Waypoint Residential

Winne Banta’s Khoren Bandazian represented Waypoint Residential, a Boca Raton, FL-based developer, in the acquisition from Holman Realty Associates of the property located at 437-439 Main Street and 445-451 Main Street, in Hackensack, for a combined $7.45 million.  Waypoint plans to redevelop the properties into four stories of apartments over podium parking.  The project will be Waypoint’s first midrise multifamily development in New Jersey.  It is located within Hackensack’s special improvement district in the city’s up-and-coming downtown redevelopment zone.  The project, known as Walcott Hackensack, will consist of 235 luxury units and is located two blocks from NJ Transit’s Anderson Street rail station.

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