Ivy and Green at 1 Park Ave. in Hackensack — Courtesy: Hornrock Properties
By Joshua Burd
A development team has completed a new 221-unit luxury apartment building in Hackensack, part of a two-phase project that has activated a key parcel on the city’s eastern edge.
The builders, Hornrock Properties and GTIS Partners, say they’ve already leased 50 percent of what’s known as Ivy and Green, at 1 Park Ave., thanks in part to a location near Foschini Park and the Hackensack River waterfront. The firms have also broken ground on the second building, which will deliver another 168 units in late 2023.
Minno & Wasko Architects and Planners designed the six-story building.
“Going back to 2013, this was an underutilized parking lot in an area that was about to undergo tremendous growth,” Hackensack Mayor John Labrosse said during a recent ceremony at the property. “Ten years later and we are now standing in a beautiful new building in an outstanding location. Hornrock Properties and their partners have created a beautiful development that will be enjoyed by residents for years to come.”
Labrosse was among those on hand for the June 14 event, which marked a milestone for one of the city’s more high-profile development sites. Local officials drew interest from roughly a dozen developers in 2016 when it began to market the 4.3-acre parcel, a distinctive triangular site near the Bogota border, pitching it as a gateway to its central business district.
The ensuing project has transformed what was a city-owned parking lot within a federally designated Opportunity Zone, making it eligible for tax benefits.
“What came from that was Hornrock seeing the city had strong leadership and a vision and the city coming to see Hornrock had strong leadership and a vision,” Deputy Mayor Kathleen Canestrino said. “Once aligned and a mutual respect was developed, a true partnership was formed. That partnership is something I think will live long and this building is a true testament to that.”
The first phase is a collection of upscale studio, one-bedroom and two-bedroom homes, some of which offer balconies or terraces to extend the living space outdoors, according to a news release. Amenities include co-working spaces, private conference rooms and work pods, library nooks and a billiards lounge with arcade games, along with a modern fitness center with Echelon bikes and gym studio with on demand fitness and a Crossfit rig.
Outdoors, residents have access to a 14,000-square-foot courtyard with a pool and sundeck, grills, a pizza oven and dining and lounging areas, plus an 8,000-square-foot rooftop deck.
“We’ve long believed in the potential of Hackensack as a thriving destination and are thrilled to introduce Ivy and Green which is the next step in the evolution of the city’s flourishing downtown,” said Maurice Hornblass, a Hornrock principal. “We would like thank Mayor Labrosse and Deputy Mayor Canestrino for their vision and support in bringing this development to life, and we look forward to continuing to contribute to the growth of this great city.”
Monthly rents at Ivy and Green start from the $2,400s, including grand opening incentives that include up to two months free. The Marketing Directors is the building’s marketing and leasing agent.
“I think we have the best building in the city and will deliver our residents a fantastic living experience,” said Amit Rind, managing director at GTIS Partners. “We’re thrilled to be in Hackensack, not just building apartments, but building homes and playing a role in the ongoing development of this community.”