Cleveland-Based Company Pays $3M for Secaucus Development Site

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1631 Paterson Plank Road Secaucus Sold
1631 Paterson Plank Road, Secaucus. Photo via Google Maps/Street View.

An out-of-state development firm now owns a property near Trolley Park in Secaucus that was the subject of a recent multi-family application.

Hudson County property records show that Secaucus Riverside Urban Renewal, LLC acquired the parcel at 1631 Paterson Plank Road in October 2019 for $3 million. The property, which sits across the Hackensack River from the American Dream Meadowlands complex and the western spur of the New Jersey Turnpike, was previously owned by the Schmitt Realty Company.

Secaucus Riverside Urban Renewal, LLC is registered out of the same address in Cleveland, Ohio as PIRHL, a development company that operates a New Jersey office in Mercer County’s Hamilton Township. The LLC applied to the Secaucus Zoning Board of Adjustment last year for approvals associated with a proposed 116-unit complex with parking at 1631 Paterson Plank Road. A legal notice at the time stated that 23 of the units would be reserved for “low and moderate income households.”

The premises were previously used as a cement plant run by Eastern Concrete Materials and Schmitt Builders Supply.

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