Of these, 9 are condo developments and 1 are apartment developments. The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies. The extensive development is funded by more than $1 billion in new real estate investment. Officials said they will go beyond their agreement with Fair Share Housing Center to provide ample affordable housing in the city. They join several other new residential buildings along Main Street, some with ground-floor retail space under apartments. There are 10 new home developments in Hackensack River Waterfront, Jersey City, all high-rise that are planned, under construction or recently completed. Find your new construction home in Hackensack, Hackensack. It happened in Hoboken. Our apartment homes are built with your comfort in mind. "Our apartments are full, and you'll find that's the case for many of the complexes going up around here.". Some of the upcoming developments were also built on locations that didn't pay any tax money before. Our office is located in Hackensack, the County Seat, making this Chamber the ideal location to support businesses and community interests throughout the county. Development Summary Report The annual Development Summary Report provides a comprehensive picture of development in Kelowna. (Exit ramp sign says Exit 63) Turn left off exit ramp and turn right at light onto Essex Street. Barstool Sports and Dave Portnoy review Lido Pizza in Hackensack NJ, Barstool CEO Dave Portnoy stops by Lido Pizza in Hackensack for a slice, Downtown Hackensack adopts a new, trendy nickname, Affordable housing plan sets aside 10% of new units in three downtown zones, COVID has forced a quarter of Hackensack's firefighters into quarantine, The name chosen by the Hackensack Main Street Alliance to market the downtown, Your California Privacy Rights/Privacy Policy. “By bringing together a diverse group of stakeholders in Hackensack in both the public and private sectors, we were able to develop a plan that gives our city the best chance to move forward with new development, new jobs, and new investment into our downtown,” stated City Manager Stephen Lo Iacono. And don’t forget to use our filtering tools to help narrow down the floor plan that’s right for you. They are: Other Work Group members have voiced concerns similar to Glover's. But resident Randy Glover said it's not all it appears. Find and track current developments in your neighbourhood by using the map on this page. The average household income for Hackensack's population of 44,528 is $70,000; that's higher than the national average, but significantly below the $94,000 average in neighboring Maywood. Hackensack University Medical Center is ranked #2 in New Jersey and ranked among the top 1 percent of all hospitals in the nation – continuing to set a high bar for New Jersey hospitals. Hackensack is projecting an increase of $7 million in annual tax revenue from the downtown developments. Find your new construction apartment for rent in Hackensack, Hackensack. "This is not a one-track 'I want affordable housing, I demand it, I'm going to get it.' For example, the largest current project, at 150 Main St., will pay $844,000 in property taxes when it opens next year. Hackensack became what is politely called “an area of unrest” from then until the end of the American Revolution. The most active developer in Hackensack is Hekemian. What attracted developers to Hackensack was targeted incentives, Mayor John Labrosse's administration said. Eberhard Westphal, (606) Berlin : Modern Motive Power Developments. Under the city's settlement, developers must set aside a minimum of 10% of new units for affordable housing in developments that would be built in more than a hundred acres of new "inclusionary zones.". The city will prioritize affordable housing units in three inclusionary zones along Hudson Street, Main Street, Johnson Avenue, Essex Street and Railroad Avenue, and is also in the process of amending its zoning to allow for higher housing density in those areas. As downtown developments begin opening, the Hackensack Work Group says the recent affordable housing settlement between the city and Fair Share Housing Center is pushing aside working-class, mainly minority communities and the process amounts to "21st-century redlining. The developer, which is based in Hackensack, is planning an Oct. 18 groundbreaking for what will be known as The Current on River. Of these, 3 are condo developments and 1 are apartment developments. This premium content is made possible because of your continued support of local journalism. Over the summer, the number of properties sold in Manhattan plummeted 56%, according to Miller Samuel Real Estate Appraisers & Consultants. Whether your budget is geared towards $1 or $98,500,000, it’s all available in Hackensack. However, under PILOT agreements — which require builders to pay a percentage of their revenue instead of traditional property taxes — rising developments still have to pay a significant amount in tax dollars to the city. Although many development projects will be completed by next year, downtown renovations will continue for an additional five to six years. The name chosen by the Hackensack Main Street Alliance to market the downtown to young professionals has been used for decades by Black and brown residents, she said. ", "The rents of those downtown apartments are higher than $1,950 — that's higher than a small mortgage; only the 1% can afford that," he said. Resident Bridgette Rucker said the inclusionary zones are systematic racism. Hackensack Housing Authority: The HHA would purchase and donate city-owned land for the project, but details about this proposal are unclear. HACKENSACK — The deafening noise of jackhammers, drills and construction vehicles has plagued the city's Main Street for nearly six years. "Not much has happened since they starting building those apartments six years ago. I haven't seen any new customers," Mirza said. For the time being, Hackensack's Main Street is still a mess. Isaiah McCall is a local reporter for NorthJersey.com. Meridia Living was one of the trailblazers for Hackensack development when it opened the Metro apartments at 1000 State St. five years ago. The most active developer in Hackensack River … The average household income in Hackensack is $67,188, 15% lower than the state average, according to the 2018 census. And quite honestly, I'm very proud that we accomplished this, and I'm very proud of the support of this entire council. Here's what we know. Studio rentals for downtown Hackensack apartments start around $1,700, and two-bedrooms can go up to $2,400. "We understand and we have responsible experts who have guided us through this. Browse floor plans and pricing for all new rental apartments and homes on BuzzBuzzHome. 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.". Today, there are more that 750 new residential units under construction, with another 750 units that will start construction in 2018 and more than 2,000 additional units planned for in the next 5 to 7 years. During his retreat from Fort Lee via New Bridge Landing, his HQ was in the center of town in a camp on the Green. By 2021, Hackensack … A city spokesperson responded to Glover's criticisms, saying he has a personal ax to grind and has been highly critical of the administration ever since his company, Randy G Music, was replaced last year as a vendor that produces the city's summer concert series. "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. At first light, turn right onto Prospect Avenue. It'll be like Hoboken, all right. As Hackensack sees a surge of construction downtown, developers must set aside 10% of new units for affordable housing in developments that would be constructed in … The Labrosse administration says it's committed to lowering property taxes for residents with the new revenue, even with increased costs for schools and infrastructure. "These developments are going to push out hardworking middle-class people," the person said. 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. Our commitment to supporting our employees means that they can support our communities to deliver best-in-class care. Thank you for subscribing. Note: This story has been updated to reflect that a Hackensack spokesperson responded to the Work Group's criticisms. I know people are worried right now with all this construction going on, but once it's done, it's going to benefit us all.". "Unfortunately, when we try to explain this to the Work Group, we didn't get 'We'll work with you on this.' Meridia on Main, at 240 Main St., opened last year and is one of the featured complexes. McCall noted “not all Hackensack residents are believers in downtown developments.” We take this to mean they fear being displaced by gentrification. Browse floor plans and pricing for all new home communities on BuzzBuzzHome. She added that the recent adoption of the downtown nickname "The Sack" is "cultural appropriation." 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. "They're pricing us out of town or forcing us to these new zones. Additionally, 19% of residents make less than $25,000 a year. "I know the City Council wants to see the town do better, but they went about it expeditiously.". "The Fair Share Housing agreement is full of smoke; it's garbage," he said. ". Glover said the inclusionary zones are a form of segregation. Miller Samuel Real Estate Appraisers & Consultants. Hackensack, Bergen County, NJ realtors are here to provide detailed information about any new listing and can provide detailed Hackensack, Bergen County, NJ demographic information. We will continue to make this a priority.". 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. Here's what we know, the city has settled with the Fair Share Housing Center, Your California Privacy Rights/Privacy Policy. 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. 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. Development along Main and River Streets. "They're trying to make Black people comfortable with slavery," he said. Developments in Design of Cold Rolling Mills, F. W. Fass, (476) Dinner and Dance, (556) Improvement of Ships' Plans, Dr.-Lug. Isaiah McCall is a local reporter for NorthJersey.com. The Hackensack Regional Chamber of Commerce was founded in 1933 and has been serving the community for over 70 years. 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. 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. For unlimited access to the most important news from your local community, please subscribe or activate your digital account today. "Rents also going up, so that means people are going to be pushed out. In addition, a public parking garage is coming to Midtown Bridge Street, and Main Street will be converted to two-way traffic. The city said the increased revenue from downtown developments will ultimately lower taxes. ", Fair Share Housing is the gold standard for affordable housing settlements in New Jersey. We're doing CPR and trying to revive this city.". From George Washington Bridge and East Follow Route 80 West, staying in local lanes, to Exit 64B. It also has complexes in Rahway, South Orange, Pompton Lakes and Little Ferry. To meet its obligations, the city is also weighing four projects, each with 60 rental units, all of which would be set aside as affordable housing. Pennrose is submitting a 9% tax credit application for 2021. Hackensack, NJ 07601. There's also the 210-214 Main apartments, which occupy the 1926, 10-story former Bank of America building in the heart of the downtown. Under PILOT agreements — which require developers to pay a percentage of their revenue instead of traditional property taxes — rising developments still have to pay tax dollars to the city. 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. "We know what our sweet spot is — 30-year-olds with an income of around $90,000," said Evan Swalling, a real estate developer at Meridia Living. For unlimited access to the most important news from your local community, please subscribe or activate your digital account today. 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. Glover added that the township was too lenient with the payment in lieu of tax agreements that were given to many downtown developers. City's affordable housing plan sets aside 10% of new units in three downtown zones, When can New Jersey voters expect local election results? Rainbow ABA. "Everyone used to come here, and the businesses were booming. The Labrosse administration stands by its commitment to affordable housing. As downtown developments begin opening, the Hackensack Work Group says the recent affordable housing settlement between the city and Fair Share Housing Center is … For more information, please contact: Albert Dib Director of Redevelopment (201) 646-3908 adib@hackensack.org _____ Opportunity Zones HACKENSACK — The deafening noise of jackhammers, drills and construction vehicles has plagued the city's Main Street for nearly six years. Additionally, the city has settled with the Fair Share Housing Center and says it plans to provide ample opportunities for affordable housing, including an entirely new complex dedicated to meet low-income needs. From Paterson Area and West Follow Route 80 East, staying in local lanes to Exit 63B for Rochelle Park and Paramus. We got political stuff. ", Mirza wasn't alone in his complaints. "Many of these projects were made possible with payment in lieu of tax agreements," or PILOTS. Hackensack has attracted more than $500 million in private investment in less than 10 years, providing an example for the revitalization ambitions of other communities. The transformation of Hackensack. It happened in Jersey City. Hackensack is redeveloping its aging downtown to attract new residents and businesses. Travel north on Polifly Road. Hackensack Meridian Health certified as a “Great Place to Work” Hackensack Meridian Health certified as a “Great Place to Work” Join our well-orchestrated teams, advance your skills and work in state-of-the-art facilities. Click on a city to check out the latest additions to the Hackensack, Bergen County, NJ housing market and quickly find your new home with photos, location details, and property features. There are 2 Hackensack, Bergen County, NJ new homes for sale with prices ranging from $319,000 to $849,000. "Hackensack is the capital of Bergen County, and it deserves better. We got 'We're coming after you in the election.' The downtown rentals are drawing middle- to upper-middle-class New Jerseyans and New Yorkers who want to live just outside the city and have bus and train access. 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. Discussions between the city and the Fair Share Housing Center were initiated five years ago when the city filed a lawsuit against itself with Fair Share to ensure that it met its low- and moderate-income unit obligations before the new developments were completed. F… Search new houses and new condos in Hackensack, Bergen County, NJ. Find your new construction home in Hackensack by browsing the map, or using the filters above. City officials say not one resident has been displaced by the downtown developments so far. Hackensack University Medical Center is on the right. The midrise apartment has a private library and is built on top of the newly opened Cap Diner. 1 of 3 He said they were well-intentioned but will ultimately raise taxes. And Meridia on Main generates $277,425 in annual tax revenue, on a property that previously paid zero, according to the city progress report. The Clark at Hackensack redefines your apartment experience by providing you with the best living situation in Hackensack, NJ and still being only minutes away from New York City. Turn right at light onto Polifly Road. The nickname ‘The Sack’ was chosen by the Hackensack Main Street Business Alliance as a way to promote the area, which is now home to 4,000 new apartments and a number of restaurants. Contact. The Brick is a premier fourteen story luxury residential high-rise boasting New York City style amenities in a neighborhood you will want to call home. Alexander Anderson Real Estate Group, which negotiated the property sale, announced that Waypoint Residential has acquired 437-439 Main St. and 445-451 Main St. for a combined $7.45 million. There are 4 new home developments in Hackensack, all high-rise that are planned, under construction or recently completed. Sign up for e-updates. It's official: Downtown Hackensack adopts a new, trendy nickname, Hackensack: Affordable housing plan sets aside 10% of new units in three downtown zones, Coronavirus: COVID has forced a quarter of Hackensack's firefighters into quarantine. This is 21st-century redlining.". Find your new construction home in Hackensack, NJ. Looking for Hackensack, Bergen County, NJ new listings? 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. By 2021, Hackensack will have added 3,500 modern apartment units in its downtown area. Over 232 homebuilders have together in the Hackensack, NJ to produce some 6,866 new construction floor plans. 2018 … Housing Authority of Bergen County: HABC proposed a project on Hudson Street, but due to the coronavirus pandemic, it's unlikely the housing authority would apply for a tax credit until at least 2021, according to the settlement. By Joshua Burd Hekemian & Co. Inc. is set to begin construction on a new 254-unit luxury apartment complex in Hackensack, marking the latest step in the sweeping effort to reinvent the city’s downtown. Thankfully, the end is near. There's no affordable housing being included in these downtown apartments," said Glover, a member of the Hackensack Work Group. ", "I can appreciate that two years ago the Work Group was looking into this, but to be quite honest with you, this was done five years ago," Labrosse said, addressing the group at a recent City Council meeting. The report provides a summary of residential, commercial, industrial and institutional development, as measured by building permit issuances. "Affordable housing protects the working class, and Hackensack is a working-class town. "We're reducing administrative red tape and updating our zoning rules to encourage more walkable, mixed-use development along Main Street," Deputy Mayor Kathleen Canestrino said in a progress report. Browse floor plans and pricing for all new home communities on BuzzBuzzHome. More... - , , Behavior Technician. The manager of Hackensack Beauty store on Main Street, Shay Mirza, has waited six years to see the results of the construction. PropertyShark has 1 new listings in the Hackensack, Bergen County, NJ area with prices between $849,000 and $849,000. It doesn't work that way, unfortunately. But he says if anything, business has gotten worse. "They're trying to make happy slaves. At second light, turn left onto Essex Street. "Hackensack wasn't always this way," said Eddie Santana, owner of ES Body Fitness Gym on Main Street. “These baseless and incendiary attacks against the city’s good faith efforts to build hundreds of new affordable housing units are presented without a shred of data or evidence to back them up and they reek of political posturing ahead of next year’s City Council election," Phil Swibinski said in an emailed statement. Thankfully, the end is near. 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. Arena Diner Project: Hampshire Properties expressed interest in providing affordable housing at 250 Essex St. More Hackensack news: City's affordable housing plan sets aside 10% of new units in three downtown zones, Election 2020: When can New Jersey voters expect local election results? "This will be the next Hoboken," retail broker Justin Kang said as he stood in front of a burned-down Main Street property planned for redevelopment. Also, Washington slept here. The luxury apartments will stand in contrast to much of the city's current housing, a mix of single-family homes, modest low-rise apartments and high-rises built around the 1970s. Not all Hackensack residents are believers in downtown developments. A developer is set to build 235 new luxury apartments in Hackensack after closing on two properties in the city’s downtown. $15 - $25 an hour. Now a group of mostly Black residents say it's happening in Hackensack. Use our filtering tools to help narrow down the floor plan that ’ s.! With your comfort in mind have guided us through this Midtown Bridge Street, Shay Mirza, waited! Be converted to two-way traffic between $ 849,000 a form of segregation push out hardworking middle-class people, '' person... Push out hardworking middle-class people, '' he said make less than $ or... 319,000 to $ 2,400 condo developments and 1 are apartment developments n't always this way, '' said Glover a! Average, according to Miller Samuel real estate Appraisers & Consultants that the adoption! Glover, a public parking garage is coming to Midtown Bridge Street and! Be converted to two-way traffic on Main Street for nearly six years filtering tools help! 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