Restaurants, Park, Apartment Complex Coming To Parsippany

PARSIPPANY, NJ — A new mixed-use development that will include restaurants, retail, a gym, and apartments has been announced for Parsippany, the development company announced.

Called "The District at 15fifteen," the new development will be located along Route 10 between I-287 and Route 202. There are currently 100,000 square feet of retail and 441 apartments are planned. Demolition of the existing buildings will start later this year, and construction on the new complex will start next year.

Stanbery Development Group, the owner and co-developer, is working on the project with Claremont Companies. The project has been approved by both Parsippany and Hanover Townships.

"We are thrilled that the townships have approved our plans for The District 15fifteen, the right project at the right time in the right place," said Mark Pottschmidt, a Stanbery partner. "This will provide an urban experience that appeals to today's professionals, who want the convenience of living and playing near where they work."

No businesses have been announced for the space yet, but Stanberry said they expect it to include "upscale experiences, quick-service offerings and great place to meet friends in a pedestrian atmosphere that will serve from breakfast through late-night."

The apartment buildings will include market rate and affordable units, ranging from studios to three bedrooms.

The complex will be a "living streetscape," and will be designed to encourage walkability, the developer said in a press release