The borough of Bound Brook is not wasting any time moving forward with redevelopment plans as the Green Brook Flood Control Project nears completion.
Capodagli Property Co., located in the Pompton Plains section of Pequannock, announced Tuesday it has been awarded the rights to build a 240-unit luxury apartment building on East Main Street. The location is the site of the former Bolmer Motor Car company.
In the announcement, Capodagli said it expects to begin work on the project in the spring.
The apartment complex will be within walking distance of the borough’s train station and, according to the announcement, will consist mostly of one- and two-bedroom apartments.
Capodagli founder and principal George Capodagli said the borough council and economic development committee “have really paved the way for progress and revitalization to take place, which makes me believe this will be a strong partnership.” The borough is designated as a transit village.
Capodagali Property Co. and its management arm, Merdia Management, already have completed similar affordable luxury apartment complexes in Rahway, West New York and Wallington.