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3/11/2005
Rail News: Rail Industry Trends
NJ Transit seeks developer for transit village project
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Today, New Jersey Transit is issuing a request for proposals to solicit a developer for a transit village to be built adjacent to the Hamilton rail station on the Northeast Corridor.
Expected to increase the agency’s ridership and revenue, the proposed 30-acre village would incorporate residential, commercial and retail development on the site of a parking lot.
Since opening in 1999, the Hamilton station has become one of NJ Transit’s busiest.
Last year, the agency announced plans to build a 2,000-space parking structure on a portion of the current surface parking lot and develop the remainder of the lot. Parking deck construction is scheduled to begin in fall.
Expected to increase the agency’s ridership and revenue, the proposed 30-acre village would incorporate residential, commercial and retail development on the site of a parking lot.
Since opening in 1999, the Hamilton station has become one of NJ Transit’s busiest.
Last year, the agency announced plans to build a 2,000-space parking structure on a portion of the current surface parking lot and develop the remainder of the lot. Parking deck construction is scheduled to begin in fall.
