Stevens Institute of Technology impacted Hoboken far more then just being a college located there. In 1784, Col. John Stevens built a Georgian-style mansion at the top of the cliff on Castle Point as a summer villa for the Stevens family. Following in 1802, the Colonel Stevens became the president of Bergen Turnpike, which controlled the boats docks located on present day Sinatra Drive. In 1814. Stevens and his family moved permanently to Hoboken and utilized the invention of the steam engine to commute back and forth to New York City. During this time, the Colonel began selling off the remainder of his properties throughout Hoboken for both residential development and farmland. He then created a scenic "river walk" that winded from the ferry, around Castle Point, and stretched all the way to northern Hoboken.
Colonel Stevens built a hotel, where his visitors and guests could dine and lodge, created "Elysian Fields", built a primitive Ferris Wheel, and set up a demonstration train on a circular track. Throughout the Holiday season, thousands of Manhattan residents would cross the Hudson, to view real estate, admire the magnificent gardens, or simply enjoy the amusements.
Over time Hoboken's population grew to closely 7,000 and the city incorporated in 1855. Around this time, the Colonel son's Edwin and Robert replaced the villa with a new mansion called The Castle designed by Alexander Jackson Davis. The Italian-style castle was finished in 1859 and had a coach portal, campanile, piazzas, and a hanginng staircase.
Duiring the 1860s, Hoboken's population grew to nearly 20,000 people! At this time, Stevens still owned property that extended from Washing Street eastward to the river and northward through a rural section of the Elysian Fields. By the 1900s, the Stevens family only had control of the land between 7th and tenth streets. It was here that the Instiute was born.