Denholtz Properties has been nurturing a vision for Red Bank for some time. The company relocated its corporate headquarters to the Monmouth County town in 2019 and is currently nearing the final stages of construction at The Rail @ Red Bank, its most recent development project that will mark the next chapter in the ongoing evolution of the town’s West Side neighborhood.
The Rail reflects Denholtz’s commitment to the area, and its penchant for consistently being on the cusp of what’s next. It’s one of the primary reasons Chief Executive Officer Steven Denholtz says the firm is so successful.
“We’ve always gone for a high level of design, kind of the top of the market type projects,” Denholtz said. “We have always pursued projects that not only add value to our portfolios, but also contribute in a positive and lasting way to the communities where they are located.”
For The Rail, Denholtz said he saw it as an opportunity, a catalyst for good things to happen all around. The transit-oriented development at 116-118 Chestnut Street is adjacent to the Red Bank train station which allows residents access to all the town has to offer — from dining to shopping to theater and the arts.
And Denholtz believes that by combining one of New Jersey’s most in-demand locations with 57 luxury residential units, a robust amenities package, unique retail opportunities, and a wide range of public spaces, it will soon become one of the Garden State’s most attractive live-work-play communities.
“We like to be in places where we think things are going to happen, and where people will congregate,” he explained. “There’s a lot of things that will happen there, a well-known farmer’s market will be right down the street and we are going to have some exciting retail news at our building. The West Side is going to continue to be the driving force of new things to come in the borough.”
Denholtz said The Rail offers businesses the opportunity to get in on the ground floor in the Borough’s next hot neighborhood. “The Rail’s retail tenants are not only an exciting amenity for the building’s residents but a key component in jump-starting the local economy surrounding the train station,” he added.
Denholtz’s corporate office – located right next door to the train station – was part of his vision for the town as well. The 12,080-square-foot space is home to the firm’s more than 60 employees, and was designed to enable the company to provide superior real estate solutions through enhanced collaboration.
Denholtz said one of the things he loves most in New Jersey is the revitalization of downtowns from Summit to Cranford, Woodbridge and Red Bank. Those rebounds have been centered on redevelopment of the train station areas. So he sees the new businesses and the new residences facilitating the town’s transformation and helping them become a destination and a place to build a community.
“We’re a community here. And not just a professional community. It’s something really great gives everyone more of a connection.”
That connection is evident in and around the town. Denholtz said he loves the arts and tries to support them in any way he can. For one thing, a mural is being painted on the side of his building at 116 Chestnut by a local artist and he intends to have a sculpture garden behind it there too. Denholtz also supports events within the community — from picking up garbage to volunteering at local places like Jon Bon Jovi’s Soul Kitchen.
Denholtz is taking that community and destination spot mentality to nearby Oceanport as well. In October 2020 Denholtz Properties closed on what is known as District A in the Oceanport section of Fort Monmouth. District A includes the former Commissary & PX and the Post Office Area, and the Warehouse District along with an adjacent parking lot.
The firm will develop a mix of commercial uses on the combined 26-acre site. Plans call for a complement of flexible office and technology space, with innovative food and/or beverage concepts in the former Commissary building as the centerpiece of the project.
The nearly 53,000-square-foot building will be redeveloped into a mix of food with Class-A office space, flex space, and other complementary uses that will attract technology, research & development, and other job-generating industries that will further the fort’s mission to bring back jobs and revitalize the local economy.