The recent opening of Lucki Clover, above, in a Broad Street space vacated last September, is seen as one of many indicators of a strengthening comeback. (Click to enlarge)
By JOHN T. WARD
Without question, the losses have been significant.
Over the past six months, as the global, national and regional economies have struggled to emerge from the wreckage of the 2008 credit meltdown, Red Bank’s retail market has continued to absorb hard-to-shake-off business departures.
Primas Home Cafe. Willy’s Cheesesteaks. Soapmarket. Later this month, Surray Luggage, a Broad Street fixture, will hold a liquidation sale.
But more so than in the recent past, the downtown real estate market has been marked by two noteworthy trends: faster refilling of storefronts, and the end of several key, longtime vacancies.
What’s it all add up to? In a word, recovery, says at least one downtown Churn watcher.