“We are fortunate to have partnered with Mayor Zimmer and the City of Hoboken to create new community space, and look forward to more New Jersey development projects on behalf of Intercontinentalâ€s union and public pension investors,” Peter Palandjian, Chairman and CEO of Intercontinental Real Estate Corporation.

By incorporating green infrastructure and underground detention systems to capture more than 450,000 gallons of stormwater runoff, the resiliency park is designed to help address flooding issues. It is the second of three resiliency parks planned for western Hoboken, in addition to the Southwest Park which is under construction and the Northwest Park, which is in the planning stage.

Approximately 1 acre of the park will consist of an open grass area with public seating and a childrenâ€s play area. An additional 1 acre public plaza will feature step seating with a tilted lawn panel for relaxing and passive gatherings and a large plaza area designed to accommodate vendors and seasonal markets. Finally, the plan will feature a 6,835 square foot multi-use public gymnasium with a classic field house design.

The project will also include approximately 30,000 square feet of retail space, an on-site parking garage, and 424 residential units, including 42 units of affordable housing.

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The post Mayor Zimmer & Officials Break Ground on 7th & Jackson Resiliency Park first appeared on River View Observer.