
Denholtz Properties and Redwood Real Estate Group Break Ground on 143-Unit Multifamily Community in Downtown Bound Brook
24 May 2023
Executives from Denholtz Properties and Redwood Real Estate Group joined 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 expected to be completed by Q3 2024.
Located in the heart of downtown Bound Brook, The Rail at Bound Brook is the latest addition to Denholtz Properties’ 'Rail' collection of transit-oriented multifamily communities. Situated next to the Brook Arts Center and steps from the Bound Brook train station, this modern development by Minno & Wasko is set to offer an in-demand residential experience in Somerset County, recently named 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 this investment will further embody our commitment to revitalizing the neighborhoods we serve and welcome new residents to experience all that Bound Brook and Somerset County have to offer.”
The Rail at Bound Brook will feature a mix of studios, one-bedrooms, one-bedrooms with dens, and two-bedroom units, designed for post-COVID-19 living with work-from-home space and outdoor balconies and terraces in select units. The six-story building will also offer an array of amenities, including an expansive courtyard with outdoor grills and seating, an indoor fitness and yoga studio, a game room, and bike storage.
Bound Brook’s resurgence follows the U.S. Army Corps of Engineers' completion of a $143 million flood control project in 2016, which effectively eliminated the flooding that had previously hampered large-scale real estate investment. Since then, Bound Brook and the State of New Jersey have implemented further measures to attract investment, including designating Bound Brook as a Transit Village and awarding $2.2 million for a pedestrian plaza adjacent to The Rail at Bound Brook’s planned entrance.
The Rail at Bound Brook complements Denholtz Properties’ rapidly expanding portfolio of premier multifamily communities across the United States. Recently, The Rail at Red Bank introduced 57 residential units and 7,500 square feet of ground-level retail to the area surrounding the Red Bank Train Station. Additionally, Denholtz Properties has bolstered its presence in the Southeast by adding 5150 JB Drive Apartments, a 384-unit property in Murfreesboro, Tenn., and Vida Apartments, a 289-unit community in Kannapolis, N.C., to its growing portfolio.