The Hampshire Companies, NAI James E. Hanson, and Provident Bank celebrate groundbreaking
Hackensack, NJ — The Hampshire Companies, together with their joint venture partners, 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. Executives from The Hampshire Companies, Claremont Companies, 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 official 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 Rehabilitation Plan, a long-term redevelopment plan developed by city officials, local business 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 encompassed 389 properties in need of rehabilitation as a redevelopment 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 administration 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 activity will bring over 2,000 new housing units and thousands of square feet of new retail and hospitality space to the city.