Joint Venture Breaks Ground on 119,000 SF Mixed-Use Project in Hackensack
HACKENSACK, N.J. — The Hampshire Companies, along with joint venture partners Claremont Cos., NAI James E. Hanson and construction lender Provident Bank, have broken ground on a 119,000-square-foot mixed-use project in Hackensack at 383-389 Main St. The five-story building will consist of 82 residential units and feature 3,500 square feet of retail space. The target date for completion is fall 2019. Amenities will include a gym, indoor lounge areas, public outdoor terrace and bicycle storage. Designed by architect Minervini Vandermark, the project will be known as 389 Main. The project is part of Hackensack’s Rehabilitation Plan, a long-term redevelopment plan developed by city officials, local business leaders and real estate professionals. The plan designated a 163-acre area of the city that encompasses 389 properties in need of rehabilitation as a redevelopment zone to attract real estate investment to the city across the retail, residential, office and mixed-use sectors.