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Harrison: Northern New Jersey’s Next Hoboken?September 17, 2014
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Harrison: Northern New Jersey’s Next Hoboken?September 17, 2014
Thanks to our event sponsors!
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Harrison: Northern New Jersey’s Next Hoboken?1960
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Harrison: Northern New Jersey’s Next Hoboken?c. 1995
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Harrison: Northern New Jersey’s Next Hoboken?
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Harrison: Northern New Jersey’s Next Hoboken?C. 2000
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Harrison: Northern New Jersey’s Next Hoboken?Before
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Harrison: Northern New Jersey’s Next Hoboken?Before
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Harrison: Northern New Jersey’s Next Hoboken?Before
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Harrison: Northern New Jersey’s Next Hoboken?Before
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Harrison: Northern New Jersey’s Next Hoboken?
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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
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Harrison: Northern New Jersey’s Next Hoboken? Harrison Metrocentre
• 35 +/- acres• Former Pipe
manufacturing facility
• Across from Harrison PATH station
• Zoned Industrial
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Harrison: Northern New Jersey’s Next Hoboken? Harrison Metrocentre
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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
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Harrison: Northern New Jersey’s Next Hoboken?During (2012)
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Harrison: Northern New Jersey’s Next Hoboken?
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Harrison: Northern New Jersey’s Next Hoboken?
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Harrison: Northern New Jersey’s Next Hoboken?
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Harrison: Northern New Jersey’s Next Hoboken?
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Harrison: Northern New Jersey’s Next Hoboken?
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Harrison: Northern New Jersey’s Next Hoboken?
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Harrison: Northern New Jersey’s Next Hoboken?
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Harrison: Northern New Jersey’s Next Hoboken?
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Harrison: Northern New Jersey’s Next Hoboken?
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Harrison: Northern New Jersey’s Next Hoboken?
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Harrison: Northern New Jersey’s Next Hoboken?
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Harrison: Northern New Jersey’s Next Hoboken?Riverbend District – Aerial View 2006
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Riverbend DistrictSite Demolition & Remediation
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Riverbend DistrictSite Demolition & Remediation
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Riverbend DistrictSite Demolition & Remediation
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Riverbend District – Aerial View 2009
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Riverbend District - 2013
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Riverbend District – Site Plan
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Riverbend District
Block D
Block E & F
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Riverbend District – North of Guyon
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Riverbend District Panasonic Technology Center
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Harrison: Northern New Jersey’s Next Hoboken?During
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Harrison: Northern New Jersey’s Next Hoboken?During
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Harrison: Northern New Jersey’s Next Hoboken?Harrison Commons
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Harrison: Northern New Jersey’s Next Hoboken?During
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Harrison: Northern New Jersey’s Next Hoboken?During
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Harrison: Northern New Jersey’s Next Hoboken?During
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Harrison: Northern New Jersey’s Next Hoboken?During
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Harrison: Northern New Jersey’s Next Hoboken?During
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Harrison: Northern New Jersey’s Next Hoboken?During
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Harrison: Northern New Jersey’s Next Hoboken?During
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Harrison: Northern New Jersey’s Next Hoboken?During
VIEW AT RIVERBEND & FRANK E. RODGERS BLVD. S.
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Harrison: Northern New Jersey’s Next Hoboken?During
VIEW AT CRUCIBLE DRIVE & FIFTH STREET
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Harrison: Northern New Jersey’s Next Hoboken?During
CLUB ROOM COURTYARD
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Harrison: Northern New Jersey’s Next Hoboken?During
ROOF TERRACECONCIERGE
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Harrison: Northern New Jersey’s Next Hoboken?During
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Harrison: Northern New Jersey’s Next Hoboken?During
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Harrison: Northern New Jersey’s Next Hoboken?During
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Harrison: Northern New Jersey’s Next Hoboken?During
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Harrison: Northern New Jersey’s Next Hoboken?During