By Joshua Burd
A major development site in Harrison is on the market for sale with approvals in place for 1,500 residential units, a 200-key hotel and large office and retail components.
According to CBRE, which is representing the would-be seller, the property at 1000 Frank E. Rodgers Blvd. South is directly between the Harrison PATH Station and the 25,000-seat Red Bull Arena. An existing redevelopment agreement with the town means the site is approved for the residential and hotel phases as well as 500,000 square feet of office space, 149,000 square feet of retail and entertainment space and 4,163 structure parking spaces.
CBRE’s Fahri Ozturk, Richard Gatto and Zach McHale, along with Ben Shapiro, are working on behalf of a local family office, noting that initial bids for are due July 9. If necessary, an auction will take place on July 23 with an estimated closing targeted for Aug. 30, 2024.
“Situated adjacent to the brand new, state-of-the-art Harrison PATH Station, which recently underwent a $250 million renovation, Harrison Town Square presents a rare opportunity to reimagine the last underdeveloped land along the PATH train line,” Ozturk said.
The offering also includes 600 Guyon Drive, a 48,500-square-foot industrial facility that is adjacent to 1000 Frank E. Rodgers Blvd.
“We are thrilled to work on such a high-profile and generational site that will completely transform the town of Harrison for years to come,” Gatto said. “The town has become a true treasure within Hudson County and northern New Jersey, combining the best of both urban and suburban living.”
