Blelltr, bank president, told The Register yesterday that rumors ot the bank' leaving its present location are not true, "We definitely are staying here," he laid, E.R. Bank To Stay On the "plus" side of the ledger, however, Is the fact tha Monmouth County National Bank has decided to remain on First Ave.
The New Jersey Natural Gas Company office building, vacated shout four years sgo, Is now used as a school annex, but will >"> vacated soon again when th Board of Education moves its pu pits from the building. Marine View Savings and loan akn plans to move to the plara. Safeway Stores, taken over by National Food Stores, recently moved to the new Bayshorr Plaza Shopping Center, Rt. Unfavorable Trend The business community, however, considers this turnover an unfavorable trend and chamber members have indicated they want to do something about It. have "folded." Some of the va- cant building* have been taken over by new tenants. In the past five years, several small businesses on First Ave. He indicated, however, that other members, alarmed at the business district problem, are.pushing for reactivation of th« ohamber. Jerry Greenberg, chamber president, said yesterday there are now six "active" members In the group. Lynch expressed the belief that the highway shopping centers in the area, and the anticipated loss of the student market have dealt "the final blow." He noted that efforts of the Chamber of Commerce have "failed to remedy the situation." According to chamber members, the gtoup has been Inactive the last several months. 'Steadily Downhill' Citing the fact that local trade "has steadily moved downhill" in the past few years, Mr. Grades 7-12 are scheduled to move into the new Henry Hudson Regional Junior-Senior High School. Lynch predicts that local luncheonettes and confectionery stores will feel the loss of the high school student trade. businessmen will be forced out because the trend Is "to shop out of town." Noting that the high school will move out o[ town in September, Mr. with 80 units, and a $200, unit apartment project between West Highland and West Washington Aves. Two Projects The borough is already slated for two new apartment projects this year a $1.5 million "coop" at First Ave. In line with this trend, he plans to build a one-bedroom apartment on the first floor behind the store section, and a two-bedroom apartment on the second floor.
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Elkan, Middlc-Ģ 2-1T»ir»%, Maicfe 29,1962 Problem (Continued) ening store hours, tad improving the stock." He expressed the opinion that there is now a "new trend" in the borough that is, construction of small apartments to accommodate professional people and retired couples. Springs Rd., Red Bank.-Adv, projects confronting the borough. Upper Freehold, Wall, and Mon-Across from A&P, Newman help solve tho problems and mouth Regional High Schools. Arrangements will with I-roHiolilcr Director Joseph those duties for tlie. flcial and dedicated interest" tn bury Park. Rose of llelmar, Dutch's Automatic Car Wash. (clerk's, sheriff's, and surrogate's Red Hank, Rumsnn-Fair Haven A Clean Car Rides Better The mayor called for "a sacru ttip, Harris Funeral Hume, Student freeholders participated departments and "look over" Regional, Si.
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