By JOHN T. WARD
Also in this edition of redbankgreen‘s Retail Churn report: a women’s clothing store opens, two vacancies open up, and a building changes hands for the fourth time in 11 years.
The upper two stories of the three-story structure would be converted to office space.
Unfortunately, there’s not much detail in the filing, and Churn was unable to obtain comment.
The property owner, 17 Broad Street LLC, controlled by Rick Stavola, needs a variance because the speakeasy is not permitted in the CCD-2 zone, and approval is needed for a change of use from apartments to offices on the third floor. The zoning board is scheduled to hear the request June 6.
The building has been empty since Agostino Antiques moved out almost seven years ago.
Serpico, 29, tells Churn that the shop, which has a sister store of the same name in Athens, carries “very Mykonos, linen, loose and summery dresses” made in Greece, along with non-Greek clothing that reflects her “New York style.”
The space was last used by a children’s clothing store.
• Denholtz Associates continues its investment spree with the purchase of a downtown building.
Monmouth County records show Denholtz paid $2.55 million for 137 Broad Street last month. That’s about $30,000 less than the New York City-based seller, Broad Red LLC, paid for it just 13 months earlier.
The building, which briefly housed a Staples office supply store followed by use as a securities brokerage office, has changed owners four times since 2008 and is currently vacant. Denholtz CEO Steve Denholtz tells Churn there’s no tenant lined up yet.
• The longtime Christian Science Reading Room space at 22 Monmouth Street was vacated earlier this month.
Also newly vacant, yet again, is the store space at 65 Broad Street, at the corner of Wallace Street. The spot has been occupied on-and-off for years by a rug business.