Denholtz Properties and Redwood Real Estate Group announced Monday plans to build the Rail at Bound Brook, a 143-unit Class A multifamily community.
Construction on the project, which will be located at 100 Hamilton St., is scheduled to begin by the end of 2022, with an estimated completion in the second quarter of 2024.
Featuring a design from award-winning architects Minno & Wasko, the Rail at Bound Brook will include 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 generous amenities package including an expansive courtyard with outdoor grills and seating, an indoor fitness and yoga studio, a game room and bike storage.
The Rail at Bound Brook will be the latest addition to Denholtz Properties’ growing portfolio of premier luxury multifamily communities. It comes in Bound Brook, a historic borough in Somerset County that has been emerging since the completion of the Army Corps of Engineers’ $143 million flood control project in 2016. Through the work, the borough has been able to effectively eliminate the flooding that had long caused it to consistently lag behind its nearby peers in real estate investment and redevelopment.
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 $2.2 million for the creation of a one-block pedestrian plaza adjacent to the planned entrance of the Rail at Bound Brook.
Denholtz CEO Steven Denholtz said the area is ready to take off.
“Recognizing and efficiently capitalizing on opportunities in the real estate market underpins everything that we do at Denholtz Properties,” he said.
“With highly favorable local demographics, a strategic location and tremendous untapped redevelopment opportunities, Bound Brook is the perfect next location for us to execute our opportunistic investment strategy. We look forward to bringing the Rail at Bound Brook to life and helping the borough to become a destination for residents and visitors alike.”
