Real Estate Journal — Owners, Developers & Managers — May 25 - June 7, 2018 — 3B


M id A tlantic

O wners , D evelopers & M anagers

ackensack, NJ — The Hampshire Companies , together Designed by project architect, Minervini Vandermark TheHampshire Companies, NAI James E. Hanson, and Provident Bank celebrate groundbreaking H

thinking team of design profes- sionals to create a project we believe will be a best in class product in the area,” added Maximilian Dorne , director of development for Claremont Companies. “It has been a pleasure working with Hack- ensack’s administration from the inception of this project and their support has allowed us to work on something we believe is synonymous with the goals set forth in the Hackensack Redevelopment Plan.” William C. Hanson, SIOR , president of NAI James E. Hanson also added, “As a company that has been based

in downtown Hackensack for over sixty years, we are deeply honored to work with The Hampshire Companies and Claremont Companies to bring this meaningful and exciting project to life and contribute to the ongoing resurgence of Hackensack.” “It’s a great day for a ground- breaking and it’s a great day for Hackensack,” Hackensack Mayor Labrosse said. “As you walk the streets of our city, you can’t help but feel a little dif- ferent with all of the different redevelopment projects going on. There’s a great feeling of anticipation of going on.” 

with their joint venture part- ners, Claremont Companies , and NAI James E. Hanson, Inc. , and construction lender, Provident Bank , celebrated the groundbreaking for 389 Main, a 5-story, 119,000 s/f mixed-use project at 383-389 Main St. in Hackensack. Ex- ecutives from The Hampshire Companies, Claremont Com- panies, NAI James E. Hanson, Inc. and Provident Bank were joined by Hackensack Mayor John Labrosse, Deputy Mayor Kathy Canestrino, director of redevelopment Albert Dib and Councilwoman Stephanie Von Rudenborg to celebrate the of- ficial start of the project that will bring 82 residential units and 3,500 s/f of retail space to the city in the fall of 2019. Designed by project architect, Minervini Vandermark, 389 Main will be tailored to the needs of the modern apartment resident. This project is an integral piece of Hackensack’s Reha- bilitation Plan, a long-term redevelopment plan developed by city officials, local busi- ness leaders, and real estate professionals to attract smart, long-term growth to the city. The plan designated a 163-acre area of the city that encom- passed 389 properties in need of rehabilitation as a redevel- opment zone to attract real estate investments to the city across the retail, residential, office and mixed-use sectors. Through the leadership of Mayor Labrosse’s administra- tion and township officials, dozens of projects are currently underway or in the planning stages. Within the next five years, hundreds of millions of dollars in investment activ- ity will bring over 2,000 new housing units and thousands of square feet of new retail and hospitality space to the city. “We have long recognized that a municipal resurgence is only possible if the city’s lead- ership commits to a long-term and carefully planned out vi- sion,” said James E. Hanson II , president and CEO of The Hampshire Companies. “There is perhaps no city in New Jersey that has executed this vision more effectively than Hackensack behind the leader- ship of Mayor Labrosse’s team. Together with Claremont Com- panies, we look forward to

389 Main St., Hackensackrendering

working with his administra- tion to continue our long his- tory of successful investments in Hackensack and help bring about a resurgence of the city.”

“Claremont is excited about the opportunity to work with great partners like the Hamp- shire Companies, NAI James E. Hanson, Inc. and a forward-

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