Final building at historic Maxwell Place breaks ground

Transwestern Commercial Services announced Wednesday construction has begun at the final building in Toll Brother City Living‘s mixed-use development at the historic Maxwell Place in Hoboken.

The property, located at 1000 Maxwell Lane, will feature a combination of street-level retail, six stories of office space and five stories of luxury condominiums.

TCS was retained to provide leasing services for the 110,800 square feet of office space, with Matt McDonough, managing director, heading the team.

1000 Maxwell Lane is part of a larger development including three luxury residential towers comprising 755 units, a waterfront park and retail tenants, TCS said.

“Maxwell Place is a unique project that brings diversity to the Hoboken waterfront, and 1000 Maxwell Lane is an important final component of the project,” Henry L. Waller, vice president of Toll Brothers City Living, said. “Being the first speculative office development built during the current market cycle, 1000 Maxwell Lane is a distinctive mixed-use project meeting the needs of Hoboken’s growing community of entrepreneurs, new ventures, and tenants in the technology, advertising, media and information industries.”

The site is within close access to ferry service to Manhattan, Stevens Institute of Technology, the Lincoln Tunnel and Route 495.

“Toll Brothers City Living saw the need for creative office space in Hoboken, where the market currently has an emphasis on the needs of more traditional tenants,” McDonough said. “With the distinct and technologically advanced space at 1000 Maxwell Lane, Toll Brothers is creating a greater balance in the Hoboken office market, with spaces catering to the booming number of TAMI companies and innovative start-ups on New Jersey’s Gold Coast.”

Maxwell Place is a joint venture between Toll Brothers and Pinnacle Downtown.