NJ TRANSIT has announced major progress on three key transit-oriented development (TOD) projects across New Jersey. Located in Jersey City, Bound Brook, and Morristown, the initiatives represent immediate execution on Governor Mikie Sherrill’s Housing Strategy and NJ TRANSIT’s long-term LAND Plan.
Upon completion, the three developments are expected to generate over 1,000 new housing units—including hundreds set aside for affordable and workforce housing—while driving recurring non-farebox revenue for NJ TRANSIT and local municipal partners.
“You can’t make New Jersey more affordable without making housing more affordable. That’s why the Housing Strategy I released in September calls for putting State-owned property to work and building more homes near transit,” Gov. Mikie Sherrill said. “These projects in Jersey City, Bound Brook, and Morristown advance that commitment, creating more housing choices near jobs and revitalizing our downtowns.”
Progress across three key station hubs
The developments highlight expanding momentum for smart growth partnerships between the state, transit leadership, and local municipalities:
- Liberty State Park Light Rail Park-and-Ride (Jersey City): NJ TRANSIT has formally issued a Request for Qualifications/Proposals (RFQ/P) to developers for an 11-acre site adjacent to the Liberty State Park Light Rail station on Communipaw Avenue. Formulated as a mixed-use transit village, the development plan calls for retail space, public amenities, and rental apartments, with at least 20% dedicated to affordable housing and 10% to workforce housing. Development proposals are due by 4 p.m. EST on January 21, 2027.
- The Meridia Downtown Project (Bound Brook): Advanced through NJ TRANSIT’s Unsolicited Request for Development (URD) program, construction by Capodagli Property Company is expected to break ground next year at the Bound Brook Station along the Raritan Valley Line. The mixed-use plan includes 218 apartments, 3,600 square feet of ground-floor retail, community amenities, and a structured parking garage.
- Morristown Station Parcel Development (Morristown): NJ TRANSIT and V Fee Lafayette Realty, LLC have signed an Exclusive Negotiation Agreement (ENA) to redevelop two parcels next to Morristown Station. In partnership with the Town of Morristown, preliminary plans envision a multi-use mix of Class A office space, multi-family residences, ground-floor retail, and structured parking.
NJ TRANSIT’s broader LAND Plan (Leveraging Assets for Non-farebox Dollars) outlines a long-range blueprint to extract up to $1.9 billion in transit revenue, $14 billion for the state economy, and $1.6 billion in municipal revenues over 30 years by utilizing portions of its 8,000-acre land holdings.
“Transit-oriented development is critical to creating walkable, livable, and vibrant communities in New Jersey while at the same time providing a meaningful source of non-farebox revenue to NJ TRANSIT,” noted NJ TRANSIT President & CEO Kris Kolluri.
The projects align directly with the Sherrill administration’s state housing goals established under Executive Order 17, which recently raised the state’s projected development target on public lands to more than 40,000 homes statewide.
