Press Release brought to you by Heller Industrial Parks, Inc.

Local Officials Join Heller Urban Renewal for Demolition Ceremony for Harrison Station Development

11/17/2011

 

Transit-Oriented Redevelopment to Revitalize 10.5-Acres of Industrial Brownfields Adjacent to PATH Station in Harrison, N.J.

 

HARRISON, NJ – (November 17, 2011) – Harrison Mayor Raymond J. McDonough today joined executives from Heller Urban Renewal, the redevelopment arm of Heller Industrial Parks, one of the nation’s largest privately-held real estate owners and developers, to celebrate the start of a demolition process that will launch development of Harrison Station, an approximately 600-unit, mixed-use, transit-oriented redevelopment project in Harrison, N.J.

 

“Today marks an important and exciting step in the transformation of Harrison into a true, 24/7 destination,” said Jeffrey J. Milanaik, President, Heller Industrial Parks, Inc.“Harrison Station will bring a new vitality to Harrison and generate significant tax ratables at a time when construction levels are at their lowest in decades. Additionally, this project adheres to the principles of smart growth development, providing direct access to the PATH station and further serving to create a pedestrian-friendly environment in Harrison to the benefit of the entire community.”

 

Locateddirectly adjacent to the PATH station at 700 Frank E. Rodgers Boulevard, the 10.5-acre site of Harrison Station currently houses approximately 750,000 square feet of blighted industrial buildings, which Heller will demolish in a yearlong process that also includes environmental remediation of the brownfield property.

 

“Heller’s Harrison Station will play a significant role in the ongoing revitalization of our town, attracting new residents and businesses, and spurring economic development,” said Mayor McDonough. “I applaud the Heller team for its commitment to the future of our community, and look forward to seeing progress made on this important project.”

 

Designed by NK Architects in collaboration with Heller, Harrison Station will be comprised of six residential mid-rise towers that will adhere to the tenets of sustainable design, offering a mix of one- and two-bedroom luxury residences and approximately 30,000 square feet of ground-floor retail. Future residents will have access to numerous lifestyle-enhancing amenities, including a glass-enclosed gym and meeting/conference rooms.

 

The first phase of vertical construction, which is expected to begin in 2013, will include the development of luxury rental apartments.

 

Additionally, Harrison Station will be developed to provide direct sheltered access to the adjacent PATH station, which is planned to undergo a $180 million renovation to improve service and upgrade its facilities. The site is also close to major roadways including Route 280 and is in walking distance to the Red Bull Arena soccer stadium.

 

In 2003, Heller was appointed redeveloper of the former General Motors site, previously home to the Hyatt Roller Bearing Company. Heller has deep roots in the Harrison community. It was originally founded as I. Heller Construction Co., Inc., by Isaac Heller, the founder and creative force behind Remco Toys, which was located in Harrison.

 

 

About Heller Urban Renewal LLC

Heller Urban Renewal is the redevelopment arm of Heller Industrial Parks (HIP). Founded in 1966, HIP is one of the nation’s largest privately held industrial park owner/developers, specializing in the building, leasing and management of strategically located distributions centers. The company’s success lies in its ability to locate and reposition overlooked development opportunities. HIP owns 12.4 million square feet concentrated in New Jersey’s heavily traveled Northeast corridor, 1.6 million square feet in the Dallas/Ft. Worth area, 420,000 square feet in rapidly expanding Houston, and 1.6 million square feet in Pennsylvania, Illinois, Indiana and Kentucky. While industrial distribution centers are the core of the company’s business, Heller is currently offering “customer-centric” services like energy-efficient lighting, solar power and its Edison Industrial Park has been granted Foreign Trade Zone (FTZ) status. For more information, visit www.hellerpark.com.

 

###

11/17/2011 - 15:27

Source

Heller Industrial Parks, Inc.

Want more news about Heller Industrial Parks, Inc.? Click here