Nearly 200 Townhouse Development Scheduled For Hearing Wednesday

K. Hovnanian wants to build on Route 34 tract zoned for commercial use

A Red Bank developer is eyeing a tract on Route 34 currently zoned for commerical use to build nearly 200 townhouses and the company is scheduled to make its initial pitch before the Board of Adjustment on Wednesday. It's the second time the project has been scheduled after a previous hearing last month was scrubbed from the board's agenda at the last minute. No reason was given. Red Bank-based K. Hovnanian wants to build 199 townhouses on a 37-acre plot at the state highway and Allaire Road. Twenty percent, or about 40 homes, would be reserved as affordable housing units, according to the proposal. The property is not zoned for residential development, so K. Hov Shore Acquisitions – the company set up to make the pitch – is asking the …

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