UpdatedThu, Feb 4, 2021 at 2:47 pm ET
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The Hoboken waterfront. (Caren Lissner/Patch)
HOBOKEN, NJ Hoboken Mayor Ravi Bhalla said Tuesday that the city and Ironstate Development have agreed on a newly proposed settlement agreement that prevents two 11-story high-rise buildings from being built on Hoboken s waterfront and gives the city 1.4 acres of land for open space. In exchange, Ironstate would get to build an 11-story residential building at the site of the Municipal Garage near the city s southern border.
The proposed agreement will be presented to the City Council for consideration and a possible vote on Wednesday, Feb. 3. (Residents can get details of the agreement and speak at the virtual meeting using the links later in the story.)