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Wednesday, April 11, 2018
Demolition is near for landmark building where The Record and NJMG once thrived
-- HACKENSACK, N.J.
By VICTOR E. SASSON
The end is near for the landmark Hackensack building that once served as headquarters for The Record and publisher North Jersey Media Group.
A cyclone fence encircles the building at 150 River St. and two other structures, and employees of a demolition and recycling company were seen working there today.
The city of Hackensack adopted a redevelopment plan for the property and adjacent land that includes up to 700 residential units, 70,000 square feet of retail and a 1.35-acre hotel site.
They would transform the abandoned buildings into a "mixed-use, pedestrian-oriented riverfront project" to support the revitalization effort downtown, city officials said.
The project will be the terminus of Atlantic Street, providing a direct link from Hackensack University Medical Center past the Performing Arts Center and Atlantic Street Park to the Hackensack River, the officials said.
At the city Building Department, an employee said I had to fill out an Open Public Records Act request for information on whether a demolition permit has been issued for the property, and when the buildings are scheduled to be torn down.
The Borg family retained ownership of 19.7 acres along River Street after selling "certain assets" of North Jersey Media Group to the Gannett Co. in July 2016 for about $39.3 million in cash.
Those assets included The Record and Herald News, about 30 weekly newspapers and (201) magazine.
In addition to 150 River St., the land includes 80 River St., and 62 and 70 Bridge St. (Heritage Diner, U.S.S. Ling and former naval museum).
The 150 River St. property, which is in a flood zone, was assessed for $24,947,400, and Macromedia Inc. has been paying $790,053.40 annually in taxes, according to the njparcels.com website.