RED BANK – An expansive mixed use development project is now on track for the area around the NJ Transit commuter rail station.
The borough Planning Board on Monday, Oct. 17 unanimously approved a plan that would encompass a number of properties on Chestnut and Oakland streets for a project that would have a residential component, as well as retail and commercial office space, along with a proposed small café.
Denholtz Associates, Matawan, is the development firm behind the project. The developer’s plans involve demolishing some of the various structures associated with the sites, located at 116- 118 Chestnut Street and 101- 107 Oakland Street, including the location currently used by the Yellow Car taxi service in the vicinity of the train station, on the borough’s West Side, and to link the new construction to existing office space on Chestnut.
The borough Planning Board on Monday, Oct. 17 unanimously approved a plan that would encompass a number of properties on Chestnut and Oakland streets for a project that would have a residential component, as well as retail and commercial office space, along with a proposed small café.
Denholtz Associates, Matawan, is the development firm behind the project. The developer’s plans involve demolishing some of the various structures associated with the sites, located at 116- 118 Chestnut Street and 101- 107 Oakland Street, including the location currently used by the Yellow Car taxi service in the vicinity of the train station, on the borough’s West Side, and to link the new construction to existing office space on Chestnut.
Plans call for the building of a 4 1⁄2 story building that will have 45 rental apartments, ranging in size from 850 square feet to about 1,100 square feet, according to project architect James Monteforte. Along with the apartments, there will be a partially below-grade parking area that can accommodate 129 vehicles.
Each apartment will have its own balcony area and there will be a common area with landscaping, providing a passive recreational space for residents.
Included in the project are plans to have just under 30,000 square feet of office and retail space and to construct a street-level 800 square-foot café fronting on Oakland Street.
With the board’s strong endorsement of the project, Mayor Pasquale Menna, who serves on the planning board, said “It’s classic. It’s elegant.
Included in the project are plans to have just under 30,000 square feet of office and retail space and to construct a street-level 800 square-foot café fronting on Oakland Street.
With the board’s strong endorsement of the project, Mayor Pasquale Menna, who serves on the planning board, said “It’s classic. It’s elegant.
“I think it will be a boon to the train station area,” Menna added.
The borough council in 2009 adopted a development initiative for what it called the train station overlay district – in the Monmouth Street and Bridge Avenue area of the station. The plan was to encourage higher density uses that combine commercial, retail and residential space in the vicinity of transit hubs as a way of stimulating economic vibrancy and encouraging development.
Menna has long pointed to the benefit of projects like the West Side Lofts mixed use development on Bridge Avenue and West Front Street and others in the area as a means for bringing about redevelopment for the borough’s West Side.
The borough council in 2009 adopted a development initiative for what it called the train station overlay district – in the Monmouth Street and Bridge Avenue area of the station. The plan was to encourage higher density uses that combine commercial, retail and residential space in the vicinity of transit hubs as a way of stimulating economic vibrancy and encouraging development.
Menna has long pointed to the benefit of projects like the West Side Lofts mixed use development on Bridge Avenue and West Front Street and others in the area as a means for bringing about redevelopment for the borough’s West Side.
Monteforte told the board, “We’re looking for a youthful project” to attract young professionals.
Steven Denholtz, a partner in Denholtz Associates, said in an email response, “Red Bank provides the perfect setting for a true transit-oriented development with great dining and retail locations in a highly desirable and convenient location close to mass transit options.”
Steven Denholtz, a partner in Denholtz Associates, said in an email response, “Red Bank provides the perfect setting for a true transit-oriented development with great dining and retail locations in a highly desirable and convenient location close to mass transit options.”
The developer hopes to begin the project in mid-2017 and construction is expected to take about a year.
