▁offering ▁exp ans ive ▁views ▁of ▁the ▁Hudson ▁with ▁the ▁spect ac ular ▁back drop ▁of ▁the ▁New ▁York ▁sky line . ▁As ▁of ▁ 2 0 1 7 , ▁the ▁city ▁was ▁considering ▁using ▁em inent ▁domain ▁to ▁take ▁over ▁the ▁last ▁operating ▁mar itime ▁industry ▁in ▁the ▁city , ▁the ▁Union ▁D ry ▁D ock . ▁▁ 1 9 7 0 s – present ▁During ▁the ▁late ▁ 1 9 7 0 s ▁and ▁ 1 9 8 0 s , ▁the ▁city ▁witness ed ▁a ▁spec ulation ▁sp ree , ▁fue led ▁by ▁trans pl anted ▁New ▁York ers ▁and ▁others ▁who ▁bought ▁many ▁turn - of - the - 2 0 th - century ▁brown st ones ▁in ▁neighborhood s ▁that ▁the ▁still ▁solid ▁middle ▁and ▁working ▁class ▁population ▁had ▁kept ▁int act ▁and ▁by ▁local ▁and ▁out - of - town ▁real - est ate ▁invest ors ▁who ▁bought ▁up ▁late ▁ 1 9 th ▁century ▁a partment ▁houses ▁often ▁considered ▁to ▁be ▁ten ements . ▁Hob oken ▁experienced ▁a ▁wave ▁of ▁fires , ▁some ▁of ▁which ▁were ▁ar son . ▁App lied ▁H ous ing , ▁a ▁real - est ate ▁invest ment ▁firm , ▁used ▁federal ▁government ▁in cent ives ▁to ▁renov ate ▁" sub - standard " ▁housing ▁and ▁receive ▁subs id ized ▁r ental ▁pay ments ▁( comm only ▁known ▁as ▁Section ▁ 8 ), ▁which ▁enabled ▁some ▁low - in come , ▁disp la ced , ▁and ▁disabled ▁residents ▁to ▁move ▁within ▁town