The conversion of Hoboken’s c. 1909 Wonder Bread bakery building, and surrounding grounds is introducing 83 luxury for-sale and six multifamily rental units in one of New Jersey’s most sought-after communities. Prism Capital Partners and Angelo, Gordon & Co. are heading the industrial-to-residential conversion on Clinton Street.
The property, designed by Minervini Vandermark, features preserved, architecturally significant details. The conversion of the existing seven-story bakery building, completed in 2022, has introduced 68 luxury condominium units. The two- to five-bedroom loft-style homes range in size from 1,200 to 2,700 square feet. All feature private direct-access terraces or rooftop terraces with water electric and gas hookups.
A second building is being constructed on the corner of 8th and Clinton Streets. That five-story structure will include 15 additional condo units. A third building, also located on Clinton Street, will include six affordable rental apartments on five floors.
Wonder Lofts residents benefit from 10,000 square feet of indoor and outdoor amenity space including a fitness center, pool, meeting and media rooms, lounges, kitchens, and entertainment areas. The community also will feature 2,300 square feet of street-level retail fronting on Clinton Street and ample on-site garage parking and provide easy access to mass transit.
As operating partner, Prism Capital Partners is overseeing the $120 million Wonder Lofts project.