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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.
- ◦Sale/Acquisition
- ◦Development
