Denholtz Properties is eyeing a year-end delivery of Southbank at the Navesink, a 10-unit luxury condominium complex at 4 Boat Club Court in Red Bank. — Rendering by Rotwein+Blake/Courtesy: Denholtz Properties
By Joshua Burd
Denholtz Properties has sold five of 10 luxury condominiums that the developer is building along the Navesink River in Red Bank.
The firm, which is based in the borough, broke ground last fall on what’s known as Southbank at the Navesink, seeking to lure buyers to a waterfront location that’s also steps from the downtown. It’s now marking the 50 percent sold milestone as it prepares to deliver the project by the end of the year.
The four-story complex is rising at 4 Boat Club Court, just north of West Front Street. Denholtz did not disclose the sale price of the homes.
“Our immediate sales success at Southbank at the Navesink speaks to the broad appeal of this truly one-of-a-kind property,” said Deborah James of Heritage House Sotheby’s International Realty, the exclusive realtor for Southbank at the Navesink. “For buyers hoping to tap into the dynamism of downtown Red Bank while enjoying an unparalleled luxury living experience, there is no property quite like this.”
Southbank at the Navesink will include a mix of two- to three-bedroom homes with high-end design, materials and appliances, according to a news release. Six of the 10 units will occupy a single floor ranging from 2,142 to 2,496 square feet, while the remaining four will be duplex penthouses with more than 2,935 square feet of interior living space, plus private terraces and courtyards.
Residents, meantime, will be steps from Front and Broad streets, which have a vast selection of shops, restaurants and cultural institutions. Denholtz also cited the complex’s elevated riverfront location and floor-to-ceiling glass windows, which will provide natural light and panoramic views of the Navesink River.
The project comes as the firm prepares to open The Rail at Red Bank, a collection of 57 apartments and ground-floor retail space next to its corporate headquarters on Chestnut Street and the Red Bank train station.
“Projects like Southbank at the Navesink and The Rail at Red Bank are emblematic of our approach to real estate development,” said Steven Denholtz, CEO of Denholtz Properties. “Looking beyond simply constructing buildings, we aim to create experiences that are unmatched in their local markets and enhance the surrounding community. I am proud to say we have accomplished that goal with these transformative projects, and we look forward to welcoming residents throughout this year.”