We go across the Hudson River to note that a huge, long-planned development involving 3,000 units of housing and 150,000 square feet of retail space has finally broken ground on the shores of the bucolic Passaic River in Harrison (which is next to Newark). The development, which is on a 27-acre site, sits next to a PATH station and a 25,000-seat soccer stadium being built for the Red Bulls. The harbinger of the "Harrison renaissance" as they're calling it, was announced in 2001, but there were some major toxic problems on the formerly industrial site including contaminated soil and huge underground oil tanks. Now that the environment is all better, phase one will be done in 2009, at which point we're expecting the Next Jersey City.
· $1B Project Begins in New Jersey [Real Deal]
· Harrison Commons [tortigallas.com]
· Across the Hudson: Red Bull Park [Curbed]