
By JOHN T. WARD

The 53-year-old Riverside Towers, at 28 Riverside Avenue, has also been rebranded as the Navesink Riverside Residences and Marina.


The cause, according to a now-settled lawsuit, was a valve mistakenly left open inside the building that filled the bulkhead surrounding the pool with water.
Over 24 days, some 5.8 million gallons poured in, lifting the pool and prompting a condemnation by borough inspectors, court documents said.
After getting over the shock of a phone call informing him that “the pool has popped out of the ground,” Michael Collins said he and other members of the co-op’s board of directors set about having it rebuilt.
“We saw it as a once-in-a-generation opportunity to improve the building in a meaningful way and create a new amenity for shareholders,” said Collins, now the board’s president.
On Monday night, residents gathered for a wine-and-cheese opening of the rebuilt amenity, designed by architect Mike Simpson, of borough-based S.O.M.E. Architects.
The new poolhouse, featuring ample windows that frame a panoramic view of the Navesink River, replaces a 50-year-old structure that “was little more than a gable-roofed shed,” Simpson told redbankgreen Monday, as residents toured the structure.
Given the view, “it made perfect sense” to add the facility, which also has a rooftop deck, he said.
A marina at the end of the bulkhead that was closed during the pool rebuilding has also reopened.
Kathy Reed was in the process of closing on her eighth-floor unit when the pool went pop, which meant her monthly costs were likely to rise, too.
“But it wasn’t a dealbreaker,” she told redbankgreen. “This is what I wanted to do.”
The 12-story, 150-unit building opened in 1968, and remain’s the borough’s tallest structure.
Mayor Pasquale Menna, a former building resident, toasted the property as the “pièce de résistance” of Red Bank.