A rendering of The Rail @ Red Bank Station — Courtesy: Denholtz Associates
By Joshua Burd
Denholtz Associates has received approval for a newly expanded plan to bring a mix of new apartments and commercial space to a site adjacent to Red Bank’s train station.
The developer announced this week that the borough’s planning board had approved the revised project. Known as The Rail @ Red Bank Station, the project will result in 57 luxury apartments and more than 6,000 square feet of retail space, along with 30,000 square feet of soon-to-be-renovated office space at an existing building on Red Bank’s west side.
Construction is slated to begin next spring, Denholtz said. Besides the office building, which sits on 1.25 acres at 116-118 Chestnut St., the site currently includes a vacant lot at 101-107 Oakland St. and two closed restaurants, all of which are steps from a train station.
“As Red Bank continues its remarkable evolution, we wanted to ensure that our project plan reflected the bright future on the horizon for the borough,” said Steven Denholtz, CEO of Denholtz Associates. “We feel that the substantial increase in retail space and the redesign of the residential component in our plan better positions us to create a true sense of community at the site.
“We would like to thank Mayor Pasquale Menna and the Borough Council for their support of our revised plan and we look forward to continuing to work together to implement our shared vision for the future of the West Side neighborhood and Red Bank.”
The Matawan-based firm was able to expand the project, which is years in the making, after acquiring the two vacant restaurant properties this year. Denholtz has since increased the number of apartments to 57 from 45 and the retail space to 6,000 from 600 square feet.
Lance Blake of Rotwein+Blake designed the project.
Residents will have access to amenities such as two open-air courtyards with turf and seating areas, while the property will also feature a café, a two-level on-site parking garage with 242 spots and a 95-space parking lot. The site will also benefit from its proximity to downtown Red Bank’s dining, shopping and entertainment options and its location alongside NJ Transit’s North Jersey Coast Line, which provides direct service to New York City and Hoboken.