Greystar to Manage Monocle Group Property
Situated in a former bank building, the project aims to offer a balance between suburban and metropolitan living.
Greystar Real Estate Partners is assuming management of Monocle Group-owned apartment community 210 Main in Hackensack, N.J. Historically a bank building, the structure is among the city’s original architectural landmarks.
The property consists of the 11-story 210 Main St. and the interconnected four-story building at 214 Main. Having undergone an adaptive reuse from bank building to residential structure, the original structure includes 89 residence, while the interconnected building features 37. The blend of residences includes studio, as well as one- and two-bedroom apartments. Among the unit’s features are 10-foot ceilings, exposed brick walls, vinyl flooring, oversized windows and bathrooms with mosaic tile backsplashes.
“Banks are a hub for local businesses and residents alike,” Wilson Infante, regional property manager for Greystar, told Multi-Housing News. “We kept that mindset with 210 Main, which was previously a bank, and want our residents to continue to feel like 210 Main is a hub to live, work and play in Hackensack and the surrounding areas. And more importantly, a place that they can call home.”
Although downtown Hackensack is a metropolitan area, the city offers a family-friendly suburban ambience and proximity to shopping, dining and bus and rail transit to New York.
Last month, Westwood 20 Realty sold a two-property parcel in Hackensack to 359 Main Street Partners for an Opportunity Zone development.