HACKENSACK OFFICE BUILDING GETTING A NEW LIFE
February 2, 2017
The People's Guaranty and Trust was built in 1926 as a 10-story monument to American finance, standing tall over downtown Hackensack’s glory days. Over the years, the rigid-steel high-rise was home to a succession of banks, ending up as a Bank of America, until a burst pipe flooded the building about a decade ago, leaving it unusable.
Now, the building – one of the tallest in the state when it was constructed – has been gutted in preparation for a new life as apartments.
DEVELOPERS, INVESTORS AND TENANTS TO ADDRESS RENEWED INTEREST IN THE BRICK CITY DURING NEWARK CRE SUMMIT
July 10, 2015
Newark presents many unique opportunities for commercial real estate developers, investors and tenants.
What types of small businesses and corporations are seeking office space in Newark, and why? Will supply meet demand? How is the national multifamily craze impacting the city?
Glory days restored: Developers, officials hope to return Bergen County city of Hackensack to past success through mixed-use projects
July 31, 2017
For Heritage Capital Principal Jeff Greenberg, being a part of revitalization of downtown Hackensack combines the opportunity of a market ready to boom and the history of the city. “We see Hackensack as one of the last towns in Bergen County to be ready for the next stage of development and gentrification,” he said. “We see Hackensack like Englewood was 20 years ago.”
At 210 and 214 Main St., in the heart of downtown Hackensack, Heritage Capital has embarked on an adaptive reuse of a bank building into luxury residential units. Greenberg said the $38 million project and its location near mass transit will attract people of all ages and become a part of a vibrant downtown.
Mack-Cali sells Totowa Commerce Center for $65.5M
October 6, 2017
Commercial brokerage firm Cushman & Wakefield recently announced it served as an advisor to Mack-Cali Realty and Heritage Capital Group in the sale of the Totowa Commerce Center in Passaic County for $65.5 million.
PARKING METHOD WITH LONG HISTORY MAKES DEBUT IN DOWNTOWN HACKENSACK
February 2, 2015
A parking concept that was born in the United States and thrived all over the world is making a comeback here in a luxury housing complex planned for a slender piece of downtown Hackensack real estate.