A Somerset County borough could see the construction of a new mixed-use development.
A company named Hamilton Street Urban Renewal, LLC is proposing a six-story residential and retail development on parts of 17-19-21-23 East Street, 415 East Main Street, and 18 Hamilton Street in Bound Brook, according to a notice of hearing.
The company’s plans call for 143 apartments, amenity space, retail space, and both garage and surface parking on the premises, the notice says.
In order to proceed with the project, Hamilton Street Urban Renewal, LLC is scheduled to go before the Bound Brook Planning Board during a virtual meeting on Thursday, September 23, at 7:30 p.m. to seek preliminary and final major site plan approval.
The development plan for this area requires that at least half of the parking spaces for buildings within 1,200 feet of the Bound Brook stop on New Jersey Transit’s Raritan Valley Line be open to the public for 12 hours a day for a fee, according to the notice, but the developer is reportedly seeking a waiver to allow for no public parking to be included.
The LLC was incorporated out of Newark in 2019, according to the New Jersey Department of Revenue and Enterprise Services.
The three parcels are situated within Bound Brook’s downtown and are near the train station, library, and the Raritan River.
Bound Brook and several surrounding municipalities in Somerset County experienced significant flooding during the remnants of Hurricane Ida earlier this month and flooded several times before due to the low elevation near the river.
Note to readers: The dates that applications are scheduled to be heard by the Bound Brook Planning Board and other commissions are subject to change.