Maharaja Hypermarket, a specialty grocer, is preparing to open its doors this fall in downtown Hackensack.
The business recently signed on to lease a 3,500-square-foot retail space at Crossroads 389, a five-story, 82-unit apartment building on Main Street that opened to tenants earlier this year, according to NAI James E. Hanson, the real estate firm that handled the deal.
Besides providing “a sought-after shopping experience for residents and visitors,” Maharaja Hypermarket’s grand opening will “further enhance Main Street’s growing roster” of destinations to shop and dine, NAI Hanson Vice President Anthony Cassano said.
Previously a wholesale supplier for other grocers, the Hackensack storefront will reportedly be Maharaja Hypermarket’s debut as a full-service, brick-and-mortar storefront.
In announcing the lease, Cassano said, “Finding a tenant to offer a sought-after service to the local community while providing an additional amenity for Crossroads 389’s residents was our main goal in this assignment.”
“We are excited to welcome Maharaja Hypermarket to Hackensack and play a key role in the resurgence of the city,” he said.
The city is currently in the midst of a sweeping overhaul of its downtown, with dozens of properties working to redevelop into mixed-use buildings, allowing for residential and commercial spaces along Main and State streets.
After successfully developing Crossroads 389 in partnership with Cannon Hill, The Hampshire Cos. is in the midst of constructing a 270-unit mixed-use property at 321 Main St. that is expected to be complete by mid-2024. Then, the Morristown-based developer plans to begin building a 40-unit mixed use building at 295 Main St.
Additionally, The Hampshire Cos. is working with Russo Development on Print House, a 23-acre riverfront development at the former headquarters of The Record newspaper that will consist of 650 residential units and 40,000-square-feet of retail space spread across five buildings.
The project is scheduled for completion next year.
Shoppes at Print House retail tenants currently include Blue Foundry Bank and Hackensack Meridian Health, which will soon be joined by Starbucks and Jersey Mike’s Subs.