Real Estate Journal — New Jersey — September 11 - 24, 2015 — 11B
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M id A tlantic
N orthern N ew J ersey Commuting convenience, lifestyle draw renters of all ages to apartment community Alfred Sanzari’s The Ivanhoe in Hackensack attracts a diverse tenant mix H ACKENSACK, NJ — The multifamily prop- erty sector is surg- in Hackensack, owned and managed by Alfred Sanzari Enterprises – continues to buck that trend. chairs for playing cards and games, a book exchange, a small refrigerator and a com- munity bulletin board.
gen County address – near public transportation and Hackensack University Medi- cal Center – along with abun- dant on-site amenities add to its appeal, according to Tinen. The Ivanhoe features an Olympic-sized outdoor pool, a fitness center, a sauna, se- cure card access to the building and underground parking lot, and 24-hour concierge service. The Ivanhoe’s new business/ multipurpose room includes a multifunction printer with copy/scan/fax capabilities, comfortable seating, a flat- screen television, table and
ing in New Jersey, and most apartment complexes tend to be defined by a specific cat- egory of renter. The Ivanhoe – a luxury rental community
Located at 130 Overlook Ave., The Ivanhoe offers spacious studio, junior one- bedroom, and one- and two- bedroom apartments ranging from 450 to 1,230 s/f. Apart- ments are appointed with ev- ery modern luxury, including decorator-designed kitchens and bathrooms, granite coun- tertops, individually controlled HVAC and large closets. There are balconies and laundry fa- cilities on every floor. n
“Multifamily living offers many benefits, including flex- ibility, affordability and conve- nience,” said Victoria Tinen , Alfred Sanzari Enterprises’ residential property manager. “What makes The Ivanhoe so unique is the fact that there is no ‘typical’ renter. Our tenants span every demographic type, from young singles and work- ing couples to families with children and empty-nesters.” The Ivanhoe’s premier Ber-
Hackensack redev. update
HACKENSACK, NJ —The City of Hackensack is moving forward with ambitious revi- talization efforts throughout Hackensack’s downtown. The Main Street Business Alli- ance continues to fully sup- port the city’s leadership as the work progresses. Below is a project-by-project update. Redevelopment Projects: •100 State St.: The 222-unit Metro Meridia project is near- ing completion. Leasing offices will be open soon. •150-170 Main St.: Demoli- tion of the site is now com- plete. Construction of the 382- unit, mixed-used development project will commence in the coming weeks. •240 Main St.: In August, the City adopted a Redevelop- ment Plan for 240 Main St. to allow for up to 110 residential units and 3,000 s/f of retail on Main St.. •133 River St.: In August, the City adopted a redevel- opment plan for the former Probation Site to permit the expansion of the NJ Transit Regional Bus Terminal on the lower level, public parking and between 90 and 148 residen- tial units. •210 Main St.: The develop- er for 210Main St. is finalizing their architectural drawings to convert the former UJB building into 98 apartments with amenities and 3,300 s/f of retail within the former bank lobby. •Two Way Street Conver- sion Project: The conversion of Main Street back to two-way continues to move forward with the City Council and New Jersey Transit officials meeting in July to discuss re- routing bus locations. •Adaptive Signalization Grant: As a part of the two way street project, the City and County jointly submitted and was awarded funds for updating signals within the downtown that will offset the cost of the conversion. A sched- ule for construction has not yet been determined. n
The Ivanhoe
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