Bound Brook Mayor Brad Longo (left) and Denholtz Chairman Steven Denholtz were among those on hand June 4 as the developer joined partner RWC and its their project team and local officials on June 4 to unveil The Rail at Bound Brook, a 143-unit luxury apartment building at 100 Hamilton St. in Bound Brook. — Courtesy: Denholtz
By Joshua Burd
Denholtz has opened the doors to a new 143-unit luxury apartment building in downtown Bound Brook, where it joins a growing stock of new rental housing steps from NJ Transit rail service.
The developer, which is based in Red Bank, said it had already leased some 25 percent of the homes at 100 Hamilton St. when it joined partner RWC, its project team and local officials last week to unveil what’s known as The Rail at Bound Brook. That provided a real-time look at the demand in an area where developers have added more than 700 multifamily units in recent years, capitalizing on the demand for housing near mass transit and the benefits of a major flood control project.
Designed by Minno & Wasko Architects and Planners and built by March Associates, The Rail at Bound Brook is just north of the Bound Brook train station and in the borough’s growing arts corridor. Citizens Bank provided construction financing, which was sourced by JLL.
“There are few towns in the state of New Jersey that have accomplished what Bound Brook has done in the last five years,” said Steven Denholtz, chairman of Denholtz. “And what they’re about to do in the next five years is equally exciting.”
Located just off Main Street, the six-story building has a mix of upscale studio, one-bedroom and two-bedroom apartments. Renters also have access to amenities such as an outdoor courtyard with a bar, grilling stations, dining areas and fire pits, plus a lounge with billiards, a 24-hour fitness center and yoga studio, a first-floor resident lobby and coworking space, among others.
“This is the fulfillment of a vision,” Bound Brook Mayor Dominic Longo said. “Not only for everybody who was involved in the process, but so many people who are involved in the building of what Bound Brook is becoming and going to become — all of those people that were involved throughout the years.”
That includes Borough Administrator Jasmine McCoy, Longo said. He also praised Abel Gomez, a planning board member and former councilmember who has helped spearhead redevelopment in the downtown after a $143 million flood control project completed in 2016 by the U.S. Army Corp of Engineers.
Denholtz, for his part, was equally effusive of Longo and other borough officials, in addition to investment firm RWC and members of the project team. They include Stuart Johnson of Minno & Wasko, who helped craft the vision for the project when it was a vacant development site, as well as the construction team with Wayne-based March Associates.
“We were very, very fortunate to choose March Construction to build the building for us,” Denholtz said. “It’s hard to explain how many problems they solved and how many ways they found to do things more efficiently, never once comprising on quality and always making sure that they delivered what they said.”
Denholtz, Redwood break ground on 143-unit rental project in downtown Bound Brook
