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Hoboken Urby: $162M Loan Fuels Luxury Apartment Development

by Priya Shah – Business Editor

$162 Million Financed for New luxury Residential Tower in Hoboken, NJ

Hoboken, NJ – A new era of luxury living is coming to Hoboken with the development of “Hoboken Urby,”‌ a 16-story, 345-unit residential ⁤building slated to open in the summer of 2027. Construction‍ is now underway at ⁣256 Observer Highway, and is being fueled by⁣ a $162 million construction loan recently ⁣closed by commercial real estate financing firm PCCP.

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