Russo-led partnership announces 20-acre project is underway in Hackensack

By Emily Bader
Hackensack | Jul 15, 2020 at 12:29 pm

A 20-acre “Riverfront District” is underway in Hackensack, according to a partnership between Russo Development, The Hampshire Companies and Fourth Edition Inc.

Plans for the former site of The Record newspaper at 150 River St. include transforming it into pedestrian-friendly parks connecting Hackensack’s Main Street residential, retail and office area with the waterfront. Plans also include 30,000 square feet of commercial and retail space.

The foundation for Print House, a 653-unit luxury mixed-use apartment community, was recently laid out, the partnership said. The first phase will include 271 studio, one- and two-bedroom rental homes along with spa-like amenities such as a pool, sun deck, rooftop lounge, fitness center, yoga studio, clubroom, a bar area, fireplace and dining seating, conference rooms and a private dog park.

“We’ve been building our residential portfolio in municipalities with deep histories of commerce at properties that can fulfill its need for a residential option that appeals to today’s renter,” Ed Russo, CEO of Russo Development, said. “Frenetic leasing activity at our other communities speak to renters’ quest for homes that satisfy their need for luxury, safety and convenience for work and travel without having to make any compromises.”

Homes will be spacious and have high end flooring, nine-foot ceilings, big closets, gourmet kitchens, and more.

“There is no other place with a history that is so intertwined with ours in quite the same way as Hackensack,” said John Durso, Head of Development for The Hampshire Companies. “We have been bringing transformative real estate projects to life across the city for over a hundred years and are honored to be able to play such a large role in the city’s next chapter. We are confident that this project will not only be a point of pride for the city but the new residents and businesses that will call it home in the years to come.”

At full build-out Print House by Vermella will include 653 rental homes.

Emily Bader | ebader@roi-nj.com | @emilybader