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Ora Reaches 50% Leased as Hackensack Luxury Housing Demand Accelerates

Hackensack, N.J.

Ora, a new luxury rental building featuring 270 residences and a curated amenity collection in downtown Hackensack, has reached 50% leased just three months after opening — a reflection of the strong demand for luxury housing in the city’s rapidly growing market.

Opened in February, Ora was developed by The Hampshire Companies, a full-service, private real estate investment and development firm, and its project partners, Russo Development, a leading northern New Jersey-based real estate developer, and Riverbank Management LLC, a Hackensack-based professional services firm. Manhattan-based The Marketing Directors serves as the building’s exclusive marketing and leasing agents. 

Standing at the corner of Main Street and Berry Street, Ora serves as the gateway to Hackensack’s expanding dining, shopping, and entertainment scene. The community offers studio, one- and two-bedroom residences featuring expansive 10-foot ceilings, oversized windows, luxury plank flooring, in-home washers and dryers, and stylish kitchens with stainless steel appliances and quartz countertops. Bathrooms are designed with porcelain-tiled floors and full-height ceramic-tiled walls for a sleek, modern look. Monthly rents start from the $2,100s, with grand opening incentives including two months free on a 14-18-month lease for new applicants.

Ora

Ora’s thoughtfully curated amenities cater to every lifestyle, including a seventh-story rooftop club room with a bar and billiards that opens to a sprawling outdoor terrace featuring fire pits, lounge seating, and sweeping views of the New York City skyline. Residents can also enjoy a serene first-floor courtyard with BBQ grills and dining areas, a state-of-the-art fitness center, ample co-working spaces, private conference rooms, and a pet spa.

For ultimate convenience, Ora provides concierge services, package lockers, and on-site garage parking with electric vehicle charging stations. The community’s nearly 9,000 square feet of ground-level retail space offers residents additional shopping and dining experiences just steps from their front doors.

Ora Courtyard

“Hackensack’s emergence as a premier residential destination has been fueled by a strong regional employer base, a growing array of shopping, dining, and entertainment options, and exceptional accessibility to northern New Jersey and New York City,” said James E. Hanson II, President & CEO of The Hampshire Companies. “Ora’s early leasing success underscores the city's rising appeal, and we look forward to building on this momentum as we continue toward full occupancy.”

For more information and to schedule a visit to experience Ora’s furnished model homes and amenities, please visit OraHackensack.com or call 973.963.2063. The leasing office is open daily and located at 321 Main Street, Hackensack, N.J. 07601.

 


About The Hampshire Companies       
The Hampshire Companies is a full-service, private real estate investment and development firm based in Morristown, New Jersey. The Hampshire Companies is a vibrant, dynamic organization that combines creative vision and superior execution, thereby enabling it to create and enhance value in real estate investments. Additional information on The Hampshire Companies is available online at HampshireRE.com.  

To stay connected with The Hampshire Companies and for updates on the latest transactions and news, follow Hampshire on FacebookX, and LinkedIn

About Russo Development       
Russo Development is one of the most active, privately held developers of industrial, data center, residential, and mixed-use projects in northern New Jersey. Russo has earned a reputation for well-planned developments that are distinguished by their emphasis on detail and quality. Over their 50-year plus history, Russo has completed more than sixty (60) industrial projects and has become one of the largest owners of data center space and delivered over 5,400 luxury apartments in the New York metropolitan area. The firm’s short-term development pipeline includes over 3,500 residential units and 5 million square feet of industrial space, two of the hottest sectors in the New Jersey market. To learn more about Russo Development, please visit https://www.russodevelopment.com/.

Media Contact:        
Dan Johnson       
R&J Strategic Communications         
908-304-4113       
djohnson@randjsc.com