Vango Development recently announced they received final approval for a new luxury rental building in Rutherford, New Jersey. This allows construction to begin on the second phase of The Parker.
The new building will be located at 118 Park Avenue, adjacent to the first phase of The Parker which is a 52-home rental building that has reportedly maintained 100% occupancy since completion in 2019.
Anticipated to come to market in spring 2023, the four-story building will deliver 60 luxury apartments and approximately 3,000 square feet of ground-floor retail space to the downtown district. It will be two blocks from the Rutherford train station.