Mid Atlantic Real Estate Journal — New Jersey — January 13 - 26, 2012 — 23
N EW J ERSEY
ARRISON, NJ — U.S. Senator Robert Menen- dez, Hudson County Phase 1, Harrison Station mixed-use development Ironstate Development & The Pegasus Group break ground H H
executive Thomas DeGise and Harrison Mayor Raymond McDonough joined developers Ironstate Development and The Pegasus Group to celebrate the completion of the first phase of Harrison Station, a new mixed-use development rising adjacent to the Harrison, NJ PATH Station. Senator Menendez helped cut the ribbon on the 275-unit luxury rental building that also includes 12,814 s/f of street- level retail space. It is the first phase of a larger development that will ultimately include 2,600 luxury residences, 80,000 s/f of retail space and a 136- room, LEED-certified Element hotel with a retail concourse. Construction will begin in early 2012 on the hotel which represents the development’s second phase. “This project is an invest- ment in Harrison’s future that creates hundreds of jobs and paves the way for thousands more,” Senator Menendez said. “It’s a great example of smart growth and how good planning around public transportation can lead directly to economic development. This partnership is a model of how government, business and local communities can work together to usher in a new economic era for Har- rison.” ■
Shown from left: Harrison Mayor Raymond J. McDonough, Iron- state Holdings LLC President Michael Barry, Ironstate Develop- ment Company President David Barry, Harrison Councilman Jesus Huaranga, U.S. Senator Robert Menendez, Harrison Councilwoman Caroline Mandaglio, Hudson County Executive Thomas DeGise and John Johnson, Esq.
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