RED BANK, NJ – It's called "Skin in the Game."
Which, simply put, means you put your money where your mouth is.
You have a goal and a belief that you want to achieve.
It's called risk.
And the men and women from Denholtz Properities are the epitome of why this country is great.
They're taking a risk on Red Bank.
Because they believe in Red Bank.
They have spent a lot of time, effort and commitment, which is a nice word for millions of dollars that they are betting on Red Bank.
"Betting." "Risk." Interchangeable really.
These are the guys, with their bankers, backers, lawyers and the support of local government, are changing the west side of Red Bank.
You know the west side of Red Bank. The "by the railroad tracks," part of town.
They see and believe in the future of Red Bank.
The venue: directly east of the railroad tracks on Chestnut Street, a big white tent, a beautiful wooden oblong bar, top liquor and wine, local food and Brian Kirk and the Jirks (video), who, with their brass horns, just cooked.
It really could not have been better.
Celebrating their new headquarters on the west side of Red Bank, executives from Denholtz Properties were joined by Governor Phil Murphy, Red Bank Mayor Pasquale Menna, project partners, and members of the local community to celebrate Denholtz’ brand-new headquarters in Red Bank.
Located at 116 Chestnut Street, the firm’s 12,000+ square foot-office is just a short walk from the Red Bank Transit train station and will have over 60 employees.
Adjacent to their offices will be a currently under construction mixed-use project called The Rail @ Red Bank. The property will offer 57 luxury apartments plus 6,000 SF of retail space on the ground level. Amenities include a parking deck, gym, yoga studio, community dog wash area, club area with grilling and outdoor seating in the courtyard.
“Our move to Red Bank was motivated by one word – opportunity. Throughout our company’s history, our ability to recognize and capitalize on unique opportunities in the real estate market has defined our work,” added Stephen Cassidy, President of Denholtz Properties. “There are few towns in New Jersey that better exemplify what opportunity in action looks like than Red Bank. By positioning ourselves in the heart of one of New Jersey’s most-desirable and dynamic towns next to our most significant real estate project in recent history, The Rail @ Red Bank, we are establishing our roots in Red Bank and look towards playing an active role in the town’s ongoing transformation.”
Pasquale (Pat) Menna, Mayor of Red Bank, said, ‘This is going to bring an economic boom for Red Bank. This is transformative for the west side of Red Bank and be a harbinger that will make the quality of life for all Red Bankers better.”
Phil Murphy, Governor of New Jersey said, “Pat (Menna) made an important point that it just isn’t that that (Denholtz) choose Red Bank as their home, but the west side of Red Bank. Not just their headquarters, but “The Rail” which is in an Opportunity Zone. This is a big deal for Red Bank and for New Jersey. Congratulatios to the Denholtz team,”
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