Developer plays hardball in Parsippany redevelopment revisions
Morristown Daily Record Many New Jersey municipalities were already struggling with a new wave of court-supported affordable housing development proposals when the COVID-19 pandemic hit in late winter. Nine months later, the coronavirus is contributing to the changes in the landscape in Parsippany. The developer of a long-planned mixed-use project to replace two empty office buildings said its retail partners are bailing because of the new coronavirus economy. So what will Stanbery Developers do? Cut back on the retail component and add more sellable housing, increasing an already-dense 441...
Source: njherald.com