Executives from Denholtz Properties, a privately held, vertically integrated commercial real estate investment and development company, were joined by project partners and Red Bank Mayor Pasquale Menna to celebrate the groundbreaking for Southbank At The Navesink, a four-story, ten-unit luxury waterfront condominium project located at 4 Boat Club Court in Red Bank, N.J. The project is scheduled for completion by 4Q 2022.

The groundbreaking marks the first success story in years of failed redevelopment projects at 4 Boat Club Court. Before Denholtz Properties acquired the site in 2020, several developers had been unable to execute projects beyond the initial planning stages at the property. However, Denholtz Properties’ visionary executive team leveraged its nearly seven decades of experience in bringing complex residential and commercial properties to life to create a use for the site enabling shovels to finally break ground. Through the creation of Southbank At The Navesink, Denholtz Properties will not only breathe new life into the site but also set new standards for luxury living in downtown Red Bank.

Each of the ten thoughtfully designed two to three-bedroom townhomes at Southbank At The Navesink will boast spacious open floor plans, upscale finishes and modern designs. From the Duchateau wide wood plank floors to full kitchens with sophisticated counters designed by Dekton, no detail has been overlooked in the design of each of its residences. Six homes will offer convenient single floor living ranging from 2,142 square feet to 2,496 square feet with four duplex penthouses topping the building featuring over 2,935 square feet of interior living space and a private terrace.

Beyond its modern design, Southbank At The Navesink’s location just steps away from Red Bank’s bustling Front and Broad Streets, will offer residents the opportunity to effortlessly enjoy the vast selection of shops, restaurants and cultural institutions that make Red Bank one of the most dynamic towns in New Jersey. In addition, the building’s elevated riverfront location and floor-to-ceiling glass panels will provide panoramic views of the Navesink River and Marine Park.

“Since moving our headquarters to Red Bank in 2019, we have sought to make a positive and lasting impact on the Borough through visionary real estate projects such as Southbank At The Navesink,” said Steven Denholtz, CEO of Denholtz Properties. “Although this property has proved difficult to redevelop in the past, we knew its location paired with our experience would allow us to create something truly unique. We are excited to celebrate this milestone with the Red Bank community and look forward to bringing this project to life over the next year.”

The start of construction at Southbank At The Navesink marks Denholtz Properties’ latest investment in Red Bank. Reflecting their deep commitment to the Borough, Denholtz Properties relocated its corporate headquarters to a 30,000-square-foot office building at 116 Chestnut Street in 2019 as a part of the company’s rebranding. Located just next door, the company is also currently nearing completion of The Rail at Red Bank, a 57-unit mixed-use community next to the Red Bank train station. Through the construction of The Rail at Red Bank, the company will bring a diverse mix of new residents, businesses, and visitors to the Borough’s burgeoning West Side neighborhood.

Deborah James of Heritage House Sotheby’s International Realty has been selected as the exclusive realtor for Southbank At The Navesink. To learn more about Southbank At The Navesink, please contact Deborah at sales@southbankatthenavesink.com or 732-956-3188.

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About Denholtz Properties

Denholtz Properties is a privately held, vertically integrated commercial real estate investment and development company with a diversified portfolio of assets in strategic markets. Based in Red Bank, N.J. with a regional headquarters in Orlando, Fla., Denholtz Properties specializes in the acquisition and development of ground-up multifamily, industrial/flex and office properties. Driven by an entrepreneurial spirit and a commitment to excellence, Denholtz Properties has continuously evolved over its 70-year history to consistently provide outsized investment returns. Additional information for Denholtz Properties is available online at www.denholtz.com.