The building at 14-16 Broad Street doubled in value in just two years. (Photo by John T. Ward. Click to enlarge.)
By JOHN T. WARD
Talk about rapid inflation: a downtown Red Bank commercial building doubled in value over the last two years, according to a recent sale.
What’s Going On Here?
After seven years of vacancy, the former Smith Barney building at 55 Broad Street in Red Bank had apparently just landed a new tenant. And then: COVID-19.
After five years of dormancy, the former Smith Barney building at 55 Broad Street in Red Bank has seen some recent activity. So what’s going on here? Read on. (Photo by John T. Ward. Click to enlarge.)
A warehouse-style office building is planned for the vacant lot on Willow Drive near Branch Avenue. Below, council members examining developer Ray Smith’s plans Monday night. (Photos by John T. Ward. Click to enlarge)
By JOHN T. WARD
After years of contamination, bankruptcy and idleness, one of Little Silver’s most troubled properties may finally be getting a makeover. But first, the owner wants a zone change.
A plan for a “warehouse-style” office structure to be built on Willow Drive by commercial real estate broker and developer Ray Smith got a warm reception from the borough council during the workshop portion of its meeting Monday night.
The addition will connect two existing buildings while permitting vehicles to pass underneath. (Click to enlarge)
By JOHN T. WARD
Framed by talk about its positive effects on lunchtime restaurant business, a plan for an office bridge between two downtown buildings won easy approval from the Red Bank zoning board Thursday night.
With no objectors present, the plan by property owner Downtown Investors drew a smattering of questions about window placement and parking, as well as praise by board members.
“I do want to say, another wonderful project by the Hermans,” said member Karen Waldmann, speaking of Downtown Investors principals Jay and Todd Herman.
The two Linden Place buildings above would be connected at the second floor, as seen in the rendering, below. (Click to enlarge)
By JOHN T. WARD
One of the Wall Street brokerages that help stock Red Bank’s downtown office population is looking skyward as it plans an expansion.
Morgan Stanley, which occupies nearly all of two adjoining office buildings on Broad Street and Linden Place, wants to connect them at the second-floor level, according to plans on file with the borough.