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Hackensack Discussion / New Grocery Store Coming To Hackensack
« on: September 14, 2023, 05:23:40 PM »
from NorthJersey.com
HACKENSACK — A 3,500-square-foot grocery store is set to open on Main Street this fall.
Maharaja Hypermarket signed a lease for the space at 389 Main St., the ground floor of Crossroads 389, a five-story, 82-unit apartment building that opened to tenants earlier this year.
“This is a retail component that will definitely be compatible with the neighborhood and will be an adjunct to all the apartments going up,” said Anthony Cassano of NAI James E. Hanson, the commercial real estate firm that negotiated the lease. “People won’t have to drive. On their way home they can stop at the grocery store to pick up dinner and walk to their apartment."
Hundreds of new apartment units have recently been built or are under construction or planned near the building, which sits in the center of Hackensack’s downtown, on Main Street between Passaic and Ward streets.
Maharaja Hypermarket will be a full-service grocery store, Cassano said. The company has previously served as a wholesale supplier for other grocery stores, he said.
“This will help apartment building tenants wanting to avail themselves of its services, and it helps the city have fewer car trips and less congestion” by contributing to a more walkable downtown, he said. “I think it adds a needed component to the redevelopment in the area.”
Cassano, a vice president of the firm, represented the landlord, Sonehan Clinton Court Urban Renewal LLC, and the tenant, Primwayone LLC, in the deal.
There is no opening date set, but Cassano said the business hopes it will be within the next two months.
The Hampshire Companies, which constructed the mixed-use building in a joint venture with Cannon Hill, is currently building a 270-unit development at 321 Main St. that will be complete next year, and it is expected to begin construction of a 40-unit building at 295 Main St. later this year.
The company is also working with Russo Development on building the Print House, a riverfront development at the former headquarters of The Record that will eventually feature 653 units and 40,000 square feet of retail space spread across five buildings when construction is complete.
HACKENSACK — A 3,500-square-foot grocery store is set to open on Main Street this fall.
Maharaja Hypermarket signed a lease for the space at 389 Main St., the ground floor of Crossroads 389, a five-story, 82-unit apartment building that opened to tenants earlier this year.
“This is a retail component that will definitely be compatible with the neighborhood and will be an adjunct to all the apartments going up,” said Anthony Cassano of NAI James E. Hanson, the commercial real estate firm that negotiated the lease. “People won’t have to drive. On their way home they can stop at the grocery store to pick up dinner and walk to their apartment."
Hundreds of new apartment units have recently been built or are under construction or planned near the building, which sits in the center of Hackensack’s downtown, on Main Street between Passaic and Ward streets.
Maharaja Hypermarket will be a full-service grocery store, Cassano said. The company has previously served as a wholesale supplier for other grocery stores, he said.
“This will help apartment building tenants wanting to avail themselves of its services, and it helps the city have fewer car trips and less congestion” by contributing to a more walkable downtown, he said. “I think it adds a needed component to the redevelopment in the area.”
Cassano, a vice president of the firm, represented the landlord, Sonehan Clinton Court Urban Renewal LLC, and the tenant, Primwayone LLC, in the deal.
There is no opening date set, but Cassano said the business hopes it will be within the next two months.
The Hampshire Companies, which constructed the mixed-use building in a joint venture with Cannon Hill, is currently building a 270-unit development at 321 Main St. that will be complete next year, and it is expected to begin construction of a 40-unit building at 295 Main St. later this year.
The company is also working with Russo Development on building the Print House, a riverfront development at the former headquarters of The Record that will eventually feature 653 units and 40,000 square feet of retail space spread across five buildings when construction is complete.