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

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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.

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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.

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