HARRISON, N.J. — Bedminster, N.J.-based Advance Realty, in partnership with the township of Harrison, has completed environmental site remediation for Riverbend District, a transit-oriented, mixed-use project located in Harrison. The brownfield site will be ready for infrastructure work following the removal of 48,000 cubic yards of contaminated soil from the project site. Once this occurs, construction will begin for site utilities and roadways, which is expected to be complete in time for the October 2009 opening of the new, 25,000-seat Red Bull Arena. Vertical construction for Phase I of the project is expected to begin in early 2010. The first phase will comprise 1.5 million square feet of office space, 800,000 square feet of retail and restaurant space, approximately 1,800 for-sale and rental residential units, a 200-room hotel, another 350-room, full-service hotel with 25,000 square feet of conference space, a wellness center, and a 16-screen cinema. The project is located in close proximity to multiple mass transit options, including N.J. Transit, Amtrak, and an onsite PATH station that is receiving $180 million in upgrades. Riverbend District was formerly known as Harrison MetroCentre, before Advance Realty decided to change the project name.

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‣ Arbor Realty Trust
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