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Downtown Hackensack site slated for mixed-use tower after land assemblage

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Another site in downtown Hackensack has been slated for redevelopment, with plans calling for a 14-story building with retail and more than 300 residential units.

Alexander Anderson Real Estate Group, a firm that’s based in the city, said it brokered the sale of the 1.5-acre parcel at 150-170 Main St. The site was assembled from multiple owners and consisted of seven buildings and one parking lot, the firm said.

Financial terms of the deal were not disclosed in a news release from Alexander Anderson, and the firm declined to name the developer that bought the site.

The property is the first assemblage to close on Hackensack’s Main Street since city officials in 2012 adopted a plan to revitalize its ailing downtown, the news release said. It’s also one of several sites slated for redevelopment now that the city has relaxed zoning laws and granted new height allowances, as the governing body seeks to reverse decades of decline from its days as the epicenter of Bergen County.

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“The beauty of this assemblage is in how it was conceptualized,” Eric Anderson, CEO of Alexander Anderson Real Estate, said in a prepared statement. “When the rehabilitation plan passed, many talked about bringing large projects to Main Street in Hackensack, but there were no lots large enough to accommodate serious developers.”

The project is pending approval before city officials, a spokeswoman for the firm said. Alexander Anderson also is working on six similar assemblage deals elsewhere in the downtown, two of which are expected to close soon, she said.

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Joshua Burd

Joshua Burd

Josh Burd covers real estate, economic development and sports and entertainment. Before joining NJBIZ in 2011, he spent four years as a metro reporter in Central Jersey. His email is joshb@njbiz.com and he is @JoshBurdNJ on Twitter.

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