Vango Development said Sept. 21 that it received final approval for a new luxury rental building in downtown Rutherford, paving the way for construction to begin on what will be the second phase of The Parker in this Bergen County borough.
Located at 118 Park Ave., just two blocks from the Rutherford train station, the contemporary four-story building will deliver 60 luxury apartments and approximately 3,000 square feet of ground-floor retail space to the downtown district bustling with shopping, dining and business.
Anticipated to come to market in spring 2023, the asset is expected to build on the success of The Parker, the adjacent 52-home rental building that has maintained 100% occupancy since Vango completed it in 2019.
118 Park Ave. in Rutherford. – VANGO DEVELOPMENT
The Parker’s 5,000 square feet of retail space will soon be occupied by new tenants including Steven’s Café, a café offering coffee, breakfast, fresh smoothies, and gelato; Song’E Napule, an Italian restaurant; and Grano, an American pizza and panini shop.
“The Parker introduced a modern lifestyle experience to Downtown Rutherford, appealing to residents with a strong balance of well-appointed residences, stylish amenities and convenient access to New York City,” said Van Golemis, a principal of Vango Development. “We’re delighted to receive approval for the second building which will allow us to provide additional residential and retail opportunities along Park Avenue while deepening our commitment to the community at large.”
Designed by Minno & Wasko Architects and Planners, 118 Park Ave. will feature a mix of studio, one- and two-bedroom homes. The building will feature its own entrance and lobby, and will be connected to The Parker via a shared courtyard and private parking garage.
Residents will have full access to the suite of amenities shared with The Parker. Merchandised by interior designer The Childs Dreyfus Group, these include a state-of-the-art fitness center; coworking lounge; and a resident lounge/club room with billiards, shuffleboard and large-screen TVs.
Like The Parker, 118 Park Ave. will occupy the entire width of a city block, with its main entrance on Park Avenue and its rear entrance and private parking garage backing up to the quiet and scenic Chestnut Street.
The building is located two blocks from the Rutherford train station, placing commuters just one rail stop away from Secaucus Junction. New York Penn Station is less than a 30-minute train ride away, and Hoboken is less than 20 minutes away, where transfers to the PATH system are available.
