A Joint Venture between Denholtz Properties, a leading real estate development and investment company, and Redwood Real Estate Group, a fourth-generation privately held real estate investment company, announce their plans 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 slated to begin by the end of 2022 with an estimated completion in Q2 of 2024.
The Rail at Bound Brook will be the latest addition to Denholtz Properties’ growing portfolio of premier luxury multifamily communities. 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.
Located in the heart of downtown Bound Brook, a historic borough in Somerset County, recently selected as the Best County to Live in New Jersey by Niche, The Rail at Bound Brook will offer residents an opportunity to live in one of New Jersey’s hottest up-and-coming communities. The community is just feet away from the Bound Brook Train Station and is easily accessible to the wide range of dining and shopping options found across Somerset County.
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 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 $2.2M for the creation of a one-block pedestrian plaza adjacent to the planned entrance of The Rail at Bound Brook.
“Recognizing and efficiently capitalizing on opportunities in the real estate market underpins everything that we do at Denholtz Properties,” said Steven Denholtz, CEO of Denholtz Properties. “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.”
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 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 portfolio in the last year.