HACKENSACK, NJ-The George Capodagli Company hassecured a $25.7-million construction loan with FirstNiagara Commercial Real Estate Group for its MeridiaHackensack apartment project here.

The project, a 222-unit Class A apartment building, is the firstto be developed in the newly established rezoned area known as the“Main Street Rehabilitation Plan in” downtown Hackensack. The plancalls for a high density, mixed-use development on several lots inthe downtown district.

The Meridia project will be the first substantial residentialdevelopment in more than 20 years in the area, First Niagaraofficials state.

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John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.