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:
Corporate Transactions: Best Practices for Successful Deals
Corporate transactions can have significant implications for a corporation and its stakeholders. For deals to be successful, companies must act strategically to maximize value and minimize risk. It is also important to fully understand the legal and financial ramifications of corporate transactions, both in the near and long term. Understanding Corporate Transactions The term “corporate […]
How to Conduct a Fair and Legal Employee Termination in 2025
Ongoing economic uncertainty is forcing many companies to make tough decisions, which includes lowering staff levels. The legal landscape on both the state and federal level also continues to evolve, especially with significant changes to the priorities of the Equal Employment Opportunity Commission (“EEOC”) under the Trump Administration. Terminating an employee is one of the […]
Admin Dissolution for Annual Report: What You Need to Know
While filing annual reports may seem like a nuisance, failing to do so can have significant ramifications. These include fines, reputational harm, and interruption of your business operations. In basic terms, “admin dissolution for annual report” means that a company is dissolved by the government. This happens because it failed to submit its annual report […]
Antitrust laws are designed to ensure that businesses compete fairly. There are three federal antitrust laws that businesses must navigate. These include the Sherman Act, the Federal Trade Commission Act, and the Clayton Act. States also have their own antitrust regimes. These may vary from federal regulations. Understanding antitrust litigation helps businesses navigate these complex […]
Dissolving Your Business: Essential Legal Steps to Protect Your Interests
If you’re considering closing your business, it’s crucial to understand that simply shutting your doors does not end your legal obligations. Unless you formally dissolve your business, it continues to exist in the eyes of the law—leaving you exposed to ongoing liabilities such as taxes, compliance violations, and potential lawsuits. Dissolving a business can seem […]
The Role of Corporate Restructuring in Mergers & Acquisitions
Contrary to what many people think, corporate restructuring isn’t all doom and gloom. Revamping a company’s organizational structure, corporate hierarchy, or operations procedures can help keep your business competitive. This is particularly true during challenging times. Corporate restructuring plays a critical role in modern business strategy. It helps companies adapt quickly to market changes. Following […]
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!
