New Jersey Transit, Transit Oriented Development (TOD) Initiative
The NJEDA is currently accepting proposals from interested development partners. Please submit your information through the link on this page.
This initiative seeks to revitalize commuter hubs and increase ridership on New Jersey Transit (NJT) through the direct expansion of mixed-use walkable neighborhoods around existing transit stations. As directed by state legislation, the NJEDA will utilize funds to purchase vacant and underutilized property from NJT and facilitate development of TODs.
PROGRAM PURPOSE
To promote Transit Oriented Development around its stations and ridership on its trains, buses and light rail systems, the New Jersey Transit Corporation (“NJT”) is working to transfer ownership of certain properties to the New Jersey Economic Development Authority. On June 28, 2024, the New Jersey Legislature approved amending P.L. 1992, c 16, supplementing Title 34 of the Revised Statutes and appropriating $65,000,000 to NJEDA for the purchase of properties owned by the NJT, and use of no less than $35,000,000 for the purchase and development, redevelopment, planning, etc. to facilitate Transit Oriented Development.
NJT PROPERTY SELECTION
NJEDA engaged a global commercial real estate and investment management company, to assist in the identification of properties to purchase from NJT, ensuring the process was comprehensive, fair and objective.
All 418 parcels of land owned by NJT were included in the analysis. Active rail and bus terminals, bus depots or garages, office buildings, active rights-of-way, wetlands, and otherwise undevelopable properties were eliminated from consideration, reducing prospective parcels to 59 properties. These properties were then evaluated for proximity to active transit, market demand, commuter access to employment, community amenities, and site plan geometry constraints. The results Identified the highest priority stations for TOD in Hamilton, Linden, and Lyndhurst.
TOD PROJECT LOCATIONS
HAMILTON STATION:
The property (~21.9 AC at Block 1518, Lot 5.01) was created through consolidation of portions of several existing lots located between the Amtrak Northeast Corridor Rail Line and Interstate 295 in Hamilton Township, Mercer County. The current uses are a commuter parking lot with a variety of sculptures, access roads to Sloan Avenue, and stormwater drainage adjacent to the active NJT train station, parking garage, and a convenience store with gas station fronting Sloan Avenue. The site a portion of a designated redevelopment area for the former American Standard Industrial site which is under review for updates to this specific TOD site.
LINDEN STATION [Accepting Proposals Now] :
The property (~2.7 AC at Block 254, Lots 1-10) is currently used as a commuter parking lot with 273 parking spaces adjacent to New Jersey Transit (“NJT”) Linden Train Station’s southern platform. The property is located between two transit-oriented developments along Wood Avenue, one completed and occupied, the other under construction. Both are a mix of mid-rise residential, single-and two-family homes, and retail shops. The City of Linden has adopted a redevelopment plan for the site with development goals similar to those adjacent sites. NJT currently operates, maintains, and manages the commuter parking lot.
LYNDHURST STATION:
The property (~4.7 AC at Block 73, Lot 1) is currently used as a commuter parking lot with about 250 parking spaces at the corner of Delafield Avenue and New York Avenue. Access to the Lyndhurst Train Station is provided by a staircase on the west side of the property and a crosswalk across Delafield Avenue. A small memorial park with monument, benches and grass area is located at the north corner of the property. The property has automobile access from New York Avenue, and through the commercial shopping center adjoining the property to the East. The site operated as the northwest portion of the greater United Cork Works Company from about 1900 through 1941, and then as the Penick Corporation Drug Manufacturing company from 1941 through 1986, and Penco of Lyndhurst through 1994. The Penco of Lyndhurst Facility (including this property) was cleared of structures in 1999 for redevelopment and used as parking since that time.”
QUESTIONS
For more information, please see our FAQs here. If you do not see your question addressed, then please send an email to TOD@njeda.gov, and a team member will reach out to you.