Economic Revitalization of Bound Brook, NJ
Skye Consulting has been hired to provide economic revitalization strategies for the Borough of Bound Brook, New Jersey, a historic Somerset County community beginning an ambitious re-development process for 21st-century growth and stability.
Plans include developing a downtown arts district highlighting the area’s multi-national Hispanic business and culture and the expansion of the 1920s-era Brook Theatre into the Brook Arts Center, a multi-use facility providing live concerts, art shows, films and other community arts education programs.
Of three planned downtown developments, the centerpiece is Meridia Main Street Station, a 240-unit complex of 1- and 2-bedroom apartments constructed by Capodagli Property Company built in accordance with the latest in environmental design principles.
“Meridia Main Street is a premier gateway development that will lead to further revitalization of our downtown,” says Carey Pilato, Mayor of Bound Brook. “It is certain to complement the diversity and vitality of our community.”
Bound Brook is an active, pedestrian-friendly community with numerous Colonial, Victorian, Queen Anne, Craftsman, Bungalow and Cape Cod homes, old growth trees and recreational parks and facilities that include Billian Park, a Revolutionary War battle site and the historic Delaware and Raritan Canal.
With a growing population of more than 10,000, Bound Brook is located in the heart of Somerset County and is part of a regional economy boasting a consistently lower than state and national unemployment rate of 6.7% and a higher than state and national 10-year job growth estimate of 34.90%.
Skye Consulting has been active in assisting the borough municipal and business leaders with maximizing their redevelopment options.
Highlighting the business district’s transformation is a re-branding campaign devised by Skye Consulting: vacant storefront windows are filled by attention-grabbing “Pardon Our Appearance” signage that also communicates the borough’s multiculural commercial flavor.
“People are looking for a sense of community,” says Skye Consulting’s James Kennedy. “What made cities like Bound Brook thrive a hundred years ago were rivers and trains that exported products and trade. We can use those assets now to make the downtown core attractive to the residents and visitors who form the basis of today’s people-centered economy.”