NJ TRANSIT real‑estate open house

NJ TRANSIT is branding the gathering as its “LAND Plan Industry Day” and will stage the event at the agency’s Newark headquarters. (njtransit.com) The LAND Plan — released as NJ TRANSIT’s 30‑year real‑estate roadmap in October 2025 — targets the agency’s roughly 8,000‑acre portfolio and projects up to $1.9 billion in non‑farebox revenue over 30 years. (roi-nj.com) NJ TRANSIT estimates the portfolio could accommodate between 14,000 and 20,000 housing units and identifies about 50–100 acres potentially suited for warehousing or industrial uses. (re-nj.com) Procurement and RFP materials tied to these station‑area opportunities will be centralized on a dedicated development portal, njtransitdevelopment.com, which is maintained by Greystone Real Estate Advisory Group — NJ TRANSIT’s real‑estate advisor. (njtransitdevelopment.com) The LAND Plan explicitly expands beyond TOD to include retail concessions, expanded leasing, advertising revenue and a re‑examination of parking fee structures as part of the agency’s revenue strategy. (costar.com) High‑profile examples tied to the agency’s redevelopment agenda include a downtown Newark proposal to convert two office buildings into as many as 1,000 apartments with retail and a potential new 250,000‑square‑foot Horizon Blue Cross Blue Shield headquarters. (re-nj.com) NJ TRANSIT issued a public press release on March 18, 2026 announcing the Industry Day and described the forum as a convening for developers, investors, planners and municipal leaders to review upcoming development and leasing prospects. (njtransit.com)