Rumson-Fair Haven Bank & Trust, based in nearby Rumson, willopen a new branch in this city's downtown by Q2 of 2008, bankofficials have revealed. The company has acquired a 2,700-sf officecondo in the Griffin, a new downtown mixed-use building, for $1million. Further details of the transaction were not released.
The Griffin, located at the corner of Cookman and Grand avenues,is a new building being developed by RDR Properties, a locallybased company headed by Steven Ranuro. The four-story buildingcombines 21 residential units on its upper floors with street-levelretail. The $12.5-million project was completed this pastspring.
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