The developer is Daibes Construction, located in Edgewater. They built most of Edgewater, and this is the first of what will be many projects in Hackensack. Edgewater is just about all built up, so Fred Daibes has directed one of his trusted senior employees, Shergoh Alkilani, to hunt for properties in Hackensack.
There aren't too many communities in Northern New Jersey that allow High-rise residential buildings, and most of those that do allow them are depressed urban areas where the buyers don't want to live. For instance, Paterson and Newark. Really the only game out there is Hackensack, Montclair, and the Hudson County waterfront. And what little left that Ft. Lee will allow to be built. All of downtown Hackensack and adjacent State Street, and parts of the riverfront allow these buildings. They haven't been built, but a few have been approved, only to fall victim to economic downturns.
I've seen some of the high-rises Daibes has built on Gorge Road in Edgewater, it is equivalent in quality to the Excelsior, or possibly a bit more upscale.
This is a developer that can really make a difference here in Hackensack.