Residential propety

Print House launches residential leasing; secures merchants (slideshow)

The Print House offers a location with a view situated on a multi-storey property with 40,000 square feet of retail space. And now, with the launch of rental, it is ready to be lived in.

Russo Development, The Hampshire Cos. and Fourth Edition Inc. officially introduced the mixed-use community located at 160 River St. in Hackensack this month. The 20-acre site’s nickname pays homage to its former occupant, the Bergen Record newspaper.

The first phase of the project includes 271 bachelor, one and two bedroom rental units and completed amenities. In total, the Maison de l’Imprimerie will have 653 residences.

And, the first tenants to come into the expansive commercial component on the ground floor of the property have also been announced, secured by an exclusive leasing brokerage for the NAI James E. Hanson property. Hackensack Meridian Health will offer medical services from its 6,000 square feet of space while Blue Foundry Bank has signed a long-term lease to house a branch in the community.

According to Michael Pembroke, COO of Russo Development, 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 particularly creative with the ability to integrate the waterfront and streetscape across this vast site,” he said.

The Print House will include waterfront access via a new Riverwalk giving residents access to previously inaccessible spaces.

Pembroke added that leasing is changing rapidly as tenants are drawn to the availability of on-site retail options and the location’s convenient access to other shopping and transportation options.

ICYMI: Former Daily Record site secures funding

GS Wilcox & Co. recently secured a $60 million loan for a residential component of the project. Read more.

“The development team has worked closely with the city to arrive at a vision for this site that complements the many other exciting redevelopment projects in Hackensack Town Center and begins the rebirth of another neighborhood in our city that is essential to our vision to improve 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 maintain property tax stability.” and invest in resident services. ”

The project is located in an opportunity area 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,” Hampshire Cos chairman and chief executive 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 have come together with a vision for Hackensack that will not only provide luxurious lifestyles for its residents, but also retail and business opportunities at Print House that will benefit everyone who lives and works in the city” , Hanson added.

Fourth Edition is run by the Borg family, who also have longstanding ties to the community, having owned and operated The Record and other assets under the North Jersey Media Group Inc. prior to its sale in 2016.

“The property has been in our family for generations and we are pleased to continue to have a presence at Hackensack,” said Stephen Borg, president of the fourth edition. “Transforming what was once an idle industrial land of approximately 20 acres into a vibrant community is the perfect example of how we envision the future of Hackensack.”