NJ TRANSIT AND MATAWAN SEEKING PARTNERS FOR TRANSIT ORIENTED DEVELOPMENT
Seven Acres of NJ TRANSIT Property near Rail Station Slated for Mixed Use Development
FOR IMMEDIATE RELEASE
April 4, 2019
NEWARK NJ – NJ TRANSIT and the Borough of Matawan are working in partnership to create an exciting new mixed-use development adjacent to the Aberdeen-Matawan Rail Station. The development, which will be on seven acres of NJ TRANSIT-owned land along the New Jersey Coast Line, is part of an extensive transit-oriented development project spearheaded by Matawan since 2001.
“Matawan’s vision and leadership on this project are critical to its success, and we couldn’t ask for a better partner to foster smart growth connected with public transportation,” said NJ TRANSIT Executive Director Kevin Corbett. “NJ TRANSIT is committed to development projects like this to build sustained economic growth, support our community partners, and increase non-farebox revenue.”
The vision for this project is to combine moderate- to high-density residential units with retail, office and community spaces to create a vibrant walkable community with easy access to regional amenities and destinations via NJ TRANSIT’s rail services.
“I'm excited the first step has been taken toward the redevelopment of the Matawan Train Station,” said Matawan Mayor Joseph Altomonte. “NJ TRANSIT has begun their request for qualifications of interest for the section of property owned by NJ TRANSIT located at the Aberdeen-Matawan Train Station. This project has been a priority of my platform and we are eager to get it moving. We look forward to seeing what ideas will be submitted."
The area around the Aberdeen-Matawan station has seen significant interest and growth in recent years. Last October, NJ TRANSIT welcomed the opening of The LINK mixed-use development on the Aberdeen side of the station, and Matawan has launched a number of projects on private properties in addition to the station redevelopment plan.
To promote this and other transit-oriented development opportunities on and near NJ TRANSIT properties, NJ TRANSIT has developed a website to host project documents for interested bidders and members of the community to access.
The website, at https://www.njtransitdevelopment.com/, launched last month with the Matawan project’s Request for Qualifications. Interested developers and builders should visit the site regularly as it will be the prime location for posting of upcoming opportunities to bid on NJ TRANSIT-related development projects.
Additionally, last week NJ TRANSIT hosted a packed event at its Newark Headquarters with prime contractors, small businesses and disadvantaged business enterprises (DBEs) to showcase many of the upcoming capital construction projects, as well as opportunities to connect and do business with the agency. Approximately 150 people attended the event to learn about more than $800 million in new contracting opportunities in capital projects becoming available throughout the year.
About NJ TRANSIT
NJ TRANSIT is the nation's largest statewide public transportation system providing more than 925,000 weekday trips on 251 bus routes, three light rail lines, 12 commuter rail lines and through Access Link paratransit service. It is the third largest transit system in the country with 166 rail stations, 62 light rail stations and more than 19,000 bus stops linking major points in New Jersey, New York and Philadelphia.