. Bhalla. “From the very beginning of my administration, we’ve held firm to the belief that any large-scale residential development on the waterfront would pose a risk to the public safety of our residents and first responders. I’m thankful that the Supreme Court will allow us to make this argument, so we can protect our waterfront and preserve it for public, open space. Given this recent ruling, my administration will continue to explore any and all options to ensure the Monarch development does not get built and jeopardize public safety and our waterfront. Thank you to all of the members of the public who have spoken out and signed a petition in favor of preserving the Monarch property for a public park.”
Mayor Bhalla and the City have pursued settlement negotiations over the past several months with Shipyard Associates, the property owners of the “Monarch Project” land, to resolve the litigation between the City and Shipyard Associates. Mayor Bhalla and the City attorneys will brief the City Council on the status of settlement discussions with Shipyard Associates, as well as the potential impact of the Supreme Court’s determination, during the closed session of the City Council meeting on Wednesday.