A rendering of Print House by Vermella, a planned 653-unit luxury apartment complex at 150 River St. in Hackensack, the former site of The Record newspaper — Courtesy: Russo Development
By Joshua Burd
A development team has completed the foundation for a luxury residential project in Hackensack, paving the way for a first phase that will include more than 270 apartments.
The partnership of Russo Development, The Hampshire Cos. and Fourth Edition Inc. on Tuesday announced the milestone for the project at 150 River St. Plans call for 653 units across what will be known as Print House, along with waterfront access and 30,000 square feet of commercial and retail space.
The development is set to breathe new life into the former site of The Record newspaper.
“We’ve been building our residential portfolio in municipalities with deep histories of commerce at properties that can fulfill its need for a residential option that appeals to today’s renter,” said Ed Russo, CEO of Russo Development. “Frenetic leasing activity at our other communities speak to renters’ quest for homes that satisfy their need for luxury, safety and convenience for work and travel without having to make any compromises.”
In a news release, the developers said Print House will feature upscale amenities such as a pool, roof deck lounge area and modern fitness center with a yoga studio and Fitness on Demand. The 20-acre site will also include pedestrian-friendly parks connecting Hackensack’s Main Street with the waterfront and providing an esplanade along the Hackensack River.
The property was integrated into the city’s high-profile redevelopment plan in 2012, the news release said. Its first phase calls for 271 apartments.
“There is no other place with a history that is so intertwined with ours in quite the same way as Hackensack,” said John Durso, head of development for The Hampshire Cos. “We have been bringing transformative real estate projects to life across the city for over a hundred years and are honored to be able to play such a large role in the city’s next chapter. We are confident that this project will not only be a point of pride for the city but the new residents and businesses that will call it home in the years to come.”