What is the latest status of the project “One Essex Development”?

The status recorded for “One Essex Development” is planned.

What is the budget and commercial profile for the project “One Essex Development”?

Taiyo normalizes the budget of “One Essex Development” to USD 107000000.

Where can I verify the source and access all details for “One Essex Development”?

This Taiyo project page references Jersey Digs along with the original URL (https://jerseydigs.com/one-essex-hackensack-lawsuit/). Taiyo standardizes official data into a consistent, searchable project profile.

One Essex Development

Sector: Residential • Location: Hackensack, New Jersey, United States

Source: Jersey Digs

Project

Planned

The One Essex development is a $107 million project planned at 1 Essex Street in Hackensack. It is set to rise seven stories and feature 250 residential units including a 10% affordable housing component, along with a structured parking garage with 435 spaces. The project was granted a 30-year PILOT (payment in-lieu of taxes) agreement in June 2025, which was later revoked by the new city council,

Status: Prospective
Sector: Residential, Road, Car parking, Automotive
Location: Hackensack, New Jersey, United States of America
Updated: 22 Jul 2026
Source: Jersey Digs

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Project Information

4 Q

The project “One Essex Development” is an infrastructure initiative in the Residential sector, located in Hackensack, New Jersey, United States. Taiyo aggregates data on it from Jersey Digs.

Participants

Not available for this record.

Status

Original status	planned
Taiyo status	Prospective
Taiyo last update	2026-07-22

Contact

Not available for this record.

Description

Description	The One Essex development is a $107 million project planned at 1 Essex Street in Hackensack. It is set to rise seven stories and feature 250 residential units including a 10% affordable housing component, along with a structured parking garage with 435 spaces. The project was granted a 30-year PILOT (payment in-lieu of taxes) agreement in June 2025, which was later revoked by the new city council, leading to a lawsuit by the developer.
Original sector	Built Sector
Budget

Location

Country	United States of America (USA)
State	New Jersey
City	Hackensack

Source

Source	Jersey Digs
URL

More Details

Record type	Project
Sector	Residential, Road, Car parking, Automotive
Article published date	2025-09-20

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