PARQ Development Project
Sector: Residential • Location: Parsippany, New Jersey, United States
Source: TAPinto
The PARQ development project is a redevelopment of the former Lanidex office campus in Parsippany, NJ, aimed at contributing affordable housing units to meet the township's Fourth Round affordable housing obligations. The project includes 120 affordable units plus 60 bonus credits, totaling 180 credits, and represents a $500 million private investment. The project is financially viable under a neg
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Participants
Sponsoring Agency | Obfuscated Data |
Company | Obfuscated Data |
Status
Original status | approved |
Taiyo status | Obfuscated Data |
Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
Available timestamp type | Obfuscated Data |
Contact
Contact name | Obfuscated Data |
Phone | 0000000000 |
ObfuscatedData@email.com | |
Address | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Description
Description | The PARQ development project is a redevelopment of the former Lanidex office campus in Parsippany, NJ, aimed at contributing affordable housing units to meet the township's Fourth Round affordable housing obligations. The project includes 120 affordable units plus 60 bonus credits, totaling 180 credits, and represents a $500 million private investment. The project is financially viable under a negotiated PILOT agreement, which starts at 10.75% of gross revenue and increases to 15%, generating significant municipal revenue over 30 years. |
Original sub-sector | Obfuscated |
Original Currency | USD |
Original budget | 000000000000000 |
Procurement method | Obfuscated Data |
Budget | 000000000000000 |
Location
Region | Obfuscated |
Country | Obfuscated |
State | Obfuscated Data |
County | Obfuscated |
Location | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
More Details
Project Type | Obfuscated Data |
Article Published Date | Obfuscated Data |