Vango Development breaks ground on The Parker East in East Rutherford, NJ

Boutique rental building moves forward with $25M construction loan from ConnectOne Bank

MHS Architecture©

East Rutherford, NJ — Vango Development has broken ground on The Parker East, a new five-story, mixed-use building that will bring 86 luxury rental residences and 1,100 s/f of street-level retail space to 263 Hackensack St. in East Rutherford. Construction was made possible by a $25 million loan provided by ConnectOne Bank, which closed in January 2025. The deal was facilitated by ConnectOne Bank president Elizabeth Magennis and managing director Bill Tierney. Delivery of the building is expected by June 2026.

“The Parker East reflects our ongoing commitment to thoughtful residential development in well-connected communities,” said Van Golemis, CEO of Vango Development. “We’re excited to begin construction on this project, which continues our investment in Bergen County and builds on the strong response to The Parker mixed-use properties in neighboring Rutherford.”

Designed by MHS Architecture, The Parker East will serve as a landmark residential offering just a short walk from the Rutherford Train Station and the shops, restaurants, and entertainment of Rutherford’s charming town center. The building will feature a prominent corner entrance at Hackensack St. and Winter Place, accented by a decorative trellis structure. A dark brick base and clean contemporary lines will anchor the design, with the architectural palette carefully selected to reflect the scale and texture of neighboring town centers.

Inside, the building will offer a collection of one- and two-bedroom residences featuring high ceilings, luxury plank flooring, quartz countertops, soft-close cabinetry, stainless steel appliances, and spa-inspired bathrooms with Kohler fixtures.

The Parker East’s amenities have been designed to foster community and complement the lifestyle of today’s renter. Residents will enjoy a state-of-the-art fitness center with both cardio and free weight zones, a fully furnished lounge and clubroom for entertaining or relaxation, and a sophisticated lobby with lounge seating, breakout work areas, and on-site management. There’s also a dog spa and covered garage parking.

A rooftop terrace will serve as an expansive outdoor oasis with BBQ stations, dining areas, and lounges—all oriented west to capture sunset views across downtown Rutherford and east toward the Meadowlands and the NYC skyline. A landscaped courtyard at the center of the building will feature additional grills and gathering spaces for outdoor relaxation and socializing.

“The design of The Parker East embraces its role as a gateway to East Rutherford,” said Bruce Stieve, AIA, principal of MHS Architecture. “From its strategic corner entry to its elevated rooftop amenities, the building was conceived to be experienced from all angles, whether walking from the train, driving along Rte. 17, or stepping into the building’s light-filled interior spaces. The materiality, scale, and programming reflect a deep understanding of both the site and the lifestyle expectations of today’s residents.”

The Taylor Lucyk Group- Christie’s International Real Estate Group NJ will oversee the leasing program for The Parker East.

Coli Construction is serving as the project’s general contractor.