A rendering of a 60-unit luxury apartment building at 118 Park Ave. in Rutherford — Courtesy: Vango Development
By Joshua Burd
A developer is set to expand its footprint in Rutherford after securing approvals for a new 60-unit luxury apartment building alongside a recently completed property in the downtown.
The builder, Vango Development, is eyeing a spring 2023 delivery for the project at 118 Park Ave. The structure will rise at a site two blocks from the Rutherford train station and adjacent to what’s known as The Parker, a collection of 52 apartments that the firm completed in 2019.
The developer said Tuesday that it has received final approval for the second phase, while noting that The Parker has remained 100 percent leased since it opened.
“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 include studio, one-bedroom and two-bedroom homes, according to a news release. The building will have its own entrance and lobby, but will be connected to The Parker via shared courtyard and private parking garage, while residents will have full access to shared amenities such as a high-end fitness center, a co-working lounge and a resident lounge and club room.
Meantime, a landscaped courtyard will offer outdoor social spaces with lounge seating, fire pits, grills, foosball and ping pong tables, along with a bar with a shade canopy, lighting and music.
Plans also call for some 3,000 square feet of ground-floor retail space at 118 Park, which will join the existing 5,000 square feet at The Parker. That latter will soon be occupied by new tenants including Steven’s Café, Song’E Napule and Grano.
Residents, meantime, benefit from mass transit access to Manhattan and Hoboken, proximity to major highways and the retail and dining offerings of downtown Rutherford.
New downtown Rutherford rental building hits leasing milestone
