RED BANK: SAXUM SPREE CONTINUES

Located at Broad and West Front streets, Saxum’s latest acquisition has Urban Outfitters as its sole ground-floor tenant. (Photo by John T. Ward. Click to enlarge)

By JOHN T. WARD

A Morris County-based real estate investment firm has acquired one of downtown Red Bank’s oldest and most prominent commercial structures.

The purchase of the home of an Urban Outfitters store by an arm of Saxum Real Estate is the firm’s third major investment in the town in the past 18 months, and the first for occupied space.

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RED BANK: PRESERVATION EFFORTS LAUDED

65 wallace 091515The home of Paul and Nancy Cagno, at the corner of Wallace and Mount streets, above, and the circa 1903 mansion that’s now the office of Smallwood Wealth Management, at 199 Broad Street, below, were among the four structures cited. (Photo by John T. Ward. Click to enlarge)

By JOHN T. WARD

199 broad 091515Three Broad Street buildings and a home in the historic district won kudos from the Red Bank Historic Preservation Commission at a ceremony Tuesday night.

Kicking off what members hope to become an annual series, the commission honored property owners in four categories for “adding to the value of Red Bank by adding to the character” of the town, in the words of Chairwoman Michaela Ferrigine.

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RED BANK: STYLE WITH A DASH OF ‘STACHE

MODEL-CITIZEN_05A

Brian Salvatore, 24, spent his childhood hanging out “on the corner with all the punk kids” on Broad Street in Red Bank, he says.

That’s where Model Citizen found the 24-year-old Middletown resident one recent afternoon, his face decorated with a classic beard-and-handlebar-mustache combo that even the humidity couldn’t wilt.

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REVENUE & PROFIT UP AT URBAN OUTFITTERS

urban-outfitters-logoUrban Outfitters, the owner of national clothing chains with a presence in downtown Red Bank and Shrewsbury, reported strong revenue gains in its fourth fiscal quarter, even as stores that had been open more than a year struggled to match last year’s performance.

The Philadelphia-based company’s Urban Outfitters brand, which includes a store at Broad and West Front streets in Red Bank, saw a 16-percent jump in sales from the comparable period of a year ago, to $415 million, it reported.

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URBAN OUTFITTERS POSTS SALES GAINS

urban-outfitters-logoUrban Outfitters, a national clothing chain with a presence in downtown Red Bank and Shrewsbury, reported strong revenue gains in its fourth fiscal quarter.

The Philadelphia-based company’s Urban Outfitters brand, which has a store at Broad and West Front streets in Red Bank, saw a 10-percent jump in sales from the comparable period of a year ago, to $356 million, it reported.

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YOUNG SHOPPERS PRIME DOWNTOWN PUMP

shoppers-3Is it just us, or are more young people shopping in downtown Red Bank than in recent years? Below, Leanne Navarette of Backward Glances. (Click to enlarge)

By MOLLY MULSHINE

leanne-nAutumn Byrd, 14, may not have a driver’s license, but the Colts Neck resident  still finds a way to shop, eat and hang out in Red Bank whenever she can.

“My daughter is always like, ‘Let’s go to Red Bank, let’s go to Urban Outfitters, let’s go to Funk & Standard,'” Autumn’s dad, Avery Byrd, said as he paid for a purchase at Backward Glances recently.

Autumn eschews the mall in favor of Red Bank because of the town’s artsy feel, she said. “A lot of the styles I’m into, I can find here,” she said. “And I feel safe in this town.”

If any trend is apparent in downtown Red Bank this summer, it’s the return of teens and young adults, lured to modest-priced clothing stores and eateries, including relative newcomers Urban Outfitters, women’s clothing boutique Dor L’Dor and Mexi-Cali chow purveyor Surf Taco, as well as staples like Funk and Standard.

Merchants see the influx of teens as a rebuke to the idea that the town is becoming too upmarket and squeezing out younger shoppers and others with moderate incomes.

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URBAN OUTFITTERS: SALES UP, INCOME DOWN

urban-070411The crowd outside the Red Bank Urban Outfitters store before this year’s KaBoom fireworks show. (Click to enlarge)

Clearance sales helped boost Urban Outfitters to the highest quarterly sales in its history, the clothing retailer reported Monday.

But markdowns also led to lower profits at the Philly-based company, which has had a store in downtown Red Bank since November, 2009. Results are not disclosed by location.

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BALLEW BUILDING GOES FOR $1.5M

ballewThe three-story structure changed hands on July 1, records show. (Click to enlarge)

By DUSTIN RACIOPPI

The former home of Ballew Jewelers at has been sold, officially severing a relationship with Red Bank that lasted 124 years but sputtered to an anticlimactic end earlier this year.

Through an entity called LLC 36 Broad Street, Rumson resident Michael Morgan paid $1.5 million on July 1 for the three-story building at 36 Broad, according to Monmouth County property records.

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EMPTY WINDOWS OF OPPORTUNITY?

65-broadA year after taking over space from the short-lived Nevada Exchange store — which itself followed the short-tenured Maison Blanche — D’Angelico Guitars has left Red Bank. (Photo bu Dustin Racioppi; click to enlarge)

By DUSTIN RACIOPPI

With all the empty storefronts and ‘for sale or lease’ signs downtown, it might be hard to see a silver lining for Red Bank’s economy.rcsm2_010508

Scattered along on Broad and Front streets, windows show reflections and hollowed-out stores, not merchandise.

Or they’re plastered with contact information, like one downtown cornerstone, Ashes Cigar Club, which was abruptly shut down during the height of the summer bustle.

But there’s still hope for Red Bank, says Nancy Adams, executive director of RiverCenter, and things aren’t all that bad when you look at the larger economic picture.

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RETAILER REPORTS STRONG QUARTER

urban-outfitters-nov-2009Urban Outfitters opened a store in Red Bank last November.

The parent company of the Urban Outfitters store in downtown Red Bank says first fiscal quarter sales at the chain rose nine percent from the year-prior period.

Philly-based Urban Outfitters Inc. doesn’t break out sales by location, but said sales at the 157-store chain rose to $174.2 million.

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COMING TO BROAD: WOMEN’S CLOTHING SHOP

chelsea-homeDor L’Dor’s owner hopes to open in mid-May. (Click to enlarge)

Rcsm2_010508A Manhattan-based clothing store catering to women aged 16 to 36 has signed a lease in downtown Red Bank, redbankgreen has learned.

Dor L’Dor, a financial-district casualwear shop that also has stores in Brooklyn and Hoboken, will take over the space last occupied by Chelsea Home furnishings at the corner of Broad and Mechanic streets, real estate agent Karen Gagliano confirms.

A person affiliated with the store — whose name means “from generation to generation” in Hebrew — said the family-owned business expects to fit in well with fashion-oriented emporiums downtown, including its largest new magnet retailer, Urban Outfitters, which opened less than a block away in November.

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CHAIN SALES FLAT AS CORPORATE NET SOARS

urban-outfitters-nov-2009Urban Outfitters opened its Red Bank store at the corner of Broad and West Front Streets in November. (Click to enlarge)

The parent company of the Urban Outfitters chain reported record fourth-quarter sales and a 92-percent jump in earnings today.

But sales were flat at the Urban Outfitters chain itself, with the gains coming from the Philly-based company’s Anthropologie and Free People lines, the publicly traded company disclosed.

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PLEASE DO NOT FEED THE METERS

bagged-metersBagged for your pleasure: All metered lots in Red Bank are free until December 27. (Photo by Dustin Racioppi)

By DUSTIN RACIOPPI

Assuming snow-socked shoppers return to downtown Red Bank in the remaining days before Christmas, they’ll find that off-street parking meters have donned their traditional holiday headdresses.

That means free parking in the municipal lots. And before this past weekend’s snowstorm, the public was responding positively, merchants and local officials say.

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RED BANK TO BIZ OWNERS: STAY OPEN LATER

biz-closed11

Some merchants think too many downtown stores are closed at night. This photo was taken late Tuesday morning. (Photo by Dustin Racioppi)

By DUSTIN RACIOPPI

Red Bank Mayor Pasquale Menna has ramped up his campaign get downtown business owners to stay open later.

He says the effort did not begin with last week’s Broad Street debut of Urban Outfitters — a clothing and housewares store that’s open from 11a to 9p Monday through Saturday and 11a to 8p on Sundays. But Urban is doing business the right way, Menna says, and he’d like to see more merchants follow suit.

“Retailing has changed, our society has changed and Red Bank is changing,” he said.

Given Red Bank’s amenities, with its bevy of late-night hot spots like bars and entertainment venues, it has always made more sense that many businesses, especially retailers, keep the lights on and the doors open after dark and on Sundays, Menna says.

But examples of missed opportunities to hook visitors are plentiful, he says citing two from last summer, when the Red Bank Jazz & Blues Festival, and later the Taste of Red Bank, drew thousands of visitors who found limited shopping options because stores weren’t open later or on Sunday.

“The businesses that succeed are the ones who are available when people are on the street,” Menna said. “We don’t have the luxury of shoppers out at nine in the morning. It’s a change in our society and sometimes we have to change our business model to keep our competitive edge.”

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SHOPPERS SAY URBAN’S GOOD FOR RED BANK

urban-shoppers

A trio of Urban Outfitters fans, led by Middletown resident Amie Falk, walk out of the store happy on its opening day Thursday. (Photo by Dustin Racioppi)

By DUSTIN RACIOPPI

They  pulled the hulking glass door and trickled into Red Bank’s most anticipated business. They were greeted by a cadre of upbeat employees and set loose into a few thousand square-feet of the area’s newest hip retail wonderland.

And for those customers who hit Urban Outfitters in its first couple hours on Thursday, the experience didn’t disappoint.

“It was great,” said Amie Falk, of Middletown, summing up her shopping experience.

Falk arranged to meet with friends at the store for a morning of shopping, and by the time the group was finished, they came to a conclusion that will sound like music to local merchants.

“This store will definitely bring me to Red Bank more often,” said Darlene Weltman, of Atlantic Highlands.

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URBAN SPARKS HOPE AMONG STORE OWNERS

urban-watchers2An unidentified Urban Outfitters employee checks out a window display as a pair of passersby does the same Tuesday night.

By DUSTIN RACIOPPI

Two young women rounded the corner of Broad Street Monday night and headed left on West Front Street, their eyes fixed on a retail medley going on behind the tall glass windows.

The twentysomethings behind the glass were putting the finishing touches on display racks and examining the trendy looks of mannequins that just days ago lined the store’s inner perimeter as nothing more than nondescript plastic molds.

“I’m so excited for you, Urban Outfitters,” said one of the women as she looked into the window before disappearing from West Front’s sidewalk.

Given the Philadelphia-based giant’s international success, it’s no surprise there might be consumers chomping at the bit for Urban to open it’s doors to the public on Thursday. But on the periphery of Urban Outfitters’ enchanting mass of real estate at 2-10 Broad Street, there’s a contingent that can match the public’s excitement and trump it with hope — Red Bank’s small business owners.

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URBAN SAYS PROFITS ARE AT RECORD LEVEL

urban-homeUpper-floor scaffolding came down earlier this week at the future home of an Urban Outfitters store at the corner of Broad and West Front streets.

Looks like the parent company of Urban Outfitters, which is scheduled to open one of its housewares and clothing stores in downtown Red Bank next week, will arrive with a head of steam.

Philly-based Urban Outfitters Inc. today reported record third-quarter earnings of $62 million, up five percent from a year ago, and a six-percent jump in sales, to $506 million.

But a comparison of results at stores open in both periods shows that while sales at the company’s Anthropologie chain rose three percent, they were down five percent at Urban Outfitters stores and down two percent across all chains, which also include Free People and Terrain.

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GOAL: URBAN EMPLOYMENT

img_4699102509Work continues on the planned Urban Outfitters store at 2 Broad Street in Red Bank.

By DUSTIN RACIOPPI

Just a couple hours into Urban Outfitters‘ marathon job fair on Wednesday, there was certainly a deluge at the Oyster Point Hotel. Just not the one that may have been anticipated.

Sometimes in small bunches, but mostly one-by-one, young job seekers dressed in the cutting edge, kitschy fashion that Urban Outfitters specializes in trickled into the Red Bank hotel from a downpour outside.

Over the course of an hour, about a dozen people showed made their way to a second-floor ballroom to fill out applications and interview for positions at the clothing store, which is set to open sometime next month.

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URBAN OUTFITTERS PLANS 10-HOUR JOB FAIR

img_44361022091Windows and doors were installed recently on the store’s site at the corner of Broad and West Front Streets.

The scaffolding that encloses the sidewalk is still up, but bit by bit, the temporary plywood sheathing has been coming down, giving passersby a peak into what many regard as the best hope for an economic rebound in downtown Red Bank.

We’re talking about the big new Urban Outfitters clothing and household goods store scheduled to open sometime next month at 2 Broad Street.

Company officials did not respond to a messages seeking verification that the store will open November 19.

But the company’s website has some promising news for jobseekers in the retail sector.

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RED BANK RED BRICK

2-broad-081809The plastic sheathing that had covered a scaffold on the east side of 2 Broad Street in Red Bank for months came down this week, exposing the structure’s original red brick for the first time in decades. The building, built around 1875, is to house an Urban Outfitters store slated to open later this year.

Our photo was taken from the semi-enclosed balcony at 7 Broad. (Click to enlarge)

URBAN OUTFITTERS SHOPPING FOR MANAGER

2-10 BroadCan you manage it? The clothing and household-goods merchant is looking someone to run its Red Bank store when the wraps come off at 2 Broad.

Retailer Urban Outfitters, which has been mum on its plans to open a store in Red Bank, has finally acknowledged the move.

It comes in the form of a job posting for store manager at the emporium planned for 2 Broad Street, at the corner of West Front.

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