PARSIPPANY — The Parsippany-Troy Hills Township Council is expecting to vote on Ordinance R2018-157 “Resolution Designating 1515 Parsippany, LLC as Redeveloper of the Property Known as Block 200, Lot 1.2 in the Township of Parsippany-Troy Hills and Authorizing the Execution of a Redevelopment Agreement with 1515 Parsippany LLC for the Redevelopment of Such Property for a Mixed-Use Development in Accordance with the Redevelopment Plan.”
At the Parsippany-Troy Hills Township Planning Board meeting of Monday, September 24, the board is recommending to approve the project. All members of the Planning Board voted for the redevelopment plan, with the exception of Councilwoman Janice McCarthy and the Mayor’s representative Judy Hernandez.
If this project, to be located at 1515 Route 10 East, if approved will be the most dense housing and retail complex ever built in Parsippany. According to Stanbery’s website, (click here) the project size has increased to 500 upscale apartments to go along with the 100,000 square feet of retail and restaurants. According to Mayor Michael Soriano, they are proposing only 441 apartments.
Currently the site of two vacant office buildings, Stanbery Development of Ohio had originally proposed a mixed use of of approximately 100,000 square feet of retail along with approximately 250 apartments on the 11 acre site.
