Four Hackensack properties to be converted into 60K sq. ft. mixed-use development

Four adjacent properties in Hackensack have been sold, with plans for a mixed-use project on the site, according to real estate firm NAI James E. Hanson.

The properties are located at 89, 93, 95 and 107-109 Anderson St., and were purchased by Anderson Street Urban Renewal LLC, an affiliate of McGowan Builders. They are located in one of Hackensack’s Opportunity Zones and its Downtown Rehabilitation Zone. McGowan Builders has approval for the four lots to be assembled into one property, which will become a 60,000-square-foot building with 224 residential apartments and approximately 4,000 square feet of ground-floor retail.

NAI Hanson’s Anthony Cassano, vice president, represented the buyer and undisclosed sellers in the transaction.

“The sale and proposed redevelopment of this space is just one of the many projects happening throughout Hackensack right now,” he said in a prepared statement. “Hackensack is in the midst of an exciting renaissance that has already seen over 3,500 modern apartment units built, and thousands of square feet of retail space added. Bergen County’s capital is on the rise, and we are pleased to be able to leverage our knowledge and expertise of the northern New Jersey market to help move this project forward and drive continued investment in Hackensack’s revival.”