Real Estate Weekly
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Construction & DesignResidential

Russo JV presses ahead with luxury NJ rental

Russo Development and its Joint Venture partners The Hampshire Companies and Fourth Edition, have begun work on a 653-unit luxury mixed use apartment community in Hackensack, NJ’s new Riverfront District.

Located on the former site of The Record newspaper at 150 River Street, the 20-acre site is being transformed into pedestrian-friendly parks connecting Hackensack’s bustling Main Street residential, retail and office area with the waterfront and providing an esplanade along the Hackensack River.  Plans also include 30,000 s/f of commercial and retail space.

The developers just announced that the foundation for Print House has been completed. The rental building includes 271 studio, one- and two-bedroom homes, a swimming pool, sun deck, roof deck lounge, fitness center, conference rooms and dog park.

“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.”

The property, bordered by the Hackensack River, was integrated into the City of Hackensack’s redevelopment plan in 2012.  At full build-out Print House by Vermella will include 653 rental homes.

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