The Rail at Red Bank will feature a mix of 57 one- and two-bedroom apartments, with a location directly adjacent to NJ Transit’s Red Bank station. — Courtesy: Denholtz Properties
By Joshua Burd
Denholtz Properties has launched preleasing at a collection of 57 new apartments in Red Bank, aiming to continue efforts to revitalize the borough’s west side neighborhood.
Part of what’s known as The Rail at Red Bank, the ground-up project at 118 Chestnut St. is steps from NJ Transit rail service and minutes from the municipality’s popular downtown. First occupancy is slated for May, as the developer seeks to lure renters with the building’s location, upscale amenities and 7,500 square feet of street-level retail space.
Net monthly rents including incentives start from $2,695 for one-bedroom units and $3,855 for two-bedroom homes.
“Harnessing the power of opportunistic real estate investment to drive transformative development underpins everything we do at Denholtz Properties,” said Steven Denholtz, CEO of Denholtz Properties. “From the moment we acquired the land underneath The Rail, we knew it provided us with the ideal canvas to begin to paint our vision for the West Side of Red Bank and we are excited to celebrate this important milestone.”
Designed by Rotwein+Blake, The Rail will have apartments with high-end appliances and finishes, with many units offering an additional den to accommodate remote working. Amenities will include a clubhouse with a lounge, co-working space and a kitchen area, along with a modern fitness center featuring the Mirror fitness system, a yoga studio and a game room.
Outdoors, Denholtz offers two amenity decks with fireplaces, seating areas, televisions, grills and expansive views of Red Bank as well as a dog park and a community dog wash, according to a news release. Residents also will have access to an on-site parking deck with electric vehicle charging stations, as well as secure and free on-site bike storage.
The property’s retail space has already attracted Melonhead, a juice, smoothie and açai bowl shop that plans to open later this spring. The developer, which tapped Pierson Commercial as its retail leasing agent, expects to announce other tenants throughout 2022.
Ni’Cole Doyle is the property manager for The Rail at Red Bank, having joined Denholtz after holding positions with companies such as Garden Communities, Goldberg Realty, Related Management and Meridia Living, the news release said. In addition, the firm has selected The Marketing Directors to oversee lease-up for the property.
“Red Bank’s unparalleled blend of one-of-a-kind culinary experiences, diverse entertainment options and wide range of shopping and retail options continues to make it one of the most in-demand ZIP codes in New Jersey,” Doyle said. “We are excited to tap into that dynamic spirit as we create a residential experience unlike any other in the area.”
