Sanzari Wins Downtown Redevelopment Project

HACKENSACK, NJ-The plan is to redevelop the block bounded by Essex and Thompson streets and Prospect and Summit avenues in Hackensack, NJ, replacing obsolete buildings with a four-story, mixed-use building aimed at retail, banking and medical users. Existing retail tenants will stay for now and have the option of staying permanently once the next structure is done.

From a total of seven developers submitting proposals, city fathers opted for the local guy–Alfred Sanzari Enterprises, based nearby. Alfred Sanzari himself is a lifelong Hackensack resident and has worked on everything from Court Plaza in Hackensack, to the Glenpointe complex in Teaneck. This project is on a smaller scale, but is no less important in an economic sense.

The $22.6-million development will total 79,000 sf of rentable space, and it will be done without city funds. The RFP stipulated that the winning developer would reimburse the city for legal, engineering and related costs and execute the project at no cost to taxpayers.