Skip to content

A town square for an unsquare town

redbankgreen

Standing for the vitality of Red Bank, its community, and the fun we have together.

RED BANK: LONG-VACANT BUILDING SOLD

67-broad-031415-500x375-9065853After a seven-year vacancy, 67 Broad Street has a new owner, who says he hopes to have a tenant in by summer. (Photo by John T. Ward. Click to enlarge)

By JOHN T. WARD

Rcsm2_010508A gaping, long-term and somewhat mysterious vacancy in the heart of downtown Red Bank appears to be nearing an end.

Jeweler Joe Romanowski, who owns two stores on Broad Street, has purchased the building at 67 Broad, next door to his Poor Cat Designs boutique, redbankgreen‘s Retail Churn has learned.

• joe-romanowski-111513-2-500x375-3471233Joe Romanowski in 2013, during the buildout of his Goldtinker store at 24 Broad. (Click to enlarge)

The transfer has not yet hit the online property records maintained by Monmouth County, but Romanowski tells Churn he recently paid $774,000 for the building.

The seller was a Manhattan-based entity called Miracles 929 LLC, which paid $1.3 million for it in late 2005, when real estate prices were soaring. Little more than two years later, its last tenant, a dress shop called Marisa, departed, and the global economic recession hit, knocking down inflated values.

“It was never worth $1.3 million,” said Romanowski. “It’s worth what I paid for it.”

Romanowski also owns Goldtinker, a 40-year-old jewelry business that consolidated stores from Rumson and Deal at  24 Broad Street, which he bought for $1.3 million last year. Poor Cat rents its space, at 69 Broad, from landord Inge Perndorger.

The space at 67 Broad features two selling floors, including a second story with large arch-top window overlooking Broad near the intersection of Monmouth Street.

Romanowski said he hasn’t lined up a tenant, but is talking to a New York-based retailer of high-quality vintage clothing about a lease. He said the building needs only cosmetic touches, and he hopes to have a tenant in by summer.

“Anybody who goes in is going to have a leg up, because there is so much activity at Poor Cat,” he said. “And I’ll be able to charge a reasonable rent, so they can make money there.”

Red Bank RiverCenter executive director Jim Scavone expressed relief about the sale. He said  the long vacancy was an “eyesore,” and that the landlord ignored the agency’s offers to help land a tenant.

“We’re thrilled that it sold, and that it went to someone who really wants to bring specialty retail in,” Scavone told Churn. “Having someone like Joe own it is great.”

Remember: Nothing makes a Red Bank friend happier than to hear "I saw you on Red Bank Green!"
Partyline
YAPPY TOGETHER
RED BANK: Look for this cutie pie, named Sacramento, at Yappy Hour on Broadwalk Saturday. He's looking for a new home.
YELLOW RAINCOAT DAY
On a rainy May morning, the only golden sight on Broad Street this morning were the matching raincoats of Eileen and her dog Benny.
STOP. JUST STOP.
RED BANK: For those who don't get the meaning of a stop sign, crossing guard Diane Johnson amplifies the message with some colorful outfits. ...
RECORDS SKIP INTO TOWN
RED BANK: Devotees of vinyl records expected to drop needle at Broad and Mechanic Saturday. Here's why.
Feline fortunes on Monmouth Street
Christopher Russell and feline pal Princess take in some fresh air on a warm May night Thursday in the doorway of Gina’s Psychic Bouti ...
GOING UP?
RED BANK: Public Library will be closed Friday for the start of elevator construction. (Click for more.)
TREEBIRTH
RED BANK: Replacement of nine trees gets underway on South Street, where a wholesale removal angered residents last September. (Click for mo ...
RIVERSIDE FLOW
New Jersey Flow Arts brings together jugglers, poi spinners, hoopers and more weekly in Riverside Gardens Park.
Honeybee swarm carted away
Beekeeper Tanya Ptak of Ptak’s Apiary inspects a swarm of honeybees that chose a flower pot in the courtyard of Red Bank Primary Schoo ...
BELOVED POISONED DOG PHOTO SURFACES
   
THREE ON TOUR
RED BANK: Three borough sites will participate in a weekend of self-guided tours of 52 historic locations in Monmouth County May 4 & 5.
VOLUNTEERS GET INTO THE WEEDS
Toting plastic trash bags, 51 volunteers conducted a walking litter cleanup on Red Bank's West Side Saturday.
“IT’S A PARTY AT WAWA!”
You wish you could vibe like Brian, who lives on the other side of Hubbard’s Bridge. He caught redbankgreen’s attention in Red B ...
POPE OKS ORATORY
RED BANK: St. Anthony of Padua obtains papal approval to establish Oratory of St. Philip Neri, a community of priests and brothers devoted t ...
RED BANK: NEW MURAL BRIGHTENS CORNER
RED BANK: Lunch Break founder Norma Todd is depicted in a mural painted this week on the front of the newly renovated social service agency.
TULIPS TOGETHER
Spring tulips taking in the sunset outside the Molly Pitcher Inn in Red Bank Monday evening.
RIVER RANGERS RETURN
River Rangers, a summer canoeing program offered by the Navesink Maritime Heritage Association, returns this summer for up to 20 participa ...
DOUBLE DYLAN IN RED BANK
Trucks for a production company filming what one worker said was a Bob Dylan biography have lined Monmouth Street the past two days with cre ...
AFTER THE RAIN
A pear tree branch brought down by a brief overnight storm left a lovely tableau on the sidewalk in front of Red Bank's Riverside Gardens Pa ...
CONE OF UNCERTAINTY
Asked by a redbankgreen reporter why these cones were on top of cars, the owner of the car in the foreground responded: “That’s ...