Company Purchases 1910 Office Building Near Hoboken Train Station. What's Next For It?

HOBOKEN, NJ —The commercial building at 95 River St. in Hoboken was originally built for Steneck Trust, a bank that closed in the 1930s during the Great Depression. Now, the sturdy structure two blocks from the Hoboken train terminal has a new owner who will continue to lease the office space within.

Maridian Properties, a Hoboken-based real estate developer and property manager, announced this month that it recently acquired the building. The Wells Fargo bank on the ground floor will continue to be the anchor tenant, they say. But Maridian has also recently leased space to five new tenants.

They've also renamed the building “Lions Gate,” they say, "as a nod to the architecturally distinct frieze of lion heads that decorate its upper façade."

The five-story elevator building offers 22,500 square feet of retail and office space, with the top three floors providing views of the Manhattan skyline.

"Lions Gate is a magnificent masonry and terra-cotta building that was built in 1910 for the Steneck Trust Company and was last remodeled in 1983," noted a representative for the owners. "Maridian Properties closed on the property in December 2022 and immediately implemented a full-scale modernization to reposition the building as an upscale, boutique property while preserving some of the unique character of the building."

Finished upgrades include custom carpeting, wood floors and designer wall coverings in common areas, new wood flooring, lighting and window treatments in office suites, and the installation of a modern elevator.

A full renovation of the lobby is underway to infuse the building with a chic, Manhattan-style ambiance featuring elegant stone and millwork, they say.

Five New Tenants

Since acquiring the building, Maridian Properties has leased space to five new tenants, raising Lions Gate to full occupancy, they say.

Maridian Properties is accepting names for a waitlist as suites become available.

The property is home to firms specializing in apparel design, law, real estate development, science, and finance.

“We viewed this as an opportunity to rejuvenate one of Hoboken’s iconic Beaux Arts buildings and transform it into a modern office space situated in a prime location near the PATH and southern waterfront. Our vision is to create an appealing environment that caters to a wide range of commercial users, including the tech industry,” said Mario Fini, Co-Founder of Maridian Properties.

“As long-time supporters and active members of the Hoboken business community, we embrace opportunities like this one that contribute to the preservation of the city’s architectural heritage, attract new business, and provide the necessary infrastructure and foot traffic for our existing businesses to thrive.”

Maridian Properties’ focus is on boutique properties for tenants looking for commercial space in the range of 300 to 5,000 square feet, catering to a clientele that includes single-suite sole proprietors, start-ups, full-floor occupancies, and various professional services such as physicians, attorneys, accountants, small creative firms, and real estate businesses.

Demand for office space in Hoboken remains strong, according to Fini, buoyed by the city’s convenient location, mass transit infrastructure, and diverse economy.

Founded and led by Mario Fini and Patrick Capiello, Maridian has more than three decades of experience. Find out more here: Maridianproperties.com.

For more information on Lions Gate and office suite availability, visit www.hobokenofficespace.com or call 201-222-1062.