Former Hackensack HQ of Bergen Record newspaper set for redevelopment

TRD New York /
Apr.April 16, 2019 05:22 PM

Three developers have agreed to take on the redevelopment of the former home of the Bergen Record newspaper, according to Multi-Housing News. The Borg family, which has owned the nearly 20-acre site at 150 River Street in Hackensack since the 1940s, will see its Fourth Edition real estate development arm partner with local developers the Hampshire Companies and Russo Development to build a complex with 654 residential units and 18,000 square feet of retail space. NorthJersey.com, the Bergen Record’s online presence, noted that the Borg family had relocated its former newspaper business (it was sold to media giant Gannett in 2016) from the site in 2008. The property has sat vacant for more than a decade, but was integrated into Hackensack’s redevelopment plan in 2012. It also reportedly sits inside a designated Opportunity Zone. NJBIZ reportedthat the first stage of the development, slated to commence this summer, will deliver 272 apartments with luxury amenities. Russo and Hampshire have engaged in similar New Jersey redevelopment projects in recent years in Harrison, Kearny and Union, according to NJBIZ. The Real Deal reported earlier this month on Hampshire being approved to redevelop the 216,722-square-foot Lackawanna Plaza in Montclair. [Multi-Housing News]


Related Articles

arrow_forward_ios
Newark puts restrictions on businesses amid spike in Covid-19 cases (Getty)

Newark restricts businesses again to curb Covid spike

Newark restricts businesses again to curb Covid spike
KABR Group CEO Kenneth Pasternak and 85 Challenger Road in Ridgefield Park, NJ (Photos via KABR)

KABR sells New Jersey building for reported $60M

KABR sells New Jersey building for reported $60M
Onyx Equities' Jonathan B. Schultz (left) and John Saraceno, Jr. with 7 Sylvan Way (right) and 8 Campus Drive in New Jersey (Onyx Equities)

Onyx Equities acquires massive New Jersey office portfolio for $160M

Onyx Equities acquires massive New Jersey office portfolio for $160M
Extell Development president Gary Barnett and Kushner Companies founder Charles Kushner with a rendering The Lofts at Pier Village in New Jersey (Rendering via Extell Development)

Kushner Cos. buys Gary Barnett out of development on NJ waterfront

Kushner Cos. buys Gary Barnett out of development on NJ waterfront
An aerial view and a rendering of The Element at 400 Claremont Avenue (Credit: Google Maps)

Jersey City mixed-use project lands $120M in financing

Jersey City mixed-use project lands $120M in financing
Meadowlands Arena (Credit: Google Maps and iStock)

NBC spends $750K to transform arena in New Jersey swamp

NBC spends $750K to transform arena in New Jersey swamp
Thor's Joseph Sitt and the New Jersey Center of Excellence

Thor is breaking into the life sciences industry

Thor is breaking into the life sciences industry
Newark’s ‘Shaq Tower’ sets opening date, Rockefeller Foundation eyes OZ fund for Newark & more North Jersey real estate news

Newark’s ‘Shaq Tower’ sets opening date, Rockefeller Foundation eyes OZ fund for Newark & more North Jersey real estate news

Newark’s ‘Shaq Tower’ sets opening date, Rockefeller Foundation eyes OZ fund for Newark & more North Jersey real estate news
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...