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.


Our community pillars help us carry out our 100-Year Vision

Check it out

Health and Wellness

Red Bank YMCA

At the heart of the Red Bank community since 1874, our Red Bank Family YMCA is here to support health and well-being for all. We’re a special place where people of all ages, interests and backgrounds gather to grow in spirit, mind and body.

Learn More
organization-banner
organization-banner

RED BANK: SALE PUTS BUILDING ON TAX ROLLS

rb-vna-101117-500x375-3131906The former VNA headquarters building on Riverside Avenue has been acquired by an office developer. (Photo by John T. Ward. Click to enlarge)

By JOHN T. WARD

hot-topic_03-220x138-2130637Red Bank’s municipal coffers are about to be bolstered by the addition to the tax rolls of a major office building.

“It is now taxable,” Mayor Pasquale Menna said Wednesday about the former VNA Health Group headquarters, following a report by app.com that the property had been acquired by a private developer for $7.4 million.

55-broad-022417-2-500x375-8547123Saxum also owns 55 Broad Street, where it plans to create new office space (Photo by John T. Ward. Click to enlarge)

The three-story building, at 176 Riverside Avenue, is assessed at $4 million, though the VNA, as a nonprofit, was exempt from taxes. Had it been taxable, the site would have generated close to $90,000 in revenue last year for borough purposes.

The buyer was Saxum Real Estate of Parsippany-Troy Hills, app.com reported. Anthony Rinaldi, a principal in the firm, declined to diclose. plans for the 38,000-square-foot office structure. No plans had yet been filed with the borough planning office, an employee there said.

The property offers a “unique opportunity to transform a vacant, underutilized building into best-in-class product that further benefits the residents and overall community,” he told redbankgreen by email Thursday.

In December, 2016, Saxum bought the former Smith Barney building at 55 Broad Street, for $4 million. In promotional materials, it touts the site as the Vault, a multi-tenant office building. No plans for that project have been filed yet either, borough officials said.

Menna said he is “extraordinarily happy to have Saxum in town on their second major investment in Red Bank.”

Saxum’s employees “bring creativity, resources and a vision for Red Bank, which we need in increasing our tax base,” he said. “They are leaders in our state in clean development utilizing the most advanced plans in environmental design.”

VNA, formerly the Visiting Nurse Association, moved out of the building in early 2017, relocating its headquarters to Holmdel.

Remember: Nothing makes a Red Bank business owner happier than to hear "I saw your ad on Red Bank Green!"
Partyline
HEARTY FAREWELL FOR HARDY
RED BANK: Council to honor DPU supervisor Rich Hardy, who retired recently after almost 39 years of keeping things running.
HOMEBOUND? READ ON…
RED BANK: Can't get to the public library? It's now offering free delivery and pickups for homebound borough residents.
TAMING A BEAST OF A WEEK
RED BANK: After the second snowfall of the week, a borough family finds the perfect use for it – a Godzilla snow sculpture.
RED BANK: LIBRARY CLOSED, BUT THE HILL’S OPEN
RED BANK: Though the library was closed by a snowstorm, kids got to enjoy the riverfront property's steep slope Tuesday.
LIGHT(HOUSE) MAKEOVER
This year, getting ready for spring means a midwinter makeover for Strollo's Lighthouse in Red Bank.
TODAY: LOCAL PUPPY COMPETES ON ANIMAL PLANET’S “PUPPY BOWL”
Red Bank’s very own rescue puppy, Biscuit, is set to compete in Animal Planet’s Puppy Bowl this Sunday, February 11, at 2 PM. Th ...
WHAT? NO redbankgreen NEWSLETTER?
Apologies to redbankgreen newsletter subscribers: the daily email hasn’t gone out for two days because of technical issues.
RED BANK: TIRED OF SKEETERS?
RED BANK: Tired of mosquito bites every summer? Monmouth County has a free program to help eliminate skeeter breeding grounds.
SEA BRIGHT: POLAR PLUNGE FOR ST. JAMES, OTHERS
Hundreds braved the wind and sea on Sunday at 1PM in support of St. James Elementary School, and other Catholic schools in the area. The eve ...
RED BANK: RBR CLAIMS TITLE
RED BANK: Watch pure joy as the RBR boys basketball team celebrates its first B North championship in 17 years.
RED BANK: FORGET-IT FRIDAY
RED BANK: Train Station can be a lonely place Friday mornings, especially with cold rain in the forecast.
RED BANK: CROONING YOUR LOVE
RED BANK: Imagine a quartet of impeccably dressed gentlemen showing up at your beloved's workplace, singing of your love.
RED BANK: BLACK RIVER ROLLS ON
RED BANK: A 68-year-old rail freight engine can still be counted on to draw a trainspotting fan or two when it rolls through town.
RED BANK: ‘MONDAY SWEAT’ MEETS
RED BANK: Joined by the Hazlet Running Club, members of the Red Bank Run Club met for their "Monday Sweat" at Count Basie Field.
RED BANK: CARD SALE BOOSTS GYM DRIVE
RED BANK: Charter School Foundation offers student-deisgned Valentines cards to help raise funds for a gymnasium.
RED BANK: LOVE IS IN THE… WINDOW
RED BANK: Up next: Valentine's Day, and Partyline finds the Red Bank Chocolate Shoppe getting ready for a surge of love and craving.
CLOSING THE BOOK ON A GREAT CAREER
The Red Bank mayor and council honored with a resolution Linda Hewitt (in red) on her retirement from the Red Bank Public Library at Thursda ...
RED BANK: RAIL COMMUTER’S VIEW
A commuter's view of the Route 35 Cooper's Bridge over the Navesink River, as seen from North Jersey Coast Line train 3320 out of Red Bank F ...
RED BANK: PROMISING PROMS
RED BANK: Prom season approaches, and Lunch Break once again steps up with its 8th annual Prom Giveaway of donated dresses.
RED BANK: DOWN BY THE RIVER
RED BANK: Partyline contributor Karly Swaim captured a gloomy mood in Riverside Gardens Park Wednesday evening.