Murphy Administration, NJ Transit advance Metropark development project
New Jersey Transit (NJ Transit) and the Murphy Administration are advancing a transit-oriented development (TOD) project at Metropark Station in Woodbridge as part of their ongoing commitment to promote sustainable economic growth.
NJ Transit has released a Request for Proposals (RFP) to the four finalists who successfully submitted responses to the previous request for Statements of Qualifications and Expressions of Interest.
“Transit-oriented developments are key to New Jersey’s economic future,” said New Jersey Gov. Phil Murphy. “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.”
“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 NJ Transit President and CEO Kevin S. Corbett. “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.”
In 2020, NJ Transit solicited Statements of Qualifications and Expressions of Interest in 12 acres located directly adjacent to the Metropark Station on the Northeast Corridor Line, one of the busiest rail and bus stations in the NJ Transit system. The site is envisioned for transformative mixed-use development that is strategically phased to create a new community of place centered at the transportation facilities.
Facilitating the development of TODs is one of the five goals in NJ Transit’s 2030 10-year Strategic Plan, through which the agency is promoting a more sustainable future for the planet 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.