The Eddy, a 310-unit apartment project at 555 First St. in Harrison by Ironstate Development Co. and the Pegasus Group, was designed by Front Studio Architects in collaboration with Minno & Wasko Architects and Planners and BG Studio. — Courtesy: Ironstate/Pegasus
By Joshua Burd
Ironstate Development Co. and the Pegasus Group have taken the wraps off a collection of 310 apartments in Harrison, their latest project along the town’s still-growing waterfront.
The partners last week announced the launch of leasing at The Eddy, which sits at 555 First St. and about a half-mile from the Harrison PATH station. The property is home to studio, one- and two-bedroom units starting in the $1,500, with up to three months free in grand opening incentives, along with a host of high-end common spaces for residents.
“We’re thrilled to officially launch our leasing program at The Eddy in a neighborhood that has become a highly desirable extension of the New Jersey Gold Coast,” said Michael Barry, Ironstate’s CEO and president. “The Eddy was designed to showcase everything that makes the Harrison lifestyle appealing, including compelling value when compared with locations like Jersey City and Hoboken. Renters will appreciate the thoughtfully designed interior spaces, upscale amenities, and a location that blends waterfront living with access to local shops and services, as well as Manhattan via the PATH system.”
Both Ironstate and Pegasus are longtime players in the effort to redevelop Harrison’s formerly industrial waterfront. Designed by Front Studio Architects in collaboration with Minno & Wasko Architects and Planners and BG Studio, The Eddy seeks to pays homage to the past with an iridescent brick and metal façade, the developers said, giving way to upscale interiors.
The Marketing Directors is the property’s marketing and leasing agent.
“The Eddy continues our collective goal of introducing modern living options to Harrison while respecting the local fabric,” said Richard Miller, a principal with The Pegasus Group. “We’re confident that our newest offering will once again appeal to professionals and those interested in the New Urbanism lifestyle.”
In a news release, the developers said The Eddy offers a fitness program with app-based virtual classes, high-end cardio equipment and private trainers available to residents for an additional fee. Other amenities include a space that doubles as a yoga studio and children’s room, a resident lounge and an Eddy’s Canteen vending area with coffee and snacks available for purchase.
Outdoors, residents have access to a landscaped courtyard with a pool, multiple seating options, lawn game areas, three gas fire pits with seating and four grills, the developers said. The Eddy also sits among a growing selection of retail and restaurants, with strong connectivity to the surrounding region via the PATH station and Interstate 280.
“The Eddy captures all of the urban energy and excitement that seems to emanate from the ground up in Harrison,” said Jacqueline Urgo, president of The Marketing Directors. “It is the perfect addition to the neighborhood. Residents will enjoy a lifestyle similar to what you find in Hoboken and downtown Jersey City, but at an enhanced value. We’re excited to open our doors and showcase everything this exceptional community offers.”
Ironstate and Pegasus have also partnered in the town to build Harrison Station 300, Harrison Station 330 and the Element Harrison-Newark hotel. The Eddy offers model units including a studio with interior design by Rosalie Nunez, a one-bedroom with interior design by Cochineal Design and a two-bedroom with interior design by BG Studio.