BlueGate Partners, LLC (“BlueGate”) arranged a combined
$78 million construction and mezzanine financing loan with Wells Fargo and
Nationwide for Ironstate Development’s URL® Harrison, a to-be-developed
mixed-use property, located two blocks from the Port Authority Trans Hudson
(“PATH”) rapid transit station in Harrison, NJ. Scheduled to consist of 409
Class-A apartment units, a 5,300 square foot in-building cafe and 4,526 square
feet of ground floor retail, URL® Harrison will be the fifth structure built in
a larger planned community known as Harrison Station.
URL® Harrison will bring the new-urbanist living concept Urban
Ready Living (“URL”) to Harrison which offers innovative layouts and clean
designs that includes built-in furniture to allow future residents to better
maximize space. Community amenities are scheduled to include an outdoor
swimming pool with sundeck, a spacious on-site café, an expansive 5,300 square
foot fitness center and a “smart locker” system that accepts packages so
residents will never miss a delivery. With apartment amenities featuring
luxurious bamboo floors, gourmet stainless steel appliances and open industrial
layouts with oversized windows and an increased emphasis on establishing a
community feel, URL® Harrison will set the new standard for
urban living in Harrison, NJ.
BlueGate is a boutique real estate investment banking firm with
offices in New York and Palm Beach, and offers services in the areas of
investment sales, portfolio and property financing, and debt and equity capital
raising for real estate projects.