Steinbach had been a fixture in Asbury Park since the late 19th century, and by the turn of the 20th century, a new flagship store was planned and built on Cookman Avenue, billed as "The world's largest resort department store." This building initially contained five floors (basement level through fourth floor), and by the 1930s, a fifth floor and clock tower were added. As the Northern sections of the New Jersey shore started to suburbanize, Asbury Park and Steinbach became a focal point. The downtown Steinbach remained popular even after several nearby shopping centers opened, but the race riots during July 1970 cast a shadow over downtown, and shoppers started to avoid the area. Ownership changes also affected Steinbach, and in 1978, Steinbach's then-corporate parent, SGC, opened a new consolidated office building in White Plains, New York to serve as the headquarters for its department store holdings. This cost downtown Asbury Park over 100 jobs, and diminished the role of the downtown building. SGC also refocused Steinbach as a more value-oriented chain. This location, and all future locations, used mahogany wood for all fixtures and showcases.