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New $85 Million Harrison, NJ MF on Tap for HornRock Properties

HARRISON, NJ—HornRock Properties, a privately run real estate development firm led by Maurice and David Hornblass, is developing a 270+ unit apartment building in Harrison, NJ, that will include 15,000 square feet of retail space.

By Steve Lubetkin | Updated on August 17, 2014

HARRISON, NJ—HornRock Properties, a privately run real estate development firm led by Maurice and David Hornblass, is developing a 270+ unit apartment building in Harrison, NJ, that will include 15,000 square feet of retail space. The building will rise in a commuter-oriented neighborhood near the Harrison PATH station that is quickly becoming a popular alternative to pricier transit-oriented neighborhoods in Hoboken and Jersey City. Its expected value once stabilized will be $85 million.

“What separates us from other homebuilders actively looking to add assets is a willingness to invest and build a variety of product types as long as they meet certain criteria,” says David Hornblass. “We seek properties that are well-located, near transportation and are in markets where there is either a strong demand for a specific housing type or tremendous growth potential.”

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