The Hanson family, among North Jersey’s commercial real estate dynasties, has deep roots in Hackensack, NJ. Now several of its companies are teaming up to be part of the resurgence of the city’s beleaguered downtown.
” For us, we have actually been in Hackensack for a long period of time … and this is our very first project in what I describe as the renewal of Hackensack,” said Jon F. Hanson, chairman of Hampshire Cos.
. On Thursday, Morristown, NJ-based Hampshire Cos. and NAI James E. Hanson of Hackensack, NJ – in addition to joint venture partner Claremont Cos. of Far Hills, NJ – held a groundbreaking ceremony at 383-389 Main St., the website of the luxury, 82-unit apartment building they are developing.
The mixed-use task, called 389 Main, is arranged to be completed in fall 2019. It will be 5 stories tall and step 119,000 square feet, which includes 3,500 square feet of ground-floor retail space.
The task is the most recent addition to a flurry of redevelopments being carried out in Hackensack, the county seat of Bergen County in the northeast corner of New Jersey, all meant to produce a resurgence of its downtown. Like others in the Garden State, Hackensack’s downtown suffered and decreased over the years as mall and rural developments opened and drew away consumers.
The city has actually prepared a long-lasting rehab plan for a designated location with 163 acres that consists of 389 residential or commercial properties, according to a news release on the 389 Main job. As part of that city initiative, dozens of redevelopment tasks are underway or being prepared in Hackensack, targeted at adding more than 2,000 property systems, as well as retail and hospitality usages.
Jon F. Hanson, who last weekend was inducted into New Jersey’s Hall of Fame, is not only a designer but likewise an ex-chairman of the New Jersey Sports & & Exposition Authority and a former consultant to numerous New Jersey guvs.
And simply hours after the groundbreaking on Thursday, Hanson was granted NAIOP New Jersey’s Life time Achievement Award at the group’s annual gala in Somerset, NJ.
Delegated right: William Hanson, president of NAI James E. Hanson; Hampshire Cos. president and CEO James E. Hanson II; Hackensack Mayor John Labrosse; Hampshire Chairman Jon F. Hanson; and Maximillian Dorne, director of development for Claremont Cos., at Thursday’s groundbreaking.At the groundbreaking, he described the Hanson’s ties to Hackensack, saying that his dad James E. Hanson, then only a few months old, and household relocated to the city in 1905.” He had his formative years here,” Hanson said of his dad, who finished from Hackensack High School. In the late 1970s, Jon F. Hanson and his
2 siblings, Peter and Donald, carved up the family real estate service to produce three different companies. Jon F. Hanson took Hampshire Cos., which he had established, while Peter Hanson went with exactly what is now NAI James E. Hanson and Donald Hanson formed Roebling Financial investment Co. Participants at Thursday
‘s occasion consisted of a number of Hackensack officials and executives from construction lender Provident Bank, who were greeted by a deep, triangular excavation at the website, which is on a corner lot. Hackensack Mayor John Labrosse
, whose administration has led the redevelopment effort, said that the City Planning Board on Wednesday night approved an application for a” cutting edge, state-of-the-art rock-climbing wall” at 77 River St.” Projects like this are coming here because people are
enjoying exactly what’s going on in our city,” Labrosse said. The Main Street apartment building is Claremont’s first task in
Hackensack, inning accordance with Maximillian Dorne, the company’s director of development.” From an aesthetic viewpoint, it’s something that’s extremely unique
,” Dorne said.” It’s an oddly shaped website. It’s not a typical box. It’s almost triangular, nearly V-shaped. So you’ve got an interior courtyard, second-story outside feature deck, which will be really good. More and more we’re seeing the value of features … And with our location being so far north, having this be a true sort of entrance task into town. “The residential or commercial property, once the home of a 13,500-square-foot office
building going back to 1945, was formerly entirely owned by Sonehan LLC, a Hanson family entity that held the site for” several generations,” according to journalism release. Linda Moss, Northern New Jersey Market Press Reporter CoStar Group.