Real Estate Journal — Industry Leaders — Owners, Developers & Managers — December 24 - January 14, 2016 — 15A


M id A tlantic

I ndustry L eaders

382-unit multifamily property an anchor for Main Street Redevelopment District Alkova’s Poskanzer Skott-designed high-rise takes shape in Hackensack, NJ


ACKENSACK, NJ — Construction has be- gun on Alkova Com-

standpoint, this type of semi- urban context – which calls for a strategic blend of traditional, walkable-city amenities and suburban conveniences – pro- vides us with an opportunity to be particularly creative.” Located on a repurposed 1.35-acre parcel that formerly housed seven buildings and a parking lot, the property will include a mix of studio, one- and two-bedroom residences, with amenities including a pool and rooftop garden, below- grade parking and 7,500 square feet of street-level retail space. Poskanzer noted that Hack-

ensack’s Main Street-anchored transformation, still in its in- fancy, stems from 2012 zoning changes intended to encourage redevelopment of high-rise resi- dential in a transit-oriented, pedestrian-friendly neighbor- hood. “The city has great po- tential, and Alkova is at the forefront of this revitalization.” The 150-170 Main St.project represents the first Poskanzer Skott partnership with the Edison, N.J.-based develop- ment group. “We are thrilled to be working with Alkova’s principals to turn their vision into reality, and to being part of

their success,” Poskanzer said. Poskanzer Skott has deep roots in the New Jersey multi- family market, having designed thousands of units in projects ranging fromurban luxury tow- ers to mid-rise neighborhood developments. The established, award-winning firm has broad experience in the entire design and planning process from concept to completion. In addi- tion to residential real estate, Poskanzer Skott’s work on be- half of public, private and non- profit clients spans the office, industrial, retail, education and health care sectors. n

panies' 150- 170 Main St. mu l t i f a m - ily tower in d o w n t o w n Hackensack. Designed by P o s k a n z e r S k o t t A r - ch i t e c t s o f

Barry Poskanzer

Landlord-client relationships remain strong with St. John Properties Baltimore County, MD — Edward St. John , chairman and founder of St. John Properties, Inc. , poses with representatives of five cli- ents who represent a combined 187 years of consecutive occu- pancy at Timonium Business Center, a 189,000 s/f R&D/ flex office building located at 2125-2240 Greenspring Dr. in Baltimore County. The companies include Kitchen Distributors of Maryland (cli- ent since 1973), Mx4 Electron- ics (1976), Carroll’s Carry Out (1979), Taylor Electric Supply Company (1980) and Tuxedo House (1980). TimoniumBusi- ness Center is located adjacent to Timonium Race Track, di- rectly off the Timonium Road exit of I-83. St. John Properties spot- lighted these companies in a recent ceremony that included a six-foot long cake represent- ing Timonium Business Cen- ter, complete with a replica of each client’s storefront. “Considering that the aver- age commercial real estate lease is approximately five years, seeing landlord-client relationships remain strong after 35 to 40 years or more is highly exceptional,” said Richard Williamson, senior vice president, leasing for St. John Properties. n “This property will be defined by attractive, bright, efficient- ly laid-out apartments with fabulous views of the Manhat- tan skyline and county court- house,” said Barry Poskan- zer, AIA. “From an architect’s Ridgewood, the 382-unit proj- ect – located in the heart of the 160-acre Redevelopment District is serving as a catalyst for the city's revitalization as an exciting place to live, shop and play.

150-170 Main St. rendering

Made with FlippingBook - Online catalogs