NAI James E. Hanson recently announced the sale of a redevelopment site in Hackensack. The site consists of five lots on Vanderbeck Place and Linden Street will be home to a new residential development. Anthony Cassano, Vice President of NAI James E. Hanson completed the sale, representing both the seller Donald Gonzalez and the buyer M&M Development, LLC.
The new residential community will cover the 30,800 square feet of recently purchased lots. The lots are located in Hackensack’s Downtown Rehabilitation Zone and are located near N.J. Transit’s Anderson Street train station.
Cassano also negotiated the sale of another redevelopment site on Anderson Street in Hackensack. That site was approved for 234 residential units along with ground-floor retail space.
These new spaces come as Hackensack adds 4,000 planned or completed residential units, along with retail and community spaces.
“When a town truly commits to a redevelopment plan like Hackensack has, it’s impressive to witness all that can be accomplished,” said Cassano. “Through the addition of premier residential complexes, bountiful retail offerings as well as spacious parks and plazas, Hackensack is establishing itself as a leading place to live in northern New Jersey. I’m honored to play a role in its redevelopment, and I look forward to seeing this latest investment come to fruition.”
Hackensack has aimed to make a resurgence that has come to fruition over the past several years as the city tries to become a destination for residents and businesses.
NAI James E. Hanson is a commercial real estate firm that focuses on the Northern New Jersey and Southern New York areas. Founded by James E. Hanson in 1955 as James E. Hanson & Company, the firm joined the NAI Network in 1982. NAI Hanson currently employs over 70 people and is led by Chairman Peter Hanson and President Bill Hanson.
