Developers Break Ground On Waterfront Luxury Condo In Red Bank

RED BANK — Developers broke ground on a 10-unit, four-story luxury waterfront condo in Red Bank on Tuesday.

Called Southbank At The Navesink, the project is located at 4 Boat Club Court and is set to be complete at the end of 2022.

The condo will have two and three-bedroom townhomes with "spacious" open floor plans. Six homes will be single-floor and four will be duplex penthouses with a private terrace.

The developers said that "no detail has been overlooked in the design of each of its residences."

Executives from Denholtz Properties — which bought the property in 2020 — were joined by Mayor Pasquale Menna at the groundbreaking ceremony on Tuesday.

“Since moving our headquarters to Red Bank in 2019, we have sought to make a positive and lasting impact on the Borough through visionary real estate projects such as Southbank At The Navesink,” said Steven Denholtz, CEO of Denholtz Properties.

According to the developers, others have tried and failed to redevelop the site.

“Although this property has proved difficult to redevelop in the past, we knew its location paired with our experience would allow us to create something truly unique," Denholtz said.

The company moved its headquarters to 116 Chestnut Street in Red Bank in 2019. It is also currently developing a 57-unit mixed-use community next to the Red Bank train station called The Rail.