Prospective renters aiming to secure an apartment in a group of luxury buildings in Hoboken, New Jersey, will find offerings like kitchens with granite countertops and new energy-efficient appliances, wall-to-wall pristine hardwood floors, terraces outside their windows, perhaps a pool deck right outside their door, and even a dog grooming station.
What they won’t find is affordable housing.
Three developments in the 1-square-mile city just across the Hudson River from Manhattan — VINE, Park+Garden, and Artisan on Clinton — have rented strictly market-rate units since opening their doors nearly 10 years ago. Today, those apartments range in price from about $3,000 a month for a one-bedroom or studio to more than $6,000 a month for larger three- and four-bedroom apartments.
Now, after a