Facebook Twitter LinkedIn Google Plus RSS

Sanzari plans 342,000-square-foot Teaneck office building

By

Hackensack-based commercial developer Sanzari announced Thursday it is seeking approval to build a 342,000-square-foot, 14-story office building at the Glenpoint Centre in Teaneck.

Sanzari is already approved for an eight-story building, but a representative of the company is asking the town council for additional space. The added space could result in a $1.7 million tax boom for the town, according to The Record.

According to the report, Teaneck officials are encouraging a revenue boost through development instead of a tax hike on residents.

The 500 Frank W. Burr Blvd. complex, which is the township's largest taxpayer, generates over $4.7 million a year in revenue. The site consists of luxury townhouses, offices, hotels and a conference center, the report said.

Emily Bader

Emily Bader

Emily Bader is the copy and web editor at NJBIZ. She is a Brielle, N.J. native and a Rutgers University alum. You can contact her at emilyb@njbiz.com or @emilybader on Twitter.

Leave a Comment

test

Please note: All comments will be reviewed and may take up to 24 hours to appear on the site.

Post Comment
View Comment Policy

Comments

close
Subscribe to Our Newsletters!
Click Here to Subscribe for Free Now!