A view of downtown Red Bank on recent morning — Photo by Aaron Houston for Real Estate NJ
Steven Denholtz is in a good place, literally and figuratively, thanks to the borough of Red Bank.
The veteran developer and real estate investor recently moved his company’s headquarters to the eastern Monmouth County town, setting up shop directly next to a train station and minutes from the downtown. The location is exciting, he says, but so is the prospect of tapping into all that Red Bank has to offer.
“I’m really as happy as I’ve ever been as a developer,” said Denholtz, the CEO of Denholtz Properties.
He has every reason to be enthusiastic. As you’ll read in this month’s cover story, local leaders in Red Bank are increasingly open to the idea of redevelopment and smart growth in their community. The 2.2-square-mile borough has long held the cachet of towns such as Montclair and Morristown, but new mixed-use projects have been few and far between.
Denholtz and others feel that is soon to change. The firm is not only planning a new residential and retail complex near the train station, but a boutique condominium project overlooking the Navesink River. Another developer, Tantum Real Estate, has all but completed a 35-unit residential building on West Front Street that will feature the downtown’s first new apartments in several years.
There is seemingly more to come in Red Bank, as the borough’s top officials say the town is open for business.
Our May issue also features a profile of Logical Buildings, a Livingston-based firm that uses data from utility meters, smart sensors and other devices to help building owners cut their energy usage and improve their bottom line. The company has grown immensely since it first pioneered its concept around six years ago. It’s now rolling out a user-friendly mobile app that is fueling further expansion across the country and into other service lines.
Elsewhere in this edition, we showcase the new Teterboro headquarters of NAI James E. Hanson, which recently moved from its longtime home in Hackensack. The real estate services firm, which has decades of history in the city, has managed to honor its past while building a modern workplace for its brokers, property managers and other employees.
We bring you those stories and more in our May issue. Summer will soon be upon us, but first comes another busy event season in New Jersey commercial real estate. I’m excited to see everyone in the weeks ahead, as we look forward to what will hopefully be an active market through the summer. Until then, we’ll have all the latest news and most relevant stories every day in The Briefing and every month in Real Estate NJ.
Thank you for reading, and please continue to contact us with your questions, feedback and story ideas. Enjoy the issue!