the staff of the Ridgewood blog
Hackensack NJ, plans for a 110-unit, mixed-use apartment building at the corner of Main and Passaic streets are moving forward after the sale of two properties in the heart of downtown Hackensack. Last January the city Planning Board approved site plans for the project at 359 and 375 Main St., which currently house a vacant bank building and a multi-tenant office building. The Greater Alliance Federal Credit Union had vacated the property for its new Hackensack location on Hudson Street in 2021.
The 1-acre parcel was sold to Union City-based Legacy Development Group, which intends to move forward with plans for apartments at the site, with several small changes. The approved plans call for 110 apartments with 156 on-site parking spaces and 4,600 square feet of retail space.
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It seems that everyplace in Bergen county there are new apartment complexes being built.
Where are all these new residents coming from?
It’s a mixed bag. Retirees are looking to downsize and get some equity from the sale of their houses. Also, the new breed of young professionals are not interested in traditional suburban living and like the convenience of apartment living.
New Yorkers whose rents average rent is 2,500 – 3,000 a month. All these apartments are between 1,800 – 2,500 a month and their brand new with amenities and schools are better.
South of the border!