Riverside Avenue Housing Concept In Red Bank Is Now Even Bigger

RED BANK, NJ — The Red Bank planning board approved changes to an approved five-story apartment building on Riverside Avenue during the board meeting Monday evening.

Saxum Real Estate purchased the 2.4-acre property at 176 Riverside Avenue in 2018, which was previously occupied by the Visiting Nurses Association. In December 2019, the planning board approved the project, dubbed 176 Riverside Ave.

The initial plan in 2019 was to construct a five-story mixed-use structure with 210 residential apartments, including 9,000 sf of commercial space, according to planning board records.

The development, however, appeared again on the agenda for this week's planning board meeting.

Saxum Real Estate now wishes to increase the number of residential apartments from 210 to 212 units, the co-working office space from approximately 9,000 square feet to approximately 10,700 square feet and the number of parking spaces from 326 to 420, according to Saxum Real Estate.

The mixed-use development project also includes a pool, fitness center, club room, rooftop lounge and dog run, Saxum Real Estate said.

During the meeting, the Red Bank Planning Board approved the new plan, which will be adopted at the next meeting on April 18.