RED BANK: COUNCIL DROPS REVERSE APPEALS

red bank nj oceanfirst hqThe OceanFirst Bank headquarters was the subject of a reverse appeal case settled Wednesday. (Photo by John T. Ward. Click to enlarge.)

By JOHN T. WARD

hot topic red bank njBombarded by criticism from the business community, the Red Bank council on Wednesday dropped a plan to pursue a new round of  “reverse appeals” against commercial properties it believed to be undertaxed.

But first, the council approved the settlement of an older reverse appeal that will boost the taxable value of a downtown building by 69 percent over three years. And battles over cases filed in 2018 continue.

Read More »

RED BANK: COFFEE CORRAL PLAN OK’D

An exhibit used in the Coffee Corral hearing illustrates the placement of the new building, which would on Shrewsbury Avenue at the corner of Drs. James Parker Boulevard. The existing shop would be used for roasting beans. (Photo by John T. Ward. Click to enlarge.)

By JOHN T. WARD

Red Bank’s Coffee Corral won approval for an ambitious West Side building plan Monday.

The borough planning board gave a unanimous OK for owners Courtlyn Crosson and her father, business founder Russ Crosson, to transform vacant land at the corner of Shrewsbury Avenue and Drs. James Parker Boulevard into a new home for the coffee shop, plus an adjoining restaurant.

Read More »

RED BANK: PRESERVATIONISTS CONCERNED

A website posting by the prospective buyer of two Red Bank buildings listed on an inventory of historic properties hints at big changes to come. (Photos by John T. Ward. Click to enlarge)

By JOHN T. WARD

Red Bank preservationists expressed concern in recent days over the pending sale of two downtown buildings they believe have historic significance.

Read More »

BANK TO DEPOSIT ITSELF ON BROAD STREET

OceanFirst Bank will take space in a building that’s been a supermarket, a five-and-dime and home to a number of financial services companies over its 92-year history. (Click to enlarge)

By DANIELLE TEPPER

Rcsm2_010508In recent decades, the white stone building at 73 Broad Street has been a home to many financial service companies: Provident Savings Bank, Prudential Securities, then Wachovia Securities, and most recently, Wells Fargo Bank.

The pattern resumes this spring with the expected arrival of OceanFirst Bank.

Read More »