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atriumA proposed addition to the Atrium, at left, would be built between the existing structure and the neighboring Riverview Towers, right. The parking lot in the foreground, bound by Riverside Avenue and West Front Street, is slated for upgrades by the Atrium’s owner. (Click to enlarge)

The owner of a luxury senior citizens’ high-rise in Red Bank has curtailed its plans to nearly double the size of the facility with a proposed 12-story addition on Riverside Avenue, redbankgreen has learned.

Instead, Springpoint Senior Living — formerly PHS Senior Living, and before that, Presbyterian Homes — will revert to an older, approved plan for just six stories, says Springpoint chief operating officer Chuck Mooney.

The move was driven largely by economics, Mooney said. But it was also taken to head off a battle with residents of the neighboring Riverview Towers high-rise, he acknowledged.

“We are concerned about having a protracted series of hearings” at the zoning board, Mooney said.

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atrium-lot-render2A representative of the Atrium at Navesink holds an artist’s depiction of the proposed lot while residents listen to testimony at last night’s zoning board hearing. (Click to enlarge)

Questions about traffic and pedestrian safety slowed plans for a 98-car valet parking lot to serve the Atrium at Navesink Harbor senior citizen high-rise last night.

Complicating the work of the Red Bank zoning board was its own determination to weigh the plan as though a second, pending proposal — for the addition of six stories to an already approved six-floor annex to the Atrium — did not exist. That plan is expected to land before the board as early as next month.

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atrium-siteAn architect’s rendering of the already approved six-story addition hangs on a fence next to the existing 12-story Atrium at Navesink Harbor, on Riverview Avenue.

Apparent confusion over the the impact of a recent court case has officials at PHS Senior Living putting out word that they don’t intend to seek tax-exempt status for the organization’s showcase senior-living project in Red Bank.

The Princeton-based not-for-profit is expected to pay about $360,000 in property taxes this year on Atrium at Navesink Harbor, on Riverside Avenue. Chuck Mooney, PHS’s chief operating officer, says he expects that figure to double on completion of an approved six-story addition to the Riverside Avenue facility, and to approach $900,000 annually if a pending request to take the addition up to 12 floors is approved by the borough planning board.

But no matter how big the project ends up, PHS has not and will not push to have its property removed from tax rolls, Mooney tells redbankgreen.

“We definitely will not be seeking tax-exempt status,” he says. “There’s no basis for it in the law.”

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