Denholtz, Redwood Break Ground on New Jersey Community

The Rail at Bound Brook. Image courtesy of Minno & Wasko Architects and Planners

Denholtz Properties will add another New Jersey-based, transit-oriented development to its multifamily portfolio. The developer, along with Redwood Real Estate Group, broke ground on The Rail at Bound Brook last month and expects to complete the community in the third quarter of 2024.

Denholtz and Redwood revealed their plans for the community in November, tapping Minno & Wasko as the project’s architect and March Associates Construction as general contractor.

The 143-unit community will offer studio, one- and two-bedroom units ranging from 530 to 1,094 square feet. The units were designed to accommodate post-pandemic lifestyles with work-from-home space and outdoor balconies offered in select units. The community’s amenities include a courtyard, fitness and yoga studio, game room and bicycle storage.

Located at 100 Hamilton St., The Rail at Bound Brook is within walking distance of the Bound Brook train station that offers residents an approximately 1.5-hour commute to New York City. The community is also next to the Brook Arts Center and several restaurant and retail options on Bound Brook’s Main Street.

Denholtz’s multifamily project comes after the Army Corps of Engineers completed a $143 million flood control project for the area in 2016. The project eliminated the flooding that prevented real estate investment and redevelopment projects, with the borough and the state of New Jersey later designating Bound Brook as a “Transit Village”. The designation came with $2.2 million of funding backing the construction of a one-block pedestrian plaza, which will be next to the The Rail’s entrance.

A focus on transit-oriented communities

The Rail at Bound Brook adds to the growing collection of transit-oriented properties that make up the company’s “The Rail” collection. Previously, the developer completed construction on The Rail at Red Bank, a 57-unit community in Red Bank, N.J., with 7,500 square feet of ground-level retail that opened in the fall of 2022. Similarly, The Rail at Red Bank included transformations to the area surrounding the Red Bank train station.

Beyond New Jersey, Denholtz has been growing its presence in the Southeast U.S. multifamily market. The developer recently acquired 5150 JB Drive Apartments, a 384-unit community in Murfreesboro, Tenn., in November, following its acquisition of the 289-unit Vida Apartments in Kannapolis, N.C.