RED BANK – Hamilton Jewelers, which has occupied 19 Broad St. for 11 years, is looking for a new home.
The retailer, specializing in luxury jewelry and designer brands, is seeking new digs because “unfortunately, lease negotiations were not successful,” said Donna Bouchard, vice president.
“But we love Red Bank and we definitely plan on staying in town and hopefully nearby,” she said.
The property owner of record is 19 Broad Street, LLC, according to municipal tax rolls. The owner already has a new tenant for the site, who will look to convert the location into a bar/club, according to James Scavone, executive director of Red Bank RiverCenter, the management and advocacy organization for the borough’s commercial Special Improvement District.
The family-owned Hamilton Jewelers has been in business for 102 years with locations in Princeton, Palm Beach and Palm Beach Gardens in Florida.
The store opened in 2003 after the 3,600 square-foot, 2-story retail space underwent, what Bouchard called “significant” renovations.
The Red Bank store is currently conducting a liquidation sale “to help move some inventory,” Bouchard said, stressing it’s not a going-out-of-business sale but a moving sale.
“We’re trying to go as fast as we can to find something quickly” for new location, Bouchard said. “We’re really confident that something will work out in the very short term.”
Rick Stavola, a principal in 19 Broad St., did not respond to a phone call seeking comment.