Gov. Phil Murphy Recently Announced that the State’s Economic Development Authority Will Partner with NJ Transit to Redevelop Land Surrounding NJ Transit Stations
Gov. Phil Murphy recently announced that the state’s Economic Development Authority will partner with NJ Transit to redevelop land surrounding New Jersey’s train stations. The new initiative should result in many new opportunities for New Jersey businesses.
“Transit-oriented development and encouraging smart growth is one of the centerpieces of Gov. Murphy’s economic strategy,” Tim Sullivan, the CEO of the EDA, said. “The governor’s plan advances NJ Transit’s continuing efforts to promote economic growth in the state while increasing non-fare box revenue for the agency,” Nancy Snyder, a spokeswoman for NJ Transit, added.
Plan to Redevelop NJ Transit Stations
Under the plan, parking lots and other property located in close proximity to rail stations would be converted into mixed-use developments containing housing and retail businesses. The idea is to establish “villages” that spur economic activity in areas that are currently underutilized.
According to the Murphy Administration, the state plans to prioritize development around stations in Newark, Trenton, Metro Park, Jersey City, and Paterson. NJ Transit has separately targeted locations in Bordentown, Bound Brook, Camden, and Hoboken. The EDA has yet to release any information about the size of the lots and how much housing and retail space could be built. Issues regarding zoning, housing density, and the establishment of additional transit services near the properties will be addressed on a project-by-project basis, according to officials from NJ Transit and the Murphy Administration.
Existing Transit Oriented Design Developments
While this is the first time that the State of New Jersey has officially targeted transit redevelopment, it is not a new idea. In support of the initiative, Sullivan cited similar redevelopment projects on property owned by New York’s Metropolitan Transportation Authority (MTA).
In New Jersey, several local municipalities have also worked with NJ Transit. The Link at Aberdeen Station, which was the result of a partnership between NJ Transit, Aberdeen Township and the developer, opened in 2018. It features apartments, stores, restaurants and walkable access to the Aberdeen-Matawan Station.
This summer, the city of Bayonne and NJ Transit announced they are partnering on a redevelopment project that will involve the construction of multi-unit mixed-use building on what is now part of the parking lot of the 34th Street Hudson-Bergen Light Rail station.
In Somerville, a developer purchased 11 acres of land from NJ Transit, which will serve as the site for a Somerset Station transit village. The project is slated to include 370 apartments, 156 townhouses, 4,000 square feet of retail space, two parking garages, and a new road connecting Route 206 with the Raritan Valley Line rail station.
Opportunities for New Jersey Developers
Given that the Murphy Administration has stated that it plans to act quickly, we expect that the EDA and NJ Transit will announce additional details shortly, including the publication of Requests for Proposal/Qualifications/Bids.
For businesses that are interested in transit-oriented design developments, we encourage you to work with a knowledgeable New Jersey land use attorney who can guide you through every stage of the process, from proposal to construction.
If you have questions, please contact us
If you have any questions or if you would like to discuss the matter further, please contact me, Donald M. Pepe, or the Scarinci Hollenbeck attorney with whom you work, at 201-806-3364.
This article is a part of a series covering New Jersey’s new initiative to redevelop areas near public transit centers. Additional installments from the series are listed below:
Portability of estate and gift tax enables a surviving spouse to inherit any unused portion of their deceased spouse’s federal estate and gift tax exemption. So, if one spouse doesn’t utilize their full exemption, the surviving spouse can effectively double their exemption amount with regard to estate tax liability. For married couples, portability offers a […]
Pet Trusts in New Jersey and New York: A Practical Estate Planning Tool
For many of us, pets are more than companions—they are members of the family. Yet they are often overlooked or inadequately provided for when it comes to estate planning. A pet trust offers a legally enforceable way to ensure that your animal continues to receive proper care if you become incapacitated or pass away. As […]
For many New Jersey business owners, a closely held company represents decades of work, financial investment, and personal sacrifice. Trusts in business succession planning are one of the most effective tools for protecting that value, allowing founders to control how and when the business passes to the next generation while reducing the risk of disputes, […]
Read Before You Sign: IT Contract Pitfalls Every NJ Business Should Know
In today’s digital economy, New Jersey businesses of all sizes rely heavily on technology vendors, software providers, cloud platforms, and managed IT services. Whether your company is purchasing software, migrating data to the cloud, engaging a cybersecurity consultant, or entering into a long-term managed services agreement, a careful IT contract review can have significant operational, […]
Non-disclosure agreements (NDAs) remain a critical tool for protecting sensitive business information. However, New York NDA requirements have evolved, and businesses must ensure these agreements are carefully drafted to remain enforceable. In a competitive market like New York City, NDAs are commonly used to protect proprietary information, client relationships, and strategic plans. At the same […]
How Courts Evaluate Testamentary Capacity and Undue Influence Will contests in New Jersey are difficult to win, given the strong presumption that a properly executed will reflects the testator’s intent. However, challenges based on lack of testamentary capacity and undue influence remain common, particularly where there are concerns about mental capacity or the involvement of […]
No Aspect of the advertisement has been approved by the Supreme Court. Results may vary depending on your particular facts and legal circumstances.
Sign up to get the latest from our attorneys!
Explore What Matters Most to You.
Consider subscribing to our Firm Insights mailing list by clicking the button below so you can keep up to date with the firm`s latest articles covering various legal topics.
Stay informed and inspired with the latest updates, insights, and events from Scarinci Hollenbeck. Our resource library provides valuable content across a range of categories to keep you connected and ahead of the curve.
Let`s get in touch!
Sign up to get the latest from the Scarinci Hollenbeck, LLC attorneys!
