By 2021, Hackensack … The city said the increased revenue from downtown developments will ultimately lower taxes. The city is in the midst of a massive redevelopment of its downtown that will bring $1 billion in real estate investment and luxury apartments. The manager of Hackensack Beauty store on Main Street, Shay Mirza, has waited six years to see the results of the construction. Thankfully, the end is near. HACKENSACK — The deafening noise of jackhammers, drills and construction vehicles has plagued the city's Main Street for nearly six years. This is 21st-century redlining.". Studio rentals for downtown Hackensack apartments start around $1,700, and two-bedrooms can go up to $2,400. McCall noted “not all Hackensack residents are believers in downtown developments.” We take this to mean they fear being displaced by gentrification. The luxury apartments boast exclusive amenities like a pet grooming spa, yoga studios and, at 150 Main, a courtyard terrace featuring a luxury outdoor pool and an open-air cinema. Mayor John Labrosse said the city was concerned with providing affordable housing long before the Work Group was created and added that the Work Group's claims "aren't factual. Not all Hackensack residents are believers in downtown developments. This is a necessity as vacant or underutilized properties have become a burden on City services and resulted in years of devastating tax appeal judgments and diminishing property values. At second light, turn left onto Essex Street. 2018 … Search new houses and new condos in Hackensack, Bergen County, NJ. Hackensack is currently in the midst of a massive redevelopment of its downtown and other areas near Main Street, with an estimated $1 billion in new real estate value either built or under construction. Isaiah McCall is a local reporter for NorthJersey.com. From $ 1,206,995; From 3008 sq ft; 4; 2–4; 1–2; 2; An exclusive enclave of only 12 new luxury homes in Ho-Ho-Kus Borough, conveniently located 1/2 mile from Route 17 and 1-1/2 miles from commuter train service to New York City. "We understand and we have responsible experts who have guided us through this. "Many of these projects were made possible with payment in lieu of tax agreements," or PILOTS. By 2021, Hackensack will have added 3,500 modern apartment units in its downtown area. We got 'We're coming after you in the election.' Our commitment to supporting our employees means that they can support our communities to deliver best-in-class care. "As many as we can develop in this city that makes sense, that's what we pledged and will continue to pledge," Deputy Mayor Kathleen Canestrino said at a recent council meeting. Browse floor plans and pricing for all new home communities on BuzzBuzzHome. It'll be like Hoboken, all right. Hackensack; New York City; Palm Beach; Rochester; Saratoga Springs; Toronto; Firm Administration; Recruiting Contacts; Press Contact; Email & Other Communications Consent; Client Hub; Pay My Bill; Louis Sullivan's Guaranty Building: A crowning masterpiece in original skyscrapers. A Hackensack resident who wished to be unnamed said, "These people moving into those apartments aren't going to shop at Hackensack local businesses; they're going to go to The Shops at Riverside and spend their money there.". The midrise apartment has a private library and is built on top of the newly opened Cap Diner. And Meridia on Main generates $277,425 in annual tax revenue, on a property that previously paid zero, according to the city progress report. "Affordable housing protects the working class, and Hackensack is a working-class town. During his retreat from Fort Lee via New Bridge Landing, his HQ was in the center of town in a camp on the Green. Hackensack University Medical Center is on the right. Contact. The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies. For unlimited access to the most important news from your local community, please subscribe or activate your digital account today. Isaiah McCall is a local reporter for NorthJersey.com. The developer, which is based in Hackensack, is planning an Oct. 18 groundbreaking for what will be known as The Current on River. Hackensack is redeveloping its aging downtown to attract new residents and businesses. At first light, turn right onto Prospect Avenue. There are 10 new home developments in Hackensack River Waterfront, Jersey City, all high-rise that are planned, under construction or recently completed. They join several other new residential buildings along Main Street, some with ground-floor retail space under apartments. There's no affordable housing being included in these downtown apartments," said Glover, a member of the Hackensack Work Group. HACKENSACK — The deafening noise of jackhammers, drills and construction vehicles has plagued the city's Main Street for nearly six years. I haven't seen any new customers," Mirza said. Arena Diner Project: Hampshire Properties expressed interest in providing affordable housing at 250 Essex St. Development along Main and River Streets. The settlement with the Fair Share Housing Center calls for hundreds of new affordable-housing units to be built in coming years, including 10% of new construction in a 108-acre zone and a 100% affordable building at the former site of the Arena Diner, not far from the downtown. But many residents remain optimistic that new developments will stimulate the economy and return Hackensack to its former glory as the jewel of Bergen County. There are 2 Hackensack, Bergen County, NJ new homes for sale with prices ranging from $319,000 to $849,000. In addition, a public parking garage is coming to Midtown Bridge Street, and Main Street will be converted to two-way traffic. Find and track current developments in your neighbourhood by using the map on this page. "Rents also going up, so that means people are going to be pushed out. The inclusionary zone locations were specifically chosen because of their proximity to public transportation, schools, stores and government buildings, said Nancy Holm, affordable housing counsel for the city of Hackensack. The Enburg Group proudly introduces The Brick at 150-170 Main Street in the heart of Hackensack’s exciting revitalized downtown known as The Sack. 251 West Railroad Ave. Family Apartments: Bergen Community Action partnered with Pennrose on a 42-unit rental project and intends to increase it to 60 units. Miller Samuel Real Estate Appraisers & Consultants. We got political stuff. ", Fair Share Housing is the gold standard for affordable housing settlements in New Jersey. ". 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