The Print House offers a location with a view situated on a storied property with 40,000 square feet of retail space. And now, with leasing launched, it’s ready to call home.
Russo Development, The Hampshire Cos. and Fourth Edition Inc. officially introduced the mixed-used community located at 160 River St. in Hackensack this month. The moniker of the 20-acre site pays homage to its former occupant, the Bergen Record newspaper.
Phase One of the project includes 271 studio, one- and two-bedroom rental units and completed amenities. Overall, the Print House will feature 653 residences.
And, the first tenants coming to the property’s expansive, street-level retail component have also been announced, secured by exclusive leasing brokerage for the property NAI James E. Hanson. Hackensack Meridian Health will offer physician services from its 6,000 square feet of space while Blue Foundry Bank signed a long-term lease to house a branch at the community.
According to Russo Development COO Michael Pembroke, the Print House offers what residents want. “They have high expectations for a unique, convenient, and more responsive community living experience. A project of this size and scope allowed us to be especially creative with the opportunity to incorporate the waterfront and streetscape on this expansive site,” he said.
The Print House will include waterfront access via a new Riverwalk offering residents access to spaces previously out of reach.
Pembroke added that leasing is moving fast, as tenants are drawn to the availability of onsite retail options and the location’s convenient access to other shopping and transportation options.
ICYMI: Former Daily Record site secures financing
G.S. Wilcox & Co. recently arranged a $60 million loan for a residential component of the project. Read more.
“The development team worked closely with the city to arrive at a vision for this site that complements the many other exciting redevelopment projects in Downtown Hackensack and begins the revival of another area of our city that is critical to our vision of improving our community for both current and future residents,” Hackensack Mayor John Labrosse Jr. said in a statement. “Print House will become a centerpiece of the historic waterfront and is a perfect example of the beautification of our community that our residents deserve, and it will also generate significant new tax revenue to help our administration keep property taxes stable and invest in resident services.”
The project is situated in an Opportunity Zone and two additional buildings with amenities are approved for the site.
“It has been an incredible opportunity to work with our partners, Russo and Fourth Edition on this project,” The Hampshire Cos. President and CEO James Hanson II said in a statement. The company has a special dedication to the city, where its history dates back nearly a century. “We came together with a vision for Hackensack that not only will provide luxury living lifestyles to its residents, but also opportunities for retail and commerce at Print House that will benefit all those living and working in the city,” Hanson added.
Fourth Edition is run by the Borg Family, which also has long-standing ties to the community, having owned and operated The Record and other assets under the North Jersey Media Group Inc. before its 2016 sale.
“The property has been in our family for generations, and we are glad to continue to have a presence in Hackensack,” said Fourth Edition President Stephen Borg. “The transformation of what was once a approximately 20-acre dormant industrial lot into a vibrant community, is the perfect example of how we envision the future of Hackensack.”