Updated plans for The Rail @ Red Bank Station have been unanimously approved by the Red Bank Borough Planning Board.
Denholtz Associates, a real estate development, investment and management company, announced the approval for the 1.25-acre, Red Bank train station adjacent redevelopment project Wednesday.
With construction set to begin in spring of 2019, Denholtz said The Rail will be situated on space currently occupied by a 30,000-square-foot office building at 116-118 Chestnut St., a vacant lot at 101-107 Oak St. and two closed restaurants.
According to the company, the acquisition of the restaurant properties earlier this year prompted Denholtz to revise its original plans for The Rail, which now include 57 one- to three-bedroom apartments, over 6,000 square feet of ground-level retail space — almost 10 times more than originally drafted — and 30,000 square feet of office space.
“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,” Denholtz CEO Steven Denholtz said in a prepared statement.
The Rail will also feature a two-level on-site parking garage and 95-spot parking lot.
Design for the project was provided by architect Lance Blake of Livingston-based Rotwein and Blake.