News from Main Street
Things are moving fast in Downtown Hackensack! New buildings are rising and old locations are redeveloping—but all are shaping our Special Improvement District.
PROJECT: 18 EAST CAMDEN
The developer of this project, Hekemian & Co., Inc., is constructing The Current, a 254-unit, five-story, high-end residential development located at the corners of Camden Street, River Road and Berry Street. This project will feature two outdoor courtyards, on-site parking, and a two-level indoor amenity space. Residents will enjoy quick walks to Main Street, Foschini Park and the Johnson Public Library.
Current status: This project is under construction with an estimated completion in 2020.
Project: 22 SUSSEX STREET
Lighthouse Living has been approved for the construction of 88 apartments located between Sussex and Bergen Streets. This project will feature a traditional architectural building with amenities that are located within walking distance to the Essex Street Train Station.
Current status: Construction of this project is scheduled to start in 2019 with a completion scheduled for 2020.
Project: 395 MAIN STREET
Claremont Companies is under construction for this six story, 82 unit mixed use development located at the corner of Main and Ward Streets. The project includes 3,500 sf of retail fronting Main Street and will help anchor the north end of the downtown.
Current status: Construction of this project is on-going with a completion date estimated for 2020.
Project: 150 RIVER STREET (FORMER RECORD SITE)
Russo Development was recently approved to redevelop the 19.3 acre former Record Site. The project which includes multiple phases will feature, a riverfront walk, up to 654 units and 18,000 sf of retail space. The phase one building located at the terminus of Mercer Street on River Road includes 272 apartments along with courtyard amenities for its residents.
Current status: Demolition of the former Record Building is under way. Site preparation and construction is scheduled to start in 2019 with a completion estimated for 2021.
Project: MIDTOWN BRIDGE APPROACH (FORMER CITY OF HACKENSACK LOT C)
Hornrock Properties was approved for the development of a mixed use project located on the former 4.3 acre City-owned Lot C. The project will include approximately 372 residential units in two phases with 3,000 sf of retail, community gardens and amenities for it residents as well as 200 public parking spaces that will serve the downtown businesses, Foschini Park and the Ice House.
Current status: The first phase of construction should start in 2019 with an estimated completion in 2021.
Project: 149 Main Street
This project converts the existing structure into a five-story multi-use building dedicated to residential, retail, and parking uses. The completed project will consist of 72 residential units on four floors above retail on Main Street, with parking in the rear on two levels. Each residential floor will have 10 two-bedroom and 8 one-bedroom units.
Current status: This project is under construction and is estimated to be completed in 2019/2020.
Project: 18 East Camden
The developer of this project, Hekemian & Co., Inc., will construct The Current, a 254-unit, five-story complex on the site of a former field club. It will feature on-site parking and plenty of amenity space. Residents will enjoy quick walks to Main Street, Foschini Park and the Johnson Public Library.
Current status: Demolition of the existing buildings is complete, and the site is now cleared for construction.
Project: 240 Main Street
Capodagli is completing construction of this 6 story, 106 unit mixed use residential development located at the corner of Main and Salem Streets. The project will feature indoor amenities as well as a 3,000 sf restaurant on the ground floor.
Current status: Construction is scheduled to be completed in 2019.
Project: 76 Main Street
Alexander Anderson Real Estate Group is developing a 24-unit, mixed-use property. The planned, six-story building called the Phoenix will feature 4,207 s.f. of retail space on the ground floor and first level, and six one-bedroom apartments ranging from 621 to 801 s.f. in size will be located on floors two through five. The sixth floor will consist of a lounge area with a bar and rooftop deck for tenant use. Other amenities include washer/dryers in the units and proximity to the Bergen County Justice Center.
Current status: The City has met with the developer and a final project/construction schedule is being put together by the developer.
Project: 150-170 Main Street
Friendwell Management After some delay construction of the 14-story mixed use residential project is moving forward. The building includes approximately 379-apartment along with 7,500 sf of ground floor retail. This project will be the large building located in the downtown upon its completion and will feature views to the New York City skyline.
Current status: Construction of this project is on-going with vertical construction scheduled to come out of the ground in 2019 with a completion estimated in 2022.
Project: 435 Main Street
Waypoint Residential was recently approved for the construction of a mixed use residential development with 235 units and ground floor retail and amenities at the corner of Main Street and Anderson Street.
Current status: Demolition of the existing building has been completed and construction of the project is scheduled to start in 2019 with an estimated completion in 2021.
Project: 210-214 Main Street
Heritage Capital Group is under renovations on this 1926, 10 story former Bank of America Building located in the heart of the downtown. The project will feature breathtaking views of the New York Skyline with units that feature large ceiling heights. The 210 Main Street building includes 92 apartments and approximately 3,500 sf of ground floor retail. The 214 Main Street building features 27 apartments and has a pedestrian skywalk connecting the two buildings at the amenity space level. with a 30 plus foot vaulted ceilings along with amenities for both 210 and 214 Main Street.
Current status: Construction is ongoing with progress being made daily. Completion of the buildings are scheduled for 2019.
Project: 17 Mercer Street
Alexander Anderson Real Estate Group negotiated the sale of 17 Mercer Street in Hackensack, as well as a $125,000 note on the neighboring property located at 21 Mercer Street for $1.4 million. Alexander Anderson represented both the private seller and the buyer, Minotaur Management, a Brooklyn, NY-based real estate developer and property manager. The transaction represents Minotaur’s first multifamily property investment in New Jersey; the firm plans to redevelop the former Hackensack property, which was built in the 1800’s, into an apartment building housing more than 30 loft-style apartment units. According to Eric Anderson, CEO of Alexander Anderson, “Minotaur Management saw the change that is already starting to take hold here in our revitalized downtown area and the enormous potential it offers area residents, visitors, merchants and restaurant owners, and real estate owners and managers alike.”
The 20,000 sf, four-story property sold for $1,275,000. It most recently served as a warehouse for a records storage company and features high ceilings, which lends itself to the development of apartment loft units. The seller also previously held a $125,000 note for 21 Mercer Street where a restaurant is currently located.
“We hope to realize the same kind of success in Hackensack that we had in redeveloping multifamily properties in the Bushwick section of Brooklyn just as that area began its renaissance. We already see some of the same trends and initiatives here, and we are very excited to be part of that kind of change once again,” explained Minotaur Management CEO Eli Davidovics.
Current status: Minotaur has met with city officials for a pre-application review. This first step is part of a streamlined process designed to identify planning issues prior to formal review by the Planning or Zoning Boards.
430 MAIN STREET – 40 UNIT MIXED USE PROJECT LOCATED AT THE CORNER OF MAIN AND ANDERSON STREET
50 MAIN STREET – 36 UNIT MIXED USE PROJECT LOCATED AT THE GREEN ON MAIN STREET
Project: 161 Main Street
This project involves the conversion of a pre-existing three-story office building into a mixed-use property featuring two retail units on the first floor and 12 apartments on the second and third floors, along with associated parking improvements on site. The handsome design and functionality harkens back to 19th century Hackensack but with all modern conveniences.
Current status: This project has recently been completed.
Project: 480 Main Street
This project is located on the site of the former Sears Appliance Store and is being redeveloped into an Aldi’s Supermarket. Designed to front on Main Street, the 17,000-s.f. building includes new streetscape, lighting and benches along the perimeter. Parking will be located on the side and rear of the property with new lighting, landscape and drainage improvements, and the building will anchor the north end of the Rehabilitation Zone. Building materials include glass, brick and stone.
Current status: Aldi’s is now open.
$1 Million Grant
Hackensack has received a $1 million grant from The North Jersey Transportation Planning Authority as part of the Transportation Alternatives Program, funded by the Federal Highway Administration. The funds will allow the city to beautify Main Street’s redevelopment zone between Sussex Street and Mercer Street. The initiative is expected to add nearly $1 billion in real estate value for the city.
Utility Box Painting
In collaboration with the Northern New Jersey Community Foundation, the Hackensack Main Street Business Alliance is helping to incorporate arts and culture into downtown Hackensack through “Creative Placemaking.” Specifically for this project, utility boxes along Main, Passaic and Union Streets in downtown Hackensack have been turned into works of art. In March, an open call for artists to paint the utility boxes attracted a great deal of attention, and artists chosen to participate each received $500 for their work. Each box featured an environmental theme and included the Clean Communities logo. The project ended on July 19, 2017.
Project: Bergen County Justice Center
A $140-million county government building in the heart of downtown Hackensack is now complete. RSC Architects, a Hackensack-based firm, worked with Bergen County to create the six-story, 130,000 sf building as the centerpiece of a six-year plan to modernize and upgrade the county’s justice center complex. The building now serves as the new home of the Bergen County Prosecutor’s Office, Sheriff’s Department, Surrogate Office and Tax Board. It is the first modern addition to the complex, which also includes an historic county jail and courthouse. (Photos courtesy of RSC Architects and Robert Faulkner Photography.)
Current status: Complete and open.