Advance Realty Investors has refinanced a recently developed, 280-unit luxury apartment building in Harrison for $72 million, in a deal sourced by Cushman & Wakefield.
Advance Realty Investors has broken ground on nearly 400 new apartments in Harrison, in what will be the latest addition to a 35-acre stretch of the town’s waterfront redevelopment zone.
A joint venture has debuted a new 280-unit apartment building in Harrison, the latest piece of a fast-growing neighborhood along the town’s former industrial waterfront.
The state’s booming multifamily sector has been on display in recent weeks as developers and property managers celebrate their newest awards from the New Jersey Apartment Association.
One of Harrison’s newest luxury rental buildings is quickly approaching full occupancy, having leased 75 percent of its apartments less than a year after opening.
Developers have marked dual milestones in their effort to transform Harrison’s waterfront, breaking ground on one luxury residential project and touting the completion of another.
