NJFuture Redevelopment Forum 2016 Troast
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NJFuture Redevelopment Forum 2016 Troast
- 1. w w w . m a i n s t r e e t h a c k e n s a c k . c o m City of Hackensack NJ Future Redevelopment Forum March 11th, 2016
- 2. w w w . m a i n s t r e e t h a c k e n s a c k . c o m David Troast, PP, AICP C i t y M a n a g e r
- 3. w w w . m a i n s t r e e t h a c k e n s a c k . c o m Elements of Successful Downtowns: Components: 1. Higher Density Residential 2. Mixed Use Retail 3. Entertainment / Cultural Arts 4. Parks / Plazas / Open Spaces 5. Near Transit 6. Public Parking 7. Management “You can’t rely on bringing people downtown; you have to put them there.” The Death and Life of Great American Cities Jane Jacobs
- 4. w w w . m a i n s t r e e t h a c k e n s a c k . c o m Benefits: 1. Increased Tax Ratables 2. Higher Values for Residential 3. Lower Infrastructure Costs/Unit 4. Less School Age Children 5. Lower Impacts on Services Benefits of Successful Downtowns:
- 5. w w w . m a i n s t r e e t h a c k e n s a c k . c o m HACKENSACK
- 6. w w w . m a i n s t r e e t h a c k e n s a c k . c o m ASSETS: Location: • Located in Bergen County • East Access to Manhattan • County Seat • Great Scale / Bones for Development Proximity: • 8 miles to GW Bridge • 13 miles to Lincoln Tunnel • 14 miles to Hoboken Ferry • 16 miles to Holland Tunnel Access: • Route 4 Route 17 Route 46 • I - 80 NJ Turnpike Garden State Pkwy Transit: • Anderson Train Station (41 min. to Penn Station) • Essex Train Station (39 min. to Penn Station) • River Street Regional Bus Terminal
- 7. w w w . m a i n s t r e e t h a c k e n s a c k . c o m Employment / Anchors: • Hackensack University Medical Center (6,700) • Bergen County Complex (2,700) • Higher Education Institutions • Riverside Square Mall – Major Retailers • Ice House (World Class Training Facility) • Every Major Bank Strong Business District: • Day Time Population +100,000 • Chamber of Commerce +/- 165 • Upper Main Street Alliance +/- 325 ASSETS:
- 8. w w w . m a i n s t r e e t h a c k e n s a c k . c o m CHALLENGES: 1. Struggling Downtown District - Higher Vacancy Rates /Lower Rental Rates - No Defined District - Poor Circulation Pattern (One way System) - Combined System (CSO) - No Residential 2. Outdated Zoning (1960’s / 1970’s) - Outdate Parking Requirements - Variance Approval Process 3. Difficult Approval Process 4. In Need for RATABLES
- 9. w w w . m a i n s t r e e t h a c k e n s a c k . c o m THE PLAN
- 10. w w w . m a i n s t r e e t h a c k e n s a c k . c o m Projects: - CSO Phase 1 Separation - Performing Arts Center - Atlantic Street Park - Two way street conversion - Community Facilities - 11 Adopted Redevelopment Plans - 700 units under construction - 1,800 units in the planning phase Implementation:
- 11. w w w . m a i n s t r e e t h a c k e n s a c k . c o m CSO Separation
- 12. w w w . m a i n s t r e e t h a c k e n s a c k . c o m Atlantic Street Park
- 13. w w w . m a i n s t r e e t h a c k e n s a c k . c o m Banta Place
- 14. w w w . m a i n s t r e e t h a c k e n s a c k . c o m Record Site
- 15. w w w . m a i n s t r e e t h a c k e n s a c k . c o m Record Site
- 16. w w w . m a i n s t r e e t h a c k e n s a c k . c o m 150-170 Main Street
- 17. w w w . m a i n s t r e e t h a c k e n s a c k . c o m Arts Walk
- 18. w w w . m a i n s t r e e t h a c k e n s a c k . c o m Funding Sources: - County Open Space Grant ($268K) - NJEIT Sewer Sep. Grant ($3.2 mil) - Safe Street Grant ($250K) - BID “Friends of Downtown ($40K) Revenues: - PILOT’s (700 units) - $1.2 mil in additional revenues - $4 - $5 mil in future revenues - Sewer Tap Fees ($2,500 per unit) - Parking Utility ($1.5 mil per year) - Red. / Sale of City Property - Municipal Bonding Implementation:
- 19. w w w . m a i n s t r e e t h a c k e n s a c k . c o m 1. 3,500 to 5,000 Residential Units 2. Two Way Street System 3. 18 Hour Downtown District 4. 60 - 65% Restaurants (New Development) 5. Performing Arts Center 6. Separation of CSO in the Downtown 7. Riverfront Park Completion 8. Tax Rateables + $6 - $10 Million Per Year 9. Public Parking Downtown Hackensack Next 10 Years:
- 20. w w w . m a i n s t r e e t h a c k e n s a c k . c o m OTHER SLIDE
Editor's Notes
- Up until 1950’s Hackensack was a premier shopping district of Northern NJ anchored by two major department stores; Sears Roebuck and Arnold Constable. But as the automobile culture dominated the construction of suburban style malls like Garden State Plaza and Bergen Mall catalyzed the decline of Hackensack’s Main Street. Main Street was not competing with the hundreds of stores and parking facilities that the suburban malls offered. And as time went on Main Street lost some of its charm and appeal that it once had. I will now turn the presentation over to Kareem who will be discussing the prominent assets of Hackensack.
- Up until 1950’s Hackensack was a premier shopping district of Northern NJ anchored by two major department stores; Sears Roebuck and Arnold Constable. But as the automobile culture dominated the construction of suburban style malls like Garden State Plaza and Bergen Mall catalyzed the decline of Hackensack’s Main Street. Main Street was not competing with the hundreds of stores and parking facilities that the suburban malls offered. And as time went on Main Street lost some of its charm and appeal that it once had. I will now turn the presentation over to Kareem who will be discussing the prominent assets of Hackensack.
- Up until 1950’s Hackensack was a premier shopping district of Northern NJ anchored by two major department stores; Sears Roebuck and Arnold Constable. But as the automobile culture dominated the construction of suburban style malls like Garden State Plaza and Bergen Mall catalyzed the decline of Hackensack’s Main Street. Main Street was not competing with the hundreds of stores and parking facilities that the suburban malls offered. And as time went on Main Street lost some of its charm and appeal that it once had. I will now turn the presentation over to Kareem who will be discussing the prominent assets of Hackensack.
- Up until 1950’s Hackensack was a premier shopping district of Northern NJ anchored by two major department stores; Sears Roebuck and Arnold Constable. But as the automobile culture dominated the construction of suburban style malls like Garden State Plaza and Bergen Mall catalyzed the decline of Hackensack’s Main Street. Main Street was not competing with the hundreds of stores and parking facilities that the suburban malls offered. And as time went on Main Street lost some of its charm and appeal that it once had. I will now turn the presentation over to Kareem who will be discussing the prominent assets of Hackensack.
- Up until 1950’s Hackensack was a premier shopping district of Northern NJ anchored by two major department stores; Sears Roebuck and Arnold Constable. But as the automobile culture dominated the construction of suburban style malls like Garden State Plaza and Bergen Mall catalyzed the decline of Hackensack’s Main Street. Main Street was not competing with the hundreds of stores and parking facilities that the suburban malls offered. And as time went on Main Street lost some of its charm and appeal that it once had. I will now turn the presentation over to Kareem who will be discussing the prominent assets of Hackensack.
- Up until 1950’s Hackensack was a premier shopping district of Northern NJ anchored by two major department stores; Sears Roebuck and Arnold Constable. But as the automobile culture dominated the construction of suburban style malls like Garden State Plaza and Bergen Mall catalyzed the decline of Hackensack’s Main Street. Main Street was not competing with the hundreds of stores and parking facilities that the suburban malls offered. And as time went on Main Street lost some of its charm and appeal that it once had. I will now turn the presentation over to Kareem who will be discussing the prominent assets of Hackensack.
- Up until 1950’s Hackensack was a premier shopping district of Northern NJ anchored by two major department stores; Sears Roebuck and Arnold Constable. But as the automobile culture dominated the construction of suburban style malls like Garden State Plaza and Bergen Mall catalyzed the decline of Hackensack’s Main Street. Main Street was not competing with the hundreds of stores and parking facilities that the suburban malls offered. And as time went on Main Street lost some of its charm and appeal that it once had. I will now turn the presentation over to Kareem who will be discussing the prominent assets of Hackensack.
- Up until 1950’s Hackensack was a premier shopping district of Northern NJ anchored by two major department stores; Sears Roebuck and Arnold Constable. But as the automobile culture dominated the construction of suburban style malls like Garden State Plaza and Bergen Mall catalyzed the decline of Hackensack’s Main Street. Main Street was not competing with the hundreds of stores and parking facilities that the suburban malls offered. And as time went on Main Street lost some of its charm and appeal that it once had. I will now turn the presentation over to Kareem who will be discussing the prominent assets of Hackensack.
- Up until 1950’s Hackensack was a premier shopping district of Northern NJ anchored by two major department stores; Sears Roebuck and Arnold Constable. But as the automobile culture dominated the construction of suburban style malls like Garden State Plaza and Bergen Mall catalyzed the decline of Hackensack’s Main Street. Main Street was not competing with the hundreds of stores and parking facilities that the suburban malls offered. And as time went on Main Street lost some of its charm and appeal that it once had. I will now turn the presentation over to Kareem who will be discussing the prominent assets of Hackensack.