12/20/2012 - Downtown Rehabilitation Update

HACKENSACK CITY COUNCIL DESIGNATES STATE STREET LOTS AS AN 'AREA IN NEED OF REDEVELOPMENT'
First step towards project approval in the Main Street Corridor

(HACKENSACK,NJ) - At the December 18, 2012 Hackensack City Council meeting Ordinance No. 464-12 was introduced to designate several blocks on State Street between Warren Street and Bergen Street as an area in need a redevelopment. This is the first step prior to project approval and construction on Main Street in Hackensack. This area is entirely within the boundaries of the Main Street Rehabilitation Plan approved by the City Council in June 2012. This designation paves the way for a project with high-density residential and mixed-use components in line with the goals set forth in the Rehabilitation Plan.

"This is the first step towards seeing shovels in the ground and real change happening on Main Street," stated Mayor Mike Melfi. "I am confident that in the coming months we are going to be announcing new projects that will transform our downtown and really begin the process of returning Hackensack to the center of activity in Bergen County."

Following unanimous approval from the Hackensack Planning Board on this designation, the City Council will vote on the ordinance at its January 8th meeting. The State Street Redevelopment plan allows for up to 230 residential units and includes requirements for a variety of amenities, including roof top terraces. The project will be the first substantial residential development in Hackensack's downtown in over thirty years.

"We continue to make progress in revitalizing our Main Street Corridor with unanimous consent on our plan to move Hackensack forward," stated City Manager Stephen Lo Iacono. "My office is speaking daily with a number of developers interested in investing in our city. We are going to see real change in the coming months that will get the people of Hackensack excited about the future of our City. Residential development remains a core part of what we are trying to accomplish on Main Street, and this is a first step in that goal."

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