One of the most desirable locations for BOHO centers is at or near transit hubs such as light rail stations. The new Monroe Center in New Jersey is a perfect example of this new trend.
"A culturally friendly transit village" An example of the opportunities provide by transit-oriented development is the 123-unit Monroe Center in New Jersy, described by the Hudson Reporter (24 January 2006) as a "high-rise condominium tower" which "will ultimately be part of a 435-unit development on a 5.5-acre site just steps from the Ninth Street stop of the Hudson Bergen Light Rail....[it] will include four high-rise residential buildings of between 10 and 13 stories, with ground floor retail, commercial arts space, and mezzanine space." It's intended to be "a culturally friendly transit village", according to the paper.
This ideal location has been attracting an eclectic mix of artists, entrepreneurs, and small businesses. The paper goes on to note:
"Already underway is the renovation of the interior of the existing Monroe Center for the Arts at 720 Monroe St. Since opening in 1990, the converted Levelor Blinds Factory has maintained an eclectic mixture of businesses that now include ad agencies, interior designers, cake bakers, architects, toy makers, dance instructors, and yoga studios. "
Accesible Urban Transit Hub
Another selling point, said the developer, is the project's location. He said that because of the property's proximity to the light rail, this project will be a good example of the "smart growth" principle of a "transit friendly community."
A transit village is a state-promoted planning initiative to redevelop and revitalize communities around transit facilities, making them appealing choices for people to live in, while lessening their reliance on cars.
More than required parking
In Hoboken, parking is always an issue, and this is one of the few projects that will provide more parking spaces than the zoning requires. When fully built out, the project will have 1,120 garage parking spaces to complement the surrounding off-street parking.
Outdoor Plaza
According to the developers, outdoor areas at Monroe Center will include one large plaza with stylistic fountains, seating decks and a "hammock park." Each new building at the community will also feature rooftop gardens. "Monroe Center's appeal as a destination will be enhanced by its substantial outdoor public areas," points out Gerard Saddel, a partner of Monroe Center Development, LLC. "A series of public parks and a plaza will be scattered throughout the entire development."
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