Solid leasing at Eddy in Harrison shows there’s still demand for luxury rentals

Luxury rentals along the Harrison waterfront are moving so steadily that Ironstate Development and the Pegasus Group have started Phase 2 of the Eddy just eight weeks after leasing on Phase 1 opened.

The opening of the new section of homes, which includes premium locations with views of the Harrison waterfront and downtown Newark skyline, includes the remaining 160 units of the 310-unit property.

Eddy officials said approximately 90% of Phase 1’s 150 units already have leased.

Studios, one- and two-bedroom homes are currently available at monthly rental rates starting from the $1,500s, inclusive of up to three months free on a 15-month lease, according to the Marketing Directors, the community’s exclusive marketing and leasing agent.

Eddy officials said immediate occupancy is available. Click here for more information.

“The Eddy has quickly resonated with renters looking for a modern lifestyle experience characterized by well-appointed living spaces, forward-thinking amenities and a convenient location,” Ironstate President Michael Barry said. “With more and more people returning to vibrant urban settings, this is an ideal time to introduce the next section of homes and welcome additional residents to the Eddy.”

Richard Miller, a principal with the Pegasus Group, said the project meets a need.

“We’re passionate about the residential communities we create here in Harrison, and I think the attention to detail and hard work our team put into this community is reflected in the finished product,” he said. “It’s also reflected in the spirited leasing activity to date.”

The Eddy borders the Passaic River and is a short walk from the Harrison PATH station, which offers a 20-minute commute to Manhattan.

The exterior features a modern industrial aesthetic with an iridescent brick and metal façade, designed by Front Studio Architects in collaboration with Minno & Wasko Architects and Planners and BG Studio.

Inside, the residences boast contemporary design with bright, airy living spaces and details such as custom roller shade window treatments.

A comprehensive suite of indoor and outdoor amenities is designed to enhance the lifestyle experience, Eddy officials said. The community’s fitness program provides virtual fitness classes through an app custom tailored to the community, cardio equipment with interactive touch screens and ability to stream your favorite shows, and private trainers available to residents for an additional fee through the app.

A yoga/kid’s room caters to children for a portion of the day and functions as a yoga room the rest of the day. The resident lounge features a fireplace, individual workspaces and Eddy’s Canteen vending area with coffee and snacks available for purchase. Residents also have access to conference rooms and private workspaces with televisions. The community’s party room is an indoor/outdoor space with televisions and a kitchen inside and BBQ grill outside.

The Eddy is the latest community by the Ironstate/Pegasus partnership to open in Harrison, more than a decade after the developers made a commitment to invest heavily in the township and breathe new life into multiple underutilized properties. The developers also built Harrison Station 300, Harrison Station 330 and the Element Harrison-Newark hotel.