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Deals & Dealmakers

Print House Officially Opens for Leasing in Hackensack

The first phase of one of the most anticipated and largest residential redevelopment projects in New Jersey is now open for leasing along Hackensack’s historic waterfront as Russo Development, The Hampshire Companies and Fourth Edition Inc. introduce the Print House, a mixed-use community, featuring luxury residential rentals.

In addition to Print House’s residential offerings, the redevelopment includes 40,000 square feet of retail space. Russo and NAI Hanson have already secured two long-term leases from Hackensack Meridian and Blue Foundry Bank.

Located at 160 River Street, Print House’s name pays homage to its location at the 20-acre site previously home to the iconic N.J. journalism staple, The Record.

Residents of the first 271 of its 653 luxury units will enjoy immediate use of the already-completed amenity offerings that seamlessly connect residents to a rich indoor and outdoor lifestyle. Indoor amenities include an on-site concierge, a state-of-the-art fitness center with yoga/spin room, resident lounge and game room, whiskey and wine rooms for private dining and entertainment, a resident café area, private conference rooms and coworking spaces, along with package lockers. Outdoor amenities include an expansive rooftop terrace with New York City views, oversized pool and sundeck, private outdoor kitchens, communal barbecue, lounge and dining areas, ample green space, and a cinema wall. The pet-friendly Print House offers a dog park, and has bike storage.

“The development team worked closely with the city to arrive at a vision for this site that complements the many other exciting redevelopment projects in Downtown Hackensack and begins the revival of another area of our city that is critical to our vision of improving our community for both current and future residents,” says Hackensack Mayor John P. Labrosse, Jr. “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 keep property taxes stable and invest in resident services.”

Phase One of Print House will offer studio, one-and two-bedroom rental units with floor to ceiling windows, balconies, full size washer and dryers, art-deco inspired fixtures, and will provide waterfront access via a soon to be completed Riverwalk connecting residents to open spaces previously inaccessible to the community.

For the 40,000 square feet of street-level mixed-use retail space, NAI Hanson is marketing a diverse retail mix on the site that addresses the needs of Print House’s residents as well as the broader community as Hackensack’s downtown residential population grows.

Two retail leases have already been secured for the location. Hackensack Meridian Health will occupy 6,000 square feet offering physician services. Blue Foundry Bank also secured a long-term lease to provide residents and members of the surrounding community with a personalized and convenient approach to banking.

“Both the retail and design elements of Print House are consistent with what our residents expect. 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 especially creative with the opportunity to incorporate the waterfront and streetscape on this expansive site,” explained Michael J. Pembroke, COO of Russo Development. “In just a few years we’ve delivered on what we believe to be a truly unique offering adding to the vision imagined by the City to revitalize the downtown which enhances all that Hackensack has to offer with its significant medical and educational infrastructure along with being the County Seat,” said
Pembroke.

“Leasing has started at a fast pace and early prospects are excited about the onsite retail and ease of access to other shopping and transportation as a convenience right outside their door. The Shops at Riverside is just 10 minutes away and Hackensack’s N.J. Transit Bus Depot is just across the street for a 30-minute express commute to Midtown Manhattan. The resort-style amenities, the convenient travel and commuting options are just some the best features that make people want to live at Print House,” Pembroke continued.

The development is in an Opportunity Zone, a program designed to jumpstart economic development launched by the federal government in 2017. The Hampshire Companies has a long history in Hackensack extending back nearly one hundred years and remains dedicated to revitalizing the city. Two additional buildings Print House buildings plus amenities have been approved on the site.

“It has been an incredible opportunity to work with our partners, Russo and Fourth Edition on this project,” said James E. Hanson II, President & CEO of The Hampshire Companies. “We came together with a vision for Hackensack that not only will provide luxury living lifestyles to its residents, but also opportunities for retail and commerce at Print House that will benefit all those living and working in the city.”

Fourth Edition Inc., run by the Borg Family who owned and operated the The Record and other media assets under North Jersey Media Group Inc. before their sale in 2016, has been an integral partner in the development of the Print House.

“The property has been in our family for generations, and we are glad to continue to have a presence in Hackensack,” said Stephen Borg, President of Fourth Edition. “The transformation of what was once a approximately 20-acre dormant industrial lot into a vibrant community, is the perfect example of how we envision the future of Hackensack.”

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