The latest high-rise apartment rental property to join our development portfolio roster is contracted and proposed 14 story, 600 unit apartment building billed as “The Cool Urban” which is in the CBD district on Main Street in Hackensack, NJ. The Cool Urban will stand 14 stories tall above grade, consisting of a parking garage of 1 lower level and going up 3 floors equipped with electric car charging stations. The tower then proceeds 11 additional floors up of spacious, airy, and open units, topping out at 14 floors.
This community of 600 Smart-Home Tech ready units, will have access to a deep menu of amenities emphasizing healthy, socially responsible, eco-friendly living with great convenience. The additional large 4th-floor amenity deck will allow for hi-tech ready live/workspace, a full dog park, resident’s lounge, and golf simulator plus state-of-the-art fitness and spa center. Formerly billed as “The City in Motion”, and now being promoted as “The Sack” in the latest marketing efforts by the municipality and Bergen County, Hackensack is graced with 9 city parks, is easily accessible and mass transit commutable, offering a short 20 min drive or 30 min train ride to NYC. It is intersected by the Garden State Parkway, Rt 80, and the NJ Turnpike for travel in all directions as a prime commuter location. Hackensack Medical Center is a major local employer with 35,000 employees and providing premier care to this growing community.
This under-served rental market also includes Farleigh Dickinson University and Bergen County Courthouse, just waiting for more staff capacity. Already zoned for redevelopment with no variance needed here, NRIA is negotiating a 20-year tax abatement. With incredible NYC vistas and westerly sunsets, there are views in all directions from the spacious Roof Top Pool, BBQ, and Entertainment Outside Deck. The Cool Urban is not only a tenant’s ideal home but a landlord’s dream with many avenues of additional income streams.
The Cool Urban will offer a complete monthly recurring concierge add-on service consisting of in-suite delivery of packages, groceries, laundry, dry cleaning, as well as daily pet walking and auto parking valet services. The Cool Urban will be Bergen county’s premier luxury apartment community offering modern contemporary spacious sleek designs along with a trendy hip designer style. The building is designed with health safety/pandemic hardened technologies including advanced water and HVAC air purification systems.