First building in Harrison Station mixed-use development opens

via NJ.COM

By Travis Fedschun/The Jersey Journal

A ribbon-cutting ceremony on Friday, Dec. 9, 2011, marked the completion of the first phase of the Harrison Station mixed-use development at 300 Somerset St. Here, David Barry and Michael Barry of Ironstate Development together with U.S. Sen. Robert Menendez, center, Mayor Raymond McDonough, third from left, and Hudson County Executive Thomas DeGise, fourth from right, and other local officials, cut the ribbon. Reena Rose Sibayan/The Jersey Journal

The first building in the $750 million Harrison Station mixed-use development opened yesterday afternoon with ceremonies attended by Sen. Robert Menendez and local officials.

The new development includes a beach volleyball court, landscaped courtyard with a pool, and a state-of-the-art fitness center just steps from the Harrison PATH station.

“This project serves as a model for New Jersey,” said Menendez. “Projects like this use existing infrastructure we already have to concentrate and create opportunities for others.”

The building, at 300 Somerset St., includes 275 luxury apartments in a four-story structure with 12,814 square feet of street-level retail space. More than 130 apartments have been leased and a combined total of 5,500 square feet of retail space has been leased to Five Guys Burgers & Fries and Pronto Gourmet, both opening in January.

Sen. Menendez praised the project as being a “perfect example” of how to create smart-growth development around transit stations, something the senator said he has been a proponent of on the national level.

The developers of the project, Ironstate Development Company and the Pegasus Group, also announced the next phase of the Harrison Station mixed-use development. A new 136-room LEED-certified Element by Starwood hotel will begin construction in early 2012.

Rents in the Harrison Station building range from around $1,600 for a one-bedroom to the $2,100’s for a two-bedroom. Every unit in the building also features a handicapped-accessible bathroom to comply with the Americans with Disabilities Act.

“Newport and Exchange Place are becoming far too expensive. This is right by the PATH and allows you more access with your money,” said Sentil Kumarakesavan, who telecommutes to his job in Philadelphia but wanted Amtrak access for when he has to go to his office.

Once complete, Harrison Station will feature 2,600 residences, 80,000 square feet of retail space and a hotel with a retail concourse. The entire 27-acre redevelopment project will create 2,000 construction jobs and 400 permanent commercial jobs, officials said. MORE PHOTOS >>>

 

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