430 Main Street Site Plan Application

Joseph Basralian represented 18 Hackensack LLC in connection with its site plan application for 430 Main Street, which was approved by the City of Hackensack Planning Board.  The existing building was demolished, and will be replaced by a six-story, mixed-use building that will include ground floor retail space and 40 residential units, with workshare space for tenants and on-site parking.  He also represented Brickyard Urban Renewal, LLC in its site plan for 18 East Camden Street, approved by the City of Hackensack Planning Board.  The project is a five-story, 254-unit apartment building with a multi-story parking garage and on-site amenities including a swimming pool and exercise room.

Jason P. Capizzi closes bond financing for the Township of Weehawken

Jason P. Capizzi serves as Bond Counsel to the Township of Weehawken.  The Township successfully issued a $483,000 General Obligation Bond, Series 2019 dated October 8, 2019 to Webster Bank, N.A.  The Bond finally matures on October 1, 2024 and has a net interest cost of 2.8640%.  The Bond proceeds will be used to permanently finance various improvements and purposes including improvements to the Municipal Building, improvements to various municipal parks, and the purchase of various municipal equipment.

Jason P. Capizzi closes note financing for the Township of Weehawken

Jason P. Capizzi serves as Bond Counsel to the Township of Weehawken.  The Township successfully issued $18,082,000 of Notes, consisting of a $14,030,000 Bond Anticipation Note, Series 2019 C-1A; a $1,552,000 Tax Appeal Refunding Note, Series 2019 C-1B; and a $2,500,000 Taxable Tax Anticipation Note of 2019-2020, Series 2019 C-2 dated September 20, 2019 to the Hudson County Improvement Authority.  The Series 2019 C-1A and C-1B Notes bear interest at the rate of 2.50% per annum (computed on the basis of a 360-day year) payable at maturity on September 18, 2020; and the Series 2019 C-2 Note bears interest at the rate of 3.00% per annum (computed on the basis of a 360-day year) payable at maturity on September 18, 2020.

Eighth Building Bergen Program Examines How Adaptive Re-Use is Changing the Face of Bergen County

REGISTER NOW to attend the eighth Building Bergen program, scheduled for Wednesday, October 16 at Bergen Community College.  The program, “How Adaptive Re-Use is Creating Substantial Value for the County,” addresses how the face of commercial real estate is changing throughout Bergen County by finding new uses for old buildings. Builders, developers, planners, architects and municipal and county officials are taking existing structures and adapting them in creative and exciting ways to meet the ever-changing needs of our communities.  Local leaders, real estate professionals and urban designers will discuss how adaptive re-use is a proven way to re-build and evolve stranded assets.

The Building Bergen program, founded and co-sponsored by Winne Banta, will take place on October 16, at The Anna Maria Ciccone Theatre at Bergen Community College.  Networking and breakfast will occur from 8:00 to 9:15 a.m., followed by the panel discussion from 9:15 to 10:30 a.m.  For more information, contact Alan Levine at alevine@levinemarketingsolutions.com.

Register here for Building Bergen.

Jason P. Capizzi closes note financing for the Township of Washington (Morris County)

Jason P. Capizzi serves as Bond Counsel to the Township of Washington (Morris County).  The Township successfully issued a $4,110,000 Bond Anticipation Note (Bank Qualified) dated August 27, 2019 to TD Securities (USA) LLC.  The Note bears interest at the rate of 1.50% per annum (computed on the basis of a 360-day year) payable at maturity on August 27, 2020.  The note proceeds will be used to temporarily finance various capital improvements and/or purposes.

Jason P. Capizzi closes note financing for the Township of Morris

Jason P. Capizzi serves as Bond Counsel to the Township of Morris.  The Township successfully issued a $13,317,000 Bond Anticipation Note dated August 27, 2019 to Jefferies LLC.  The Note bears interest at the rate of 1.50% per annum (computed on the basis of a 360-day year) payable at maturity on November 26, 2019.  The note proceeds will be used to temporarily finance various capital improvements and/or purposes.

Vermella Hackensack

Joseph L. Basralian represents the developer of the 19.7-acre tract in Hackensack formerly occupied by The Record, bordered by the Hackensack River and River Street.  The first phase of the development, called Vermella Hackensack, has been approved for 272 residential units with a pool and other amenities.  The second phase has been approved for approximately 13,000 square feet of first-floor retail space and 39 residential units above the retail.  The development will ultimately have a river walk along the Hackensack River and public access to the walkway.  Construction has begun.  It is anticipated that future phases of development will follow in due course.

Best Lawyers

Four Winne Banta partners have been included on the list of 2020 Best Lawyers. Joseph Basralian and Richard Kahn are included on the list of Best Lawyers in Real Estate Law. Gary Redish is included on the list of Best Lawyers in Commercial Litigation.  Kenneth Lehn has been included on the list of Best Lawyers in Commercial Litigation, Litigation – Labor & Employment and Litigation – Real Estate.

Once again, Winne Banta Basralian & Kahn was included in the top ranks of New Jersey law firms in four areas of practice:  Commercial Litigation, Litigation – Real Estate, Real Estate Law and Litigation – Labor & Employment.

Jason P. Capizzi closes note financing for the Long Branch Sewerage Authority

Jason P. Capizzi serves as Bond Counsel to The North Hudson Sewerage Authority.  The Authority successfully issued a $1,700,000 Project Note to the New Jersey Infrastructure Bank dated August 14, 2019.  The Note bears interest at the rate of 0.00% per annum payable at maturity on June 30, 2025.  The Note proceeds will be used to temporarily finance the Authority’s WWTP Hot Water System and Final Settling Tank Improvements; and WWTP Sludge Thickening System Improvements.