Southend Hoboken. Rendering.
In a significant milestone for both Hoboken’s public education system and its real estate landscape, the Hoboken Public School District has signed a 20-year lease for 25,550 square feet at Southend Hoboken, a newly developed mixed-use project located at 38 Jackson Street. The space will be transformed into a dedicated Pre-Kindergarten and Early Childhood Education Center, addressing a growing need for educational infrastructure in Hoboken.
The transaction was brokered by Jacqueline Petruzzelli of Corcoran Sawyer Smith, who represented Hoboken Public School District in the deal. The lease stands as one of the most notable educational real estate commitments in the region in recent years and reflects a broader shift toward mixed-use developments that integrate civic, residential, and commercial uses.
Jacqueline Petruzzelli, Corcoran Sawyer Smith.
“As a long-time residential agent in Hoboken, I’ve had a front-row seat to the incredible influx of families choosing to call this community home,” said Petruzzelli. “But with that growth has come a pressing challenge: our public school system hasn’t physically expanded to meet the needs of our growing population of children. Recognizing this need, I took the initiative to approach the Hoboken School District and advocate for greater educational space,” she said. “That conversation organically led to a landmark lease agreement at one of Hoboken’s newest developments, creating a much-needed educational center that will serve our community for years to come.”
Developed by The Taurasi Group, Southend Hoboken is a large-scale mixed-use project situated along Hoboken’s southern border. The development includes 110 luxury condominium residences known as Southend Lofts, approximately 50,000 square feet of commercial space, and an additional 50,000 square feet of ground-floor retail, anchored by a flagship grocery store. All components are organized around a landscaped interior public courtyard designed to foster connectivity and community engagement.
Southend Lofts, Hoboken.
“This is an ideal site for early education,” Petruzzelli added. “The Southend Hoboken is not only a brand-new, luxury development, but it’s also positioned in one of Hoboken’s fastest-growing neighborhoods. The accessibility, safety, and community-oriented design make it a perfect fit for young learners and their families.”
The new educational facility is expected to open in time for the 2026–2027 school year, with renovations and custom buildouts scheduled to begin in the near future.
The lease further underscores the rapid momentum of Corcoran Sawyer Smith’s commercial division, which was formally launched less than a year ago and has already established itself as a major force in the regional market.
While Petruzzelli led the school district transaction, Arthur Maglio of Corcoran Sawyer Smith handled leasing for the Dumbo Market retail space within the same building, further reinforcing the brokerage’s growing commercial footprint in Hoboken. Together, the transactions reflect Corcoran Sawyer Smith’s ability to execute across multiple asset classes within a single development – an approach that has become a defining feature of Corcoran Sawyer Smith’s expanding commercial platform.
Southend Hoboken, atrium. Rendering.
“This lease reflects the strength and evolution of the Hoboken real estate market,” Petruzzelli noted. “We’re seeing a shift toward developments that blend residential, retail, and civic uses in a way that truly serves the community. It’s exciting to be part of a project that will have such a lasting impact.”
Established as a powerhouse within the tri-state real estate market, Corcoran Sawyer Smith represents the next generation of a full-service brokerage. In 2025, the firm formally launched its dedicated commercial division, combining high-impact marketing with a three-decade legacy of local market expertise. This expansion – bolstered by the landmark acquisition of Liberty Realty – has created a formidable platform for retail, industrial, and multi-family investment assets across New Jersey and Pennsylvania.
The firm’s New Development division has long served as the backbone of Corcoran Sawyer Smith, providing end-to-end expertise for some of the region’s most ambitious projects. From luxury high-rises along the Hudson River to boutique urban developments, the firm partners with developers through every phase of the project lifecycle, from early planning and design consultation to leasing and sales execution.
With a network of more than 500 professionals, the global reach of the Corcoran brand, and a specialized team focused exclusively on commercial and investment properties, Corcoran Sawyer Smith continues to play a central role in shaping the future of communities across New Jersey and beyond.
To learn more about Corcoran Sawyer Smith’s commercial services or new development division, visit their website here or follow @corcoransawyersmith on Instagram.