Two Six-Story Mid-Rise Apartment Buildings Approved for Lanidex Plaza
PARSIPPANY — The Parsippany-Troy Hills Planning Board approved the PARQ proposal on Monday, October 5. The vote was 5-2. Ms. Judy Hernandez and Mr. Dominic Mele voted against the project.
The plan is for an upscale mixed-use development encompassing 75 high-end townhomes, 525 luxury apartments, 16,000 square feet of experiential retail, invigorating green spaces, and state of the art facilities to be known as PARQ Parsippany.
It will also include athletic fields and recreational facilities that will be integrated into the community for public events, sports programs, and open to Township residents.
PARQ Parsippany will usher in a new era of Lanidex Plaza, a suburban office complex built in the mid-1970s to early 1980s set on 45 acres with 450,000 square feet of commercial office space.
The transformation from Lanidex Plaza to PARQ Parsippany will meet the demand of the ever-changing needs of lifestyle for the next generation while reacclimating the property back into the fiber within Parsippany’s community.
The proposal includes 525 apartments located in Buildings 1 and 2 and 75 three-bedroom Townhomes. In addition Building 1 will contain approximately 2,600 square feet of retail (orange area) and Building 2 will contain approximately 8,140 square feet of retail (orange area).
The Owners’ have carefully considered and listened to the Township to develop a vision that will reenergize the property and seamlessly integrate it with the design and planning to transcend expectations and complement the community.
The transformation of the property will commence with Phase I and II with anticipated completion in 2025. The development plan was crafted to accommodate the existing tenants in the complex.
The residential component will include luxury apartments with elegant hotel-style lobby, club suite, co-working alcoves, private event rooms, state-of-the-art fitness centers, resort-style pools with BBQ and lounge areas, and townhomes which will feature contemporary farmhouse style architecture with a private clubhouse, outdoor pool, and highly amenitized indoor and outdoor spaces.
Phase I includes the development of the 75 Townhomes. It is estimated that phase will take sixteen months to complete. Phase II…