HARRISON STATION GRAND OPENS WITH LUXURY RENTALS AND AMENITIES NEXT TO PATH STATION

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Phase I Features 275 Modern Residences In a Well-Connected Location

HARRISON, NJ – September 15, 2011 – (RealEstateRama) — A once industrial center is continuing its transition into an exciting residential neighborhood with the opening of Harrison Station, a new luxury rental community ideally situated next to the Harrison PATH Station in this Hudson County town.

With leasing now officially underway for the community’s first phase of 275 studio, one- and two-bedroom residences and the availability of immediate occupancy, the launch of Harrison Station will reenergize the town of Harrison with modern residences, a wide array of amenities, and street-level retail. The town has already seen the opening last year of a 25,000-seat stadium for the New York Red Bulls professional soccer team and the completion of a four-story parking deck available, in part, for Harrison Station residents.

Harrison Station is rising on a 27-acre site that will ultimately feature 2,600 luxury residences, 80,000 square-feet of retail and a hotel with a retail concourse, according to Ironstate Development Company and The Pegasus Group, a joint venture partnership which is developing the New Urbanism master-planned community.

“Harrison is one of the few remaining untapped regions of the New Jersey Gold Coast,” notes Michael Barry, President of Ironstate Holdings, LLC.

“It all starts with our location adjacent to the Harrison PATH Station which offers convenient mass transit service to downtown Newark in 2-3 minutes, Jersey City in ten minutes, Hoboken in 15 minutes and Manhattan in approximately 20 minutes. The site is also just off of Interstate 280 with quick access to the NJ Turnpike. Until now, what’s been missing from Harrison is a new, modern residential offering with a full suite of amenities and supportive street-level retail and dining options to create a comprehensive, lifestyle experience. Harrison Station fills that void and offers a more affordable alternative to downtown Jersey City and Hoboken.”

Monthly rents at Harrison Station currently range from the $1,200’s for studios, from the $1,600’s for one-bedroom homes and from the $2,200’s for two-bedroom residences. Three fully-furnished model homes are open for public viewing.

“The expansive residences feature the best of contemporary architecture and design for stylish, comfortable living,” notes Jacqueline Urgo, President of The Marketing Directors, Inc., Harrison Station’s exclusive leasing and marketing agent. “High ceilings, oversized windows, abundant closets, designer finishes, and chef-inspired kitchens with top-of-the-line GE appliance packages are just a few of the details that make the living experience so exceptional.”

In addition to the well-designed residences, Harrison Station residents enjoy a wide array of onsite amenities, including a two-story attended lobby, state-of-the-art fitness center, residents’ lounge with large-screen TVs and ping pong table, landscaped courtyard with outdoor pool, a beach volleyball court and a parking garage.

“Our goal is to create a vibrant mixed-use community in Harrison in the same vein as Hoboken and Jersey City that respects the industrial past of the neighborhood,” notes Richard Miller, a Principal with The Pegasus Group. “The pedestrian-friendly design and easy access to mass-transit service should appeal to professionals and anyone interested in the New Urbanism lifestyle.”

For more information about Harrison Station and to make an appointment to tour the three furnished model homes, please call (973) 484-3300, or visit www.HarrisonSTN.com.

The community’s onsite Leasing Center is located at 300 Somerset Street, Harrison, NJ, 07029

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ABOUT IRONSTATE DEVELOPMENT COMPANY
Ironstate Development is a privately held real estate development company based in Hoboken, New Jersey. The Company engages in the development of large-scale residential and hotel projects in the Northeast United States. The company currently owns and manages over 6000 residential units and currently has approximately $1 billion in the development pipeline. www.ironstatedevelopment.net
ABOUT THE PEGASUS GROUP
Founded in 1997 and based in Hoboken, New Jersey, The Pegasus Group is an owner and developer of multi-tenant real estate properties. The Company maintains the philosophy and operating style rooted firmly in adaptive reuse and urban revitalization. The Company’s principals possess more than 60 years of industry experience. www.thepegasusgroup.com

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