NJ Transit seeking proposals from four finalists in 12-acre Metropark redevelopment

Jul 15, 2021 | Government & Public Policy, News, Residential & Mixed Use

By Joshua Burd

State officials are seeking pitches from companies that have shown an interest in redeveloping 12 acres directly adjacent to the busy Metropark transit hub in Woodbridge.

On Thursday, Gov. Phil Murphy and NJ Transit issued a request for proposals to four undisclosed finalists that successfully submitted responses to an earlier solicitation for expressions of interest. The agency is seeking to spur mixed-use development at the site as part of a statewide plan, under which it hopes to activate its train and bus stations in support of sustainability goals and creating new revenue streams.

“Transit-oriented developments are key to New Jersey’s economic future,” Murphy said. “NJ Transit’s innovative efforts on this front are welcome as demand for housing continues to be at historic highs in New Jersey. This development will create brand new housing that is connected to New York City and other key economic centers in our area.”

Located along the Northeast Corridor line and just south of Route 27, the Metropark station is one of NJ Transit’s busiest. Redeveloping the site would fit into the agency’s 2030 10-year Strategic Plan, through which it’s promoting a more sustainable future through the development of walkable communities, engaging in adaptive reuse of property to maximize its value and fostering a green economy by reducing emissions related to transportation.

“For NJ Transit, the development of TOD communities not only means new opportunities to generate revenue and optimize the agency’s real estate around our public transportation hubs throughout the state, but also to meet the state’s economic and environmental goals,” said Kevin S. Corbett, the agency’s CEO and president. “NJ Transit knows how transformational this development will be for the township of Woodbridge and is proud to facilitate the advancement of this important project.”

Subscribe

Joshua Burd

Joshua Burd, an award-winning reporter and editor, has been covering New Jersey commercial real estate for 13 years. Many industry leaders view him as the go-to real estate reporter in the state, a role he is eager to continue as the editor of Real Estate NJ. He is a lifelong New Jersey resident who has spent a decade covering the great Garden State.

Other Top Stories