Accurate 's 325-Unit Luxury Rental Community Breaks Ground in Parsippany


Two Four-Story Buildings on a 26-Acre Property Bring Modern Living, Amenities, and Easy Access to Vibrant Parsippany-Troy Hills Lifestyle

Parsippany-Troy Hills, NJ - Excitement is building in the Morristown area as developer Accurate breaks ground on a luxurious 325-unit rental community in Parsippany-Troy Hills. The project, located at 100 Cherry Hill Road, is set to bring a much-needed housing boost to one of New Jersey's most sought-after suburban markets.

Spread across a 26-acre property, this development is conveniently situated close to popular shops, grocery stores, and entrances to Route 80 and Route 46, just a mile from the Mountain Lakes train station. The complex will consist of two four-story buildings, each built above ground-level parking garages, with 162 and 163 units respectively. Importantly, 65 of these units will be designated for low- and moderate-income renters.

Accurate's CEO, Jack Klugmann, expressed enthusiasm about the project, noting that it results from a shared vision with Mayor James Barberio and the Town Council to create a lasting community for Parsippany-Troy Hills residents.

As with all Accurate developments, the Cherry Hill Road project is designed to deliver high-quality living spaces that transform neighborhoods and enhance residents' lives. The residences will boast modern interiors with upscale details, and a range of indoor and outdoor amenities to ensure residents' wellness, convenience, and enjoyment. Among the many planned recreation spaces are an outdoor pool and a spacious courtyard.

The first building is estimated to be completed by fall 2023, while the second building is expected to be ready in the first quarter of 2024. The community is designed by renowned architects Minno & Wasko, with interiors by Mary Cook Associates.

Situated in the heart of central Parsippany-Troy Hills, residents will be surrounded by a vibrant stretch of Morris County, bustling with commerce, thriving downtowns, and picturesque lakes, parks, and golf courses. Major highways and public transportation options, such as park-and-ride bus service and the NJ TRANSIT Montclair-Boonton rail line, make commuting to Manhattan or downtown Morristown a breeze. Additionally, Waterview Marketplace, Parsippany's newest shopping center featuring Whole Foods Market, HomeSense, Ulta Beauty, Old Navy, Shake Shack, and other brand-name retailers, is just a short drive away.

Accurate is one of New Jersey's most active developers, with projects in various urban and suburban markets. As the company continues to develop over 10,000 residential units across New Jersey, Connecticut, Pennsylvania, and Florida, the Cherry Hill Road project in Parsippany-Troy Hills is set to become a shining example of its commitment to excellence.

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About Accurate

Founded by Jack Klugmann in 2009, Accurate was built around the principle of providing quality construction to transform neighborhoods and the lives of those who live and work in the homes and buildings constructed. The company has earned a reputation for developing high-quality multifamily properties, including transit-oriented developments in key urban and suburban locations. Currently, Accurate is developing and leasing thousands of units in New Jersey, Connecticut, and Pennsylvania. A key factor in the company's success is that Accurate is both the developer and general contractor of its projects. By maintaining control over these critical aspects of any development project, Accurate is able to manage project costs and construction timetables which maximize efficiency and allows the Company to complete projects ahead of schedule and at or below budget.

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