500 PARQ celebrates completion of its 275 multifamily residences in Parsippany

Nearly two years in the making, officials and community members gathered last month to celebrate the ribbon cutting of 500 PARQ in Parsippany. The event marked the completion of the 275 multifamily residences with state-of-the-art amenities.

Located at 500 Parq Lane, the development also features newly constructed townhomes by NVR. This multigenerational community looks to also include additional multifamily residences, onsite retail and open green spaces in future phases.

Haytham Haidar, CEO of PARQ, reflected on the realization of 500 PARQ, emphasizing the profound significance of the milestone.

“This project is a testament to the vision and dedication of everyone involved,” Haidar said. “From the initial groundbreaking to today’s ribbon-cutting, our commitment to creating a dynamic and inclusive community has been unmistakable. 500 PARQ stands as a symbol of progress and the bright future ahead of ‘PARQ Life Reimagined.’”

Parsippany Mayor James Barberio highlighted the positive impact 500 PARQ will have on the local community.

“500 PARQ is more than just a building; it represents a vibrant new era for Parsippany-Troy Hills,” Barberio said. “I look forward to seeing the community thrive and grow making Parsippany a top destination not only in the state of New Jersey, but in the nation.”

Anthony Milelli, managing director of PARQ, took a moment to thank those who championed the project from its inception.

“I am grateful for the endless support of the community and key individuals who have been with us from the start,” he said. “Among the many, we extend our heartfelt thanks to Bob Garofalo, Joe O’Neill, our families and numerous others who have played integral roles in bringing this project to fruition.”

Haidar also expressed appreciation for everyone who contributed to the project over the years, in particular the Khoury and Milelli families: “This journey has infused me with gratitude and vision, and ignited hope for the future of Parsippany.”

Located at the junction of Interstates 287 and 80, the project will transform the former Lanidex Plaza in Parsippany.

The PARQ development team includes Garofalo O’Neill Ruggierio LLC, real estate law; Murphy Schiller & Wilkes LLP; Esposito Construction; Belle Contractors; Minno & Wasko, Architects and Planners; Design 446, marketing and advertising; Greystar Real Estate Partners; Langan Engineering & Environmental Services; Melillo + Bauer Associates, landscape architects; and Mary Cook Associates, interior design.