The Wall Street Journal‘s Melanie Lefkowitz reports on the development boom in Harrison, N.J.
The town of Harrison, N.J., has long offered its residents a friendly, diverse and safe community; easy access to Newark, Jersey City and Manhattan; and relatively affordable wood-frame houses on quiet streets.
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The 138-room Element Harrison-Newark, a Starwood hotel, opened in August. A 141-unit luxury rental complex, the Water’s Edge at Harrison, began offering leases last week for apartments that will be available starting in October.
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Rentals at Harrison Station, which currently has 275 units, cost about $30 a square foot, with a 700-square-foot, one-bedroom apartment renting for around $1,800 a month, Mr. Barry says. Apartments in the Water’s Edge, on Dey Street near the Passaic River, are around $1,700 a month for a one-bedroom and $2,200 for a two-bedroom apartment, according to the developer, BNE Real Estate Group.
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