The partnership of Advance Realty and DeBartolo Development celebrated two major milestones in the continued creation of the Riverbend District in Harrison, New Jersey, a multi-phase mixed-use development located adjacent to the Harrison PATH station.
Joined by Town of Harrison officials, the partnership broke ground on the construction of the transformative development’s next phase – a residential rental building offering 286 homes – before hosting a ribbon-cutting ceremony to celebrate the opening of Steel Works, a new community of 286 studio, one- and two-bedroom luxury apartments.
Both Steel Works and the new building (Block F) are part of a 35-acre neighborhood that provides an 18-minute train ride to New York City via the Harrison PATH station.
The Riverbend District is adjacent to Red Bull Arena, in the heart of an area that will soon be home to an abundance of restaurants, bars, shops, entertainment and culture.
“Both the construction of this new building and opening of Steel Works represent critical milestones in the town of Harrison’s ongoing revitalization,” said Harrison Mayor James A. Fife. “We are thrilled to add these state-of-the-art apartments and amenities to our already vibrant community, and look forward to the new energy and resources the rapidly developing Riverbend District will bring.”
Once complete, the Riverbend District will feature approximately 3,000 luxury apartments, alongside 100,000 s/f of premium retail.
“Steel Works represents a totally unique product in what has become one of New Jersey’s fastest-growing transit-oriented markets,” stated Peter Cocoziello, founder, president and CEO of Advance Realty.
DeBartolo Development President and COO Edward M. Kobel added: “The success of Steel Works serves as a testament to the demand for lifestyle-oriented housing in urban environments.”