RED BANK, NJ-The Olde Union House, a local eatery with historic ties, will be torn down to make way for a mixed-use residential condo/retail project. Union Street Village LLC, an Oceanport, NJ-based group headed by Patricia and Neil Malloy, has gotten approval from the local planning board to demolish the building and the adjacent Hip Town Grille and replace them with a 26,000-sf, five-story building.
According to the site plan approved by the planning board, the new construction will include eight residential condos with retail space at street level. A two-level parking garage is also part of the plan.
The project has been the subject of a battle between the property's owners and local preservationists who wanted the building saved for its historical significance. Portions of the Olde Union House building date to the 18th century and should be preserved as part of this city's oldest commercial center, according to Joel Iverson, president of Preservation Red Bank.
But the owners of the property, which had been an operating restaurant until recently, argued that the original building had been largely destroyed by a fire in the 1960s, and that the current building is for the most part a reconstruction. Planning board members ultimately agreed with that argument.
Actual construction is expected to start by the end of this year. The cost of the project has not been released.
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