A commuter parking lot in Jersey City near one of the state’s most prominent green spaces is the focus of a new development push as NJ Transit seeks a redeveloper to overhaul a superblock of property it owns.
Per a public notice, NJ Transit, in collaboration with the City of Jersey City, is presenting an opportunity to implement a transit-oriented development project on about 11 acres of land across from the Liberty State Park Station on the Hudson-Bergen Light Rail. The property currently houses a commuter park-and-ride lot.
The effort is part of the agency’s LAND Plan, which is short for Leveraging Assets for Non-Farebox Dollars. It hopes to unlock the development potential of approximately 8,000 acres of agency-owned property by generating new revenue streams for NJ Transit…