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Downtown Hackensack Redevelopment Site Will Yield Multifamily

NAI James E. Hanson arranged the sale of a redevelopment site located at 75, 77 and 81 Linden Stt. as well as 80 and 84 Vanderbeck Pl. in Hackensack, NJ. The firm’s VP Anthony Cassano represented both the seller, the estate of Donald Gonzalez, and the buyer, M&M Development, LLC.

The five adjacent lots span 30,800 square feet and are located within Hackensack’s Downtown Rehabilitation Zone near the NJ Transit Anderson Street train station. The site is currently zoned for medium-density multifamily and offices; the new owner plans to redevelop it into a residential community.

In addition to the sale of the five-property site, Cassano recently negotiated the sale of a nearby redevelopment site at 107 and 109 Anderson St. that was recently approved for 234 residential units and ground-floor retail.

“When a town truly commits to a redevelopment plan like Hackensack has, it’s impressive to witness all that can be accomplished,” said Cassano.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
  • ◦Development
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