The groundbreaking ceremony for PARQ, a multi-generational community, was recently held in Parsippany, New Jersey.
PARQ is located at the former Lanidex Plaza in Morris County, near I-287 and I-80, with the transformation of the 23-acre portion of Lanidex Plaza expected to conclude in 2025. The new community will include townhomes, multi-family residences, onsite retail, open green spaces, and state-of-the-art amenities.
The first phase of the transformation includes Multi-Family Building 1, which features 275 multi-family residences, convenience retail, indoor and outdoor amenity space, and parking. There will also be 75 clustered courtyard townhomes with two-car garages, and an athletic field, concession building, restrooms, and playground.
The second phase includes Multi-Family Building 2, which features 250 multi-family residences, convenience retail, indoor and outdoor amenity space, and parking. It will serve as part of the Township of Parsippany’s fulfillment of its state-mandated affordable housing obligations.
Both multi-family buildings will tout green design elements, as well as smart building and home features that promote wellness. The multi-family buildings will also feature a welcoming lobby with motor court drop-off, upscale club suite, private event room, children’s playroom, state-of-the-art fitness center, resort-style pool with outdoor BBQ and lounging areas, and co-working alcoves.
Haytham Haidar, Managing Director of PARQ, noted how this project will usher in a new era in Morris County. “PARQ will forge us into the 21st century with state-of-the-art facilities, vast and welcoming green spaces for the community to enjoy, a recreational complex open to residents and sports programs to utilize, and enhanced revenue as a result of the site’s modernization.”
Prior to being Lanidex Plaza, an office complex, PARQ was known as Olson’s Farm during the late 1960s.