February 15, 2017
BlueGate Secures Preferred Equity Investment for BNE and Hornrock for a 257-Unit Transit-Oriented Multifamily Development in Harrison, NJ
BlueGate Partners, LLC (“BlueGate”) is pleased to announce the successful preferred equity investment for One Harrison, a 257-unit luxury development in Harrison, NJ. The 257,470 square foot building will consist of one- and two-bedroom units ranging from 550 SF to 1,100 SF in size. One Harrison will feature luxury amenities and finishes including oversized windows with river views, 9’ ceilings, stone counters, deluxe stone baths, a sun deck, and a resort-style swimming pool, to name a few.
Located 2 minutes from the Harrison PATH station, the Development will offer residents access to Jersey City, Newark, and New York City in less than 20 minutes. Recent developments in Harrison have reported strong lease-up paces and have paved the way for a burgeoning community offering affordability and convenient access to major employment hubs.
Representing the developer, BNE Real Estate and Honrock Properties, BlueGate secured the preferred equity investment from Parse Capital.
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.