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$32.45m financing secured for New Jersey multi-housing development
Transactions - OCTOBER 7, 2022

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$32.45m financing secured for New Jersey multi-housing development

by Released

A joint venture between Denholtz Properties and Redwood Real Estate Group has plans to develop The Rail at Bound Brook, a to-be-constructed 143-unit, mid-rise, transit-oriented, class A apartment community located within an opportunity zone in Bound Brook, N.J.

The project secured $32.45 million in financing.

The six-story The Rail at Bound Brook will feature studio, one-bedroom and two-bedroom floorplans with designer kitchens, large windows, walk-in closets, nine-foot ceilings, stainless steel appliances, in-unit full-size washers and dryers, balconies and large terraces in select units, and an average size of 811 square feet. Community amenities will include a large lobby, a resort-style furnished courtyard with lounge areas, an upscale 4,030-square-foot club suite, a game room, a yoga studio, co-working space and garage parking. Additionally, the property will offer 650 square feet of retail space and 149 parking spaces.

Located at 100 Hamilton Street within

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