Stanbery, Claremont & PCCP hit 65% retail leasing at District 15Fifteen in Parsippany, NJ

PARSIPPANY, NJ — Stanbery Development Group, Claremont Development and PCCP LLC, developers of District 15Fifteen, reports the mixed-use redevelopment has confirmed more than 65% of the nearly 60,000 s/f of high-end retail space is now leased.

This latest surge in activity adds seven new leases, for a total of 12,849 s/f in finalized commitments. Currently, leases with essential service and retail providers are in process, with commercial availability ranging from 1,447 s/f to 7,358 s/f.

The overall redevelopment is continually taking new shape. Smyth at District 15Fifteen (Building A), the first residential building with 262 units, remains strong with a greater-than 75 percent lease up. Momentum also is accelerating with the successful lease launch of Mason East, offering a luxury 55-and-older lifestyle community, with move-ins beginning now. The third and final residential building, Mason, is anticipated to come online for leasing by winter 2025-2026.

Upon completion of the entire project, District 15Fifteen will feature a pedestrian-friendly town-square-style footprint with 58,600 s/f of retail and restaurant space, 498 luxury apartment rentals and a Residence Inn by Marriott.