Executives from Denholtz Properties and Redwood Real Estate Group were joined by representatives of the Borough of Bound Brook to celebrate the groundbreaking for The Rail at Bound Brook, a 143-unit Class-A multifamily community located at 100 Hamilton Street in Bound Brook, N.J. Construction is estimated to be completed in Q3 of 2024.
Located in the heart of downtown Bound Brook, The Rail at Bound Brook is the latest addition to Denholtz Properties ‘Rail’ collection of premier transit-oriented multifamily communities. Abutting the Brook Arts Center and just steps from the Bound Brook train station, The Rail at Bound Brook’s modern design from Minno & Wasko will bring an in-demand residential experience to Somerset County, recently selected as the Best County to Live in New Jersey by Niche.
“We are excited to celebrate the first steps in writing the next chapter in Bound Brook’s impressive turnaround story,” said Steven Denholtz, CEO of Denholtz Properties. “The Rail at Bound Brook’s unmatched location, meticulous design and impressive amenity package will set a new standard for luxury living in Bound Brook. We are confident that this investment will further embody our commitment to contributing to the revitalization of the neighborhoods we serve and help welcome new residents to experience all that Bound Brook and Somerset County have to offer.”
The Rail at Bound Brook features a diverse mix of studios, one-bedrooms, one-bedrooms plus dens, and two-bedrooms, designed for post-COVID-19 living with extra-work-from-home space and outdoor balconies and terraces in select units. In addition, the six-story building will boast a robust amenities package that includes an expansive courtyard with outdoor grills and seating, an indoor fitness and yoga studio, a game room and bike storage.
Bound Brook’s emergence comes on the heels of the completion of The Army Corp of Engineers’ $143 million flood control project in 2016. Through the work, the borough has been able to effectively eliminate the flooding that had made large-scale real estate investment and redevelopment difficult.
Since the completion of the flood mitigation efforts, the borough and the State of New Jersey have taken significant additional steps to attract real estate investment including designating Bound Brook as a Transit Village and distributing $2.2M for the creation of a one-block pedestrian plaza adjacent to the planned entrance of The Rail at Bound Brook.
The Rail at Bound Brook augments Denholtz Properties’ rapidly growing portfolio of premier multifamily communities across the United States. Opened this fall, The Rail at Red Bank’s 57 units and 7,500 square feet of ground-level retail have transformed the area surrounding the Red Bank Train Station. In addition, the company has also bolstered its presence in the southeast by recently adding 5150 JB Drive Apartments, a 384-unit multifamily property in Murfreesboro, Tenn. and Vida Apartments, a 289-unit multifamily community in Kannapolis, N.C. to its growing portfolio.