ULI: Harrison -- North Jersey's Next Hoboken?

A historical perspective of the Harrison, New Jersey Waterfront Redevelopment Area, including aerials, photographs and renderings of the area before the project, during construction, at the present time, and what it will look like in the future.

1. Harrison: Northern New Jersey’s Next Hoboken?
September 17, 2014

2. Harrison: Northern New Jersey’s Next Hoboken?
September 17, 2014
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3. Harrison: Northern New Jersey’s Next Hoboken?
1960

4. Harrison: Northern New Jersey’s Next Hoboken?
c. 1995

5. Harrison: Northern New Jersey’s Next Hoboken?

6. Harrison: Northern New Jersey’s Next Hoboken?
C. 2000

7. Harrison: Northern New Jersey’s Next Hoboken?
Before

8. Harrison: Northern New Jersey’s Next Hoboken?
Before

9. Harrison: Northern New Jersey’s Next Hoboken?
Before

10. Harrison: Northern New Jersey’s Next Hoboken?
Before

11. Harrison: Northern New Jersey’s Next Hoboken?

12. Harrison: Northern New Jersey’s Next Hoboken?
The Project’s Historical Perspective
•Mid 1990s – redevelopment study and determination
•2000 – first redevelopment plan and redevelopers
•Preliminary challenges to project are rejected
•9/11/01
•Hotel and Millrose projects
•2005-2006 renewed redevelopment efforts near station
–Acquisitions of Guyon Pipe and commuter parking lots
–Renewed challenges: takings filed in mid-2006
–Construction commences during appeal
•Red Bull Stadium construction
•Harrison v. DeRose, et als, decided 2/25/08
–Stay issued 3/2008
–Settlement reached 9/2008
•Environmental arbitration concludes 2/2010
•Valuation arbitration concludes 3/2011
•October, 2008 financial market turmoil
•Other acquisitions, voluntary and via eminent domain
•2012 plan amendments

13. Harrison: Northern New Jersey’s Next Hoboken?
Harrison Metrocentre
•35 +/- acres
•Former Pipe
manufacturing
facility
•Across from
Harrison PATH
station
•Zoned Industrial

14. Harrison: Northern New Jersey’s Next Hoboken?
Harrison Metrocentre

15. Harrison: Northern New Jersey’s Next Hoboken?
Harrison Metrocentre
•Resolved by “Friendly Condemnation” for $15.8M
•Development yield under Redevelopment Plan:
–700 MFR units, 200,000 sf retail, 650,000 sf office
–Parking structures for users and stadium
•Title cleansed by condemnation
•Purchase included escrow for environmental remediation ($3.5M)
and cost cap environmental insurance
•No litigation
•Matter concluded within 6 months after deal made

16. Harrison: Northern New Jersey’s Next Hoboken?
During (2012)

17. Harrison: Northern New Jersey’s Next Hoboken?

18. Harrison: Northern New Jersey’s Next Hoboken?

19. Harrison: Northern New Jersey’s Next Hoboken?

20. Harrison: Northern New Jersey’s Next Hoboken?

21. Harrison: Northern New Jersey’s Next Hoboken?

22. Harrison: Northern New Jersey’s Next Hoboken?

23. Harrison: Northern New Jersey’s Next Hoboken?

24. Harrison: Northern New Jersey’s Next Hoboken?

25. Harrison: Northern New Jersey’s Next Hoboken?

26. Harrison: Northern New Jersey’s Next Hoboken?

27. Harrison: Northern New Jersey’s Next Hoboken?

28. Harrison: Northern New Jersey’s Next Hoboken?
Riverbend District – Aerial View 2006

29. Riverbend District
Site Demolition & Remediation

30. Riverbend District
Site Demolition & Remediation

31. Riverbend District
Site Demolition & Remediation

32. Riverbend District – Aerial View 2009

33. Riverbend District - 2013

34. Riverbend District – Site Plan

35. Riverbend District
Block D
Block E & F

36. Riverbend District – North of Guyon

37. Riverbend District
Panasonic Technology Center

38. Harrison: Northern New Jersey’s Next Hoboken?
During

39. Harrison: Northern New Jersey’s Next Hoboken?
During

40. Harrison: Northern New Jersey’s Next Hoboken?
Harrison Commons

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During

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During

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During

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During

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During

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During

47. Harrison: Northern New Jersey’s Next Hoboken?
During

48. Harrison: Northern New Jersey’s Next Hoboken?
During
VIEW AT RIVERBEND & FRANK E.
RODGERS BLVD. S.

49. Harrison: Northern New Jersey’s Next Hoboken?
During
VIEW AT CRUCIBLE DRIVE & FIFTH
STREET

50. Harrison: Northern New Jersey’s Next Hoboken?
During
CLUB ROOM COURTYARD

51. Harrison: Northern New Jersey’s Next Hoboken?
During
ROOF TERRACECONCIERGE

52. Harrison: Northern New Jersey’s Next Hoboken?
During

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During

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During

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During

56. Harrison: Northern New Jersey’s Next Hoboken?
During

57. Q&A?
Thank you!