RED BANK: GRANDVILLE RENT HIKE WEIGHED

Grandville Towers neighbors look on as resident Mary Cook, below, questions PRC vice president Tom Arnone, left. (Photo by Sarah Klepner. Click to enlarge)

By SARAH KLEPNER

The Red Bank Rent Leveling Board wrapped up testimony and public comment on a plan for upgrades and higher rents at Grandville Towers Thursday night, but held off on making a decision before next month.

Building manager PRC Group is seeking permission to impose rent surcharges to recover the costs of a proposed $3.6 million rehabilitation-and-upgrade project that has tenants fearing sharp increases.

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GRANDVILLE CONVERSION GETS GREEN LIGHT

grandview-towersThe owner wants to create five new units in the 91-unit building.

By DUSTIN RACIOPPI

Compromise sealed the deal to move forward with plans to renovate Grandville Towers from apartments to condominiums, which gained approval from the Red Bank zoning board Thursday.

After more than a year of occasional hearings, presentations and a little haggling — particularly over affordable housing requirements — the Morford Place building’s owners got the OK to convert Grandview’s 91 apartments and overhaul the first floor by adding new condos and facilities.

“This is a winner,” board member Kevin Moss said.

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