Author Topic: Hackensack Real Estate News Thread  (Read 20095 times)

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Re: Hackensack Real Estate News Thread
« Reply #15 on: November 19, 2006, 10:21:05 AM »
« Last Edit: January 08, 2007, 12:34:11 PM by Editor »

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Re: Hackensack Real Estate News Thread
« Reply #16 on: January 08, 2007, 12:33:43 PM »
Latest story: More densely developed housing can address state's ills

New Jersey has the nation's highest population density, which at 1,134 people per square mile is 14 times the national average. New Jersey's population density is higher than that of India (869 people per square mile) or Japan (876 people per square mile.)

Thus it is an irony that the solution to many of the problems plaguing our state long commutes, inadequate mass transit, lack of affordable housing and the nation's highest property taxes is more density. How is this possible?


ericmartindale

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Re: Hackensack Real Estate News Thread
« Reply #17 on: January 11, 2007, 12:13:56 AM »
Here's what's new:

(1) Developers are proposing a Staples on the SW corner of South River Street and Moonachie Road.  This will replace severely blighted truck yards, auto body shops, and other ugly and disfunctional buildings. Sounds great, right ? Not so fast.  It's part of a larger area declared blighted and in need of redevelopment by the City of Hackensack.  If this development goes through, it makes redevelopment of other blighted lots less likely. 

(2) Alan Party Rental (Second and James Streets) was recently torn down and the property regraded.  17 townhouses will be built very soon by Mercury Rising. Basically they broke ground. Mercury Rising just completed 8 or 9 townhouses at Berry and Union Street.  The driveways are a lot closer together than envisioned, there's not enough landscaping.

(3) There was a fire today at the abandoned Salvation Army, started by a homeless man who wound up severely burned.  Looks like the building will be torn down, and redeveloped.  Probably about 25-30 condos will fit there.

(4) Ground has NOT been broken yet on several major luxury developments.  Specifically the 90 unit 8-story luxury building at 94 State Street is still in limbo. Tenants have moved out and the space is vacant, that's all that is happening.  As for the 97 townhouse units at River and Berry Streets, no news is bad news.  Not sure when ground is breaking for the Linden Street project either, but Daibes definately intends to build.

(5) The lawsuit against Anchorage Cove was DROPPED on 1/10, says Mayor Sasso.  There's still a little fuss over the vacation of Water Street, but those 80 +/- units will be built.  Environmental remediation contiinues, and the new owner strongly intends to build. Trobiano got the permits, then flipped the property.

(6) There was strong opposition from merchants and property owners over the city's redevelopment plan for lower Main Street (Atlantic Street to The Green, and Main to Moore).  Hearings to continue.

(7) Not sure when the Cancer Center will break ground

(8 ) Yesterday's Record had a story about how the office market in NYC is red hot and increasing at unprecedented rates.  This means the office market will heat up in Bergen County in a few years.  We're always a few years behind Manhattan. In the mid-90's, residential rents and condo prices were skyrocketing there, and that trend soon followed to Bergen County.

(9) Nearing completion is the luxury building on Polifly Road called The Ambiance.  Now I realize there is one down-side to luxury development, it makes everything else look like crap, including the Nursing home next store that is less than 20 years old.

(10) Another issue gone quiet is the relocation of the County Police from Zabriskie Street to East Broadway. The County broke ground on the 100-bed homeless shelter, but the police project is coming along slower. 

(11) The City finished it's Pathway in Johnson Park, but the County hasn't broke ground yet on the Hackensack River Pathway from Hackensack River County Park South through the FDU campus.  They keep promising to do it, and never break ground. They had even put it out to bid and supposedly selected a contractor.  Meanwhile, volunteers have re-opened a rough pathway under Route 4, for the first time in 12 years.  It's rough, but passable for pedestrians. Keeping it from growing over will be a task, let's see how long it stays open. The Pathway is envisioned to increase property values along the river, and spur redevelopment.
« Last Edit: January 11, 2007, 08:49:35 AM by Editor »

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Re: Hackensack Real Estate News Thread
« Reply #18 on: January 28, 2007, 10:03:23 AM »

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Re: Hackensack Real Estate News Thread
« Reply #19 on: February 13, 2007, 09:07:58 AM »

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Re: Hackensack Real Estate News Thread
« Reply #20 on: April 08, 2007, 10:02:04 AM »

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Re: Hackensack Real Estate News Thread
« Reply #22 on: May 10, 2007, 09:01:24 AM »

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Re: Hackensack Real Estate News Thread
« Reply #23 on: May 30, 2007, 08:30:26 AM »

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Re: Hackensack Real Estate News Thread
« Reply #24 on: June 07, 2007, 08:19:39 AM »
Latest story:  Is riverfront a gold mine for housing?

"Developers are very interested in the waterfront,'' said Joseph Mellone, the city's construction official. "It's not the Gold Coast, but maybe it's the silver coast. They love the waterfront property and they like Hackensack."

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Re: Hackensack Real Estate News Thread
« Reply #25 on: June 17, 2007, 07:39:04 PM »
Latest story:  Real estate firms pour resources into hot sector

With sales of office space sluggish, some commercial real estate firms are setting their sites on an area showing solid and stable growth in New Jersey: industrial real estate.

In the past 12 months, strong momentum in the New York City-northern New Jersey region has boosted the area five places in Marcus & Millichap's annual National Industrial Index to No. 5, making it one of the hottest regions in the nation.

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Re: Hackensack Real Estate News Thread
« Reply #26 on: June 21, 2007, 09:33:46 AM »

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« Last Edit: July 01, 2007, 09:11:36 AM by Editor »

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Re: Hackensack Real Estate News Thread
« Reply #28 on: July 12, 2007, 08:04:04 AM »

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Re: Hackensack Real Estate News Thread
« Reply #29 on: July 15, 2007, 11:28:08 AM »

 

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