The pool at The Eddy, a 310-unit luxury apartment development at 555 First St. in Harrison by Ironstate Development Co. and The Pegasus Group — Courtesy: QuallsBenson
By Joshua Burd
Developers have released the second phase of homes at a 310-unit luxury apartment project in Harrison, citing strong leasing activity since its debut earlier this year.
Ironstate Development Co. and The Pegasus Group touted the milestone on Thursday, some six weeks after the launch of leasing at what’s known as The Eddy. The project, which sits at 555 First St., has attracted renters with an upscale design, its proximity to mass transit and a location along the Passaic River.
Rents at the collection of studio, one-bedroom and two-bedroom homes start at $1,500, including incentives.
“The Eddy has quickly resonated with renters looking for a modern lifestyle experience characterized by well-appointed living spaces, forward-thinking amenities and a convenient location,” said Michael Barry, president of Ironstate. “With more and more people returning to vibrant urban settings, this is an ideal time to introduce the next section of homes and welcome additional residents to The Eddy.”
The Marketing Directors is the leasing agent for the complex, the latest project by Ironstate and Pegasus. They highlighted an exterior featuring a modern industrial aesthetic with an iridescent brick and metal façade, which was designed by Front Studio Architects in collaboration with Minno & Wasko Architects and Planners and BG Studio.
“We’re passionate about the residential communities we create here in Harrison, and I think the attention to detail and hard work our team put into this community is reflected in the finished product,” said Richard Miller, a principal with The Pegasus Group. “It’s also reflected in the spirited leasing activity to date.”
The developers also touted the site’s proximity to the Harrison PATH station, along with amenities such as a fitness center with virtual programs, a yoga and children’s playroom, a resident lounge and a landscaped courtyard and pool deck.
“The Eddy offers a compelling combination of brand-new residences, fantastic amenities, exceptional value and a dynamic Harrison location,” said Jacqueline Urgo, president of The Marketing Directors. “This is the perfect time for phase two to open and provide new renters even more options to choose from.”