Red Bank, N.J. – Denholtz Associates, a privately held real estate development, investment and management company, announced their updated plans for The Rail @ Red Bank Station was approved unanimous by the Red Bank Borough Planning Board.
The redevelopment project will transform a 1.25-acre site currently occupied by a 30,000-square-foot office building at 116-118 Chestnut Street, a vacant lot at 101-107 Oakland Street, and two closed restaurants into a transit-oriented mixed-use development in the heart of Red Bank, N.J. Construction is slated to begin in Spring of 2019.
The newly approved plan includes 57 one to three-bedroom apartments and ground level retail space creating a truly transformative project.
A café is also planned at the property offering convenient food service for those on-the-go. A two-level onsite parking garage with 242 spots will provide access to Chestnut Street and Oakland Street and a 95-spot parking lot will provide access to nearby Herbert and Leonard Streets.
“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.”
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