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In addition, Alexander Anderson sold Harley’s Pub, a 27-year-old Irish bar, also on Hackensack Avenue.
Led by CEO Eric Anderson, Alexander Anderson Real Estate Group is a boutique firm that has established itself as a leader in residential and commercial real estate, property management, finance, and development.
Steven’s real estate career spans over 25 years during which time he acquired his broker license in 2004. As Vice President and Broker-of-Record, Kopf looks forward to guiding his team in reaching their goals, while increasing the firm’s presence within the community. Eric Anderson, CEO of the Alexander Anderson Real Estate Group, in front of 150-170 Main St. That is, when it comes to the aspirations the city has for its own central business district. Troast knows Hackensack has a long way to go, but stakeholders say it’s finally on the right path.
A case in point is the growing pipeline of multifamily residential development, which experts say is a prerequisite to attracting new commercial tenants.
That’s not to mention another 200 units that have preliminary site plan approval and another 1,500 in various early planning stages, Reiner said. It’s well-connected, too, with two rail stations, a bus terminal and proximity to highways such as Interstate 80 and Route 4. So experts say city officials simply unlocked that demand in 2012, when they overhauled the planning guidelines for the 160-acre district surrounding Main Street. Assembling and brokering the sale of development sites has since become an important service for Anderson in Hackensack, leading to projects such as the planned 14-story, 382-unit high-rise at 150 Main St. Troast, the city manager, said planners are also focused on ensuring adequate parking in the downtown, which they hope to address through requirements in the overhauled development guidelines. In the meantime, civic leaders are taking another key step for reinventing the city: moving “from a retail-based economy on Main Street more toward a service-oriented and experienced-based downtown,” said Albert Dib, executive director of the Upper Main Alliance. Dib said the $617,000 project is years in the making and “bridges the gap” between Main Street and a planned cultural arts center. The city’s first major residential project, dubbed Meridia Metro Hackensack, at right, is well underway at 94 State St. Alcova Cos., based in Edison, has been approved for a 14-story building with 382 apartments, 7,450 square feet of retail space at what is now an assemblage of eight properties, plus 382 on-site parking spaces. Heritage Capital Group LLC has approval to gut and rehabilitate the former 10-story United Jersey Bank building and an adjacent four-story office building. Hackensack also has nearly 2,000 units in various stages of the planning and entitlement process. Often times, you hear about these cases where a new or existing tenant has agreed to terms but has failed to sign a lease until move-in day or the expiration date. Leaving the signing until the last minute leaves room for error; tenants can decide to leave at any time, and it’s legal. Imagine telling prospective tenants that their property of interest has been rented out, only to have the original tenants withdraw last minute.
Holiday lights, done right, will highlight your property and give potential buyers a sense of welcome.
Hackensack, NJ – The Bergen County Board of Social Services, which helps individuals and families throughout Bergen County meet their basic needs, signed a lease at the Bergenfield Woodbine Center. The Bergen County Board of Social Services will retain their headquarters on Route 17 in Rochelle Park, but required extra space for storage as they move towards a paperless environment. Michael Grey, co-managing partner of Piermont Properties, was also pleased with the process. Alexander Anderson Real Estate Group represented the Bergen County Board of Social Services in the transaction. Alexander Anderson is a leading commercial and residential real estate brokerage firm and manages apartments, condominiums, office and retail space throughout New Jersey.
One of Jersey City’s newest residential towers is open for business, with a focus on integrating luxury apartments with the city’s historic Powerhouse Arts District. Known as the Art House, the 119-unit building has been completed by the Shuster Group and is slated for occupancy in September, according to a news release from the developer.
The 3,800-square-foot space will accompany the building’s off-site leasing office at the nearby intersection of Christopher Columbus Drive and Grove Street, the news release said. Seventy percent of all sales proceeds will go directly to the artists, with 30 percent donated to the Jersey City Economic Development Corp. The Art House was designed by Fogarty Finger Architects and LWDMR & Associates, the news release said. When Hackensack officials overhauled zoning rules in 2012, they envisioned a modern downtown with high-rise apartments, first-floor stores, green plazas and fashionable facades that would be a cultural and economic hub of Bergen County.
Meanwhile, a Hackensack-based real estate company has secured agreements from downtown land owners to sell their lots.
In 2012, the city made it easier for developers to build by establishing a redevelopment zone in a 39-block downtown. City officials say Hackensack has been long overdue for a downtown revitalization and image makeover.
The downtown is now home to a diverse but haphazard collection of stores and restaurants in low-rise buildings, with few residences. Officials and developers say the demand for apartments is strong and that the city can lure the type of young professionals that municipalities covet because they pay taxes and splurge on dining and entertainment, but don’t impose a large burden on the school system. But a key first step remains for many developers – the complex legal and financial negotiations with private property owners to acquire land for building.
The company, Alexander Anderson Real Estate Group, has 11 more groups of properties that could serve as future development sites.
Eric Anderson, chief executive of the Alexander Anderson Real Estate Group and a board member of the Hackensack Upper Main Alliance business group, has been approaching property owners one by one the past year and a half to negotiate sales. The company secured agreements from owners of the nine properties at 150-170 Main St., where a developer wants to build a 14-story tower with 375 apartments and first-floor retail space. In doing so, the company is providing an easier, quicker route for developers to come into the city and build, Anderson said. Charlie Vera, who manages two stores on the 150-170 block, between Atlantic and Mercer streets, said the recession and slow business was an incentive to sell. Rottino said he was not worried about small businesses that might be displaced or priced out as a result of large-scale development – some of which is likely to be marketed as high-end or luxury housing.
The Planning Board is expected to vote at its next meeting on a proposal to declare 150-170 Main St., which stretches more than half a block, as an area in need of redevelopment – a designation for blighted areas that allows a municipality to plan improvements and offer tax incentives.
Rottino said getting property owners to sell can be a tough task, sometimes harder than securing construction approvals. Anderson said his role on the board of the Upper Main Street Alliance didn’t provide him any unfair advantages, adding that other real estate companies attended the same alliance meetings he attended and had access to the same information.
Don Smartt, president of the New Jersey Managed Districts Association, said Anderson’s role on the board doesn’t pose a conflict.
Other pending downtown projects in need of rehabilitation include plans to convert a historic 11-story bank building at 210 Main St. Just outside the 39-block zone, which stretches between State and River streets from University Plaza Drive to the courthouse complex, construction is under way on the 222-unit Meridia Metro building on State Street. The developer Fred Daibes is also under contract with the North Jersey Media Group, publisher of The Record, to buy the former 20-acre company headquarters at 150 River St. Al Dib, executive director of the Upper Main Street Business Alliance, said the new projects will bring people into the area to live, shop and dine locally, which will in turn improve the local economy and tax base and create jobs.
On Thursday, October 18th, 2012 from 5pm to 9pm, Alexander Anderson Real Estate Group is hosting “The ReBuilding of Downtown Hackensack” at the architecturally appointed former bank building 170 Main Street.
Lifted by a growing demand for space and by overall economic improvement, the North Jersey office market continued to show signs of recovery in the second quarter of 2014, according to a report released Tuesday by Cushman & Wakefield of New Jersey Inc. The vacancy rate in Bergen, Passaic, Hudson, Essex and Morris counties ticked down to 20.4 percent in the quarter ended June 30, from 21 percent in the first quarter, according to Cushman.
LINDEN, NJ-An Australia-based developer has gotten approvals in place for its US subsidiary Goodman Birtcher to build a $350 million logistics center at the former GAF site here, which has been vacant for nearly 20 years. The project is one part of the global company’s recently announced $1.4 billion development program in the key logistics markets of California, Pennsylvania and New Jersey, according to Goodman Group, the parent. At the New Jersey site, the Cassidy Turley team of Larry Casey, Doub Bansbach and Andrew Houston arranged the sale of the property. The city approved the development of five high-grade distribution warehouses for a total of 2.8 million square feet.
When finished, the complex would generate $5-$6 million in annual tax revenues, the city has estimated. The logistics company decided to move on the project in light of the new logistics opportunities opened up by the Bayonne Bridge-raising project now under way, its executives said.
Meanwhile, Goodman Birtcher and GAF’s successor entity, ISP, have agreed to fund the building of an overpass to a working rail line at the industrial site, so it can continue to serve another company in Carteret. Brandon Birtcher, CEO of Goodman Birtcher, said Linden’s entitlement approval builds momentum in the rollout of its development program.
Just enter in your work address and we will show you how long it takes to get there on every property you look at. This project is the first of major changes coming to Hackensack Avenue right across from the Hackensack Target. Don Pomodoro has been in Hackensack for over 30 years and had a liquor license that was sold to another restaurant on Main Street. The developer of that property purchased the site for $700,000 and will be opening a Chicken Supreme, fast food franchise later this year.
With offices in both Bergen County and Hudson County, Alexander Anderson manages and owns apartments, condominiums, office, and retail space throughout New Jersey and specializes in assembling multi-lot projects enabling new developments for today’s changing urban market needs. His expertise has centered on both residential and commercial real estate, making him an ideal fit for the Alexander Anderson Real Estate Group, which is unique for serving both areas of the industry.
As a complement to his real estate proficiency, he has a background in design, which affords him the ability to present client’s properties in the best light for a quick sale. Nearly three years after local officials adopted a plan to rehabilitate the city’s ailing downtown, those efforts are now starting to take shape in the onetime epicenter of Bergen County.
One project is nearing completion — a 222-unit development on State Street by Capodagli Property Co. And several of those projects include commercial space — as required for sites fronting Main Street — giving developers the ability to attract new retailers to the city once new residents begin to populate the downtown. And developers are continuing to show interest in identifying “opportunities in the downtown for mixed-use and residential projects,” he said. City officials say its population of 43,000 grows more than threefold during the daytime, thanks to anchors such as Hackensack University Medical Center, Bergen County Community College and the activity tied to the county courthouse and administrative offices. The overhaul included zoning changes to accommodate new mixed-use development, new height allowances and relaxed parking guidelines, part of an effort led by the business group known as the Hackensack Upper Main Alliance. The 1.5-acre parcel consists of one parking lot and seven buildings, which city officials say are slated for demolition in the next three months ahead of construction by Edison-based Alkova Cos.
Local officials still need to convert Main Street, State Street and several perpendicular roads to two-way traffic, reversing what has long been a bizarre configuration for a central business district.
An important piece of that is the Atlantic Street Park, which broke ground in November and will replace an underutilized city parking lot with a small amphitheater and other amenities.
The organization is now convening consultants, government agencies and local organizations to help develop an arts scene in Hackensack, as it raises money to help complete the performance venue. The project calls for two phases, including a first phase approved for 120 units and second phase with 150 units and 7,500 square feet of retail space.
Meantime, city officials also are investigating the former headquarters site of The Record and North Jersey Media Group on River Street, in order to determine whether it meets the criteria for an official “area in need of redevelopment” designation. This guarantees that a further term is secured for both the leaseholder and landlord, with plenty of time before the existing lease expires. Give yourself a short window of time to get the lease signed so your client can emotionally lock-in on the property, taking you a step closer to ensuring occupancy. This gives you time to sit down with the client(s) and explain the agreement in detail, to ensure complete understanding on both fronts. Often times, tenants hesitate to renew based on rent increase, only to find themselves unable to secure another lease based on their needs, and later regretting their initial decision.
In most cases, the roofline can be accessed from the ground using a step or multi-positional ladder. In the event that you haven’t closed the deal, keep your house up-to-date with the time period. Alexander Anderson Real Estate Group, a leading real estate firm located in Hackensack, NJ, arranged the 12,854 square ft. Alexander Anderson has recently been named one of New Jersey’s Top Management Firms of 2014.
The First Street property is the latest multifamily development to arrive in Jersey City, but this one comes with an art gallery just a few blocks away.
And the opening of the gallery last week came alongside an announcement of “The Art Project,” an effort to promote local artists by selling their work. Those properties have been bundled into 12 packages that are being marketed to developers, including one who plans to put up a 14-story building on Main Street with hundreds of apartments. Zoning laws were overhauled, architectural standards were put in place, parking restrictions were relaxed, and traffic changes were designed to encourage large development that mixes residential and commercial spaces.
Many people travel there for work, but depart by evening, and Main Street goes mostly empty. They note that Hackensack is the Bergen County seat, and home to a university and a major medical center. One Hackensack real estate company has been securing agreements with private property owners to bundle into groups, known in real estate as “assemblages” and package to developers, including one Main Street location were a developer plans to put a 14-story building with hundreds of apartments. Anderson said he is in talks with developers who are interested in the other groups of properties but declined to give details. He said he was surprised more companies were not doing that work, considering the strong interest his office has gotten from developers about the downtown.
Businesses improvement districts like the Upper Main Street Alliance were designed to have stakeholders as board members who could play a leading role in guiding policies for their districts, he said. Daibes is planning to build rental apartments with stores and a hotel on the property and has also asked the city to declare the site an area in need of redevelopment. Projects like the residential conversion of the old bank building and the residential tower at 150-170 Main Street will be catalysts for other development and help revive local business, he said.
The other two properties consisted of empty lots that were previously holdings of the Packard Family Estate. We are so thrilled to have him take on this position and bring his fresh ideas to our firm,” said Anderson. The best way to stand above the rest is to take advantage of what’s right in front of you this holiday season.
Using indoor electrical products outside will cause serious fire and electrocution hazards.
Having flashy and elaborate lights and lawn decorations will distract buyers from seeing what they actually came for—the house itself! You want them to picture themselves living in your home, so decorating with holiday-specific lights will remind them they’re on foreign ground. The rotating art exhibitions, part of a collaboration between Shuster and the city, will eventually be displayed throughout the Art House.
City officials and business leaders believe more investments will follow and that Hackensack is poised to become a residential hot spot. Real Estate Company overseeing 170 agents focusing on New Jersey residential and commercial sales. He is also the Trustee for the Housing Development Corp, which builds affordable housing in Bergen County.
The problem however, may soon become that these tenants have yet to formally sign the lease. Also ensure that you have outdoor outlets with ground-fault circuit interrupters (GFCI), or consider hiring a professional to install them. Crisp and classic single-colored lights that trim the home or hang from the roofline prove most effective. WELL MAINTAINED BUILDING - RECENTLY RENOVATED LOBBY, LAUNDRY AREA, ELEVATORS, AND HALLWAYS. Previously, he was the Operations Manager at Town and Country Developers where he was instrumental in the development of such properties as The Westbury in Hackensack, Cambridge Crossing in Clifton, and Cambridge Heights in Ramsey. Instead, buy a roller (much like the one you have for your hose), or wrap the lights around a medium-sized piece of cardboard to stay tangle-free.
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