NJ TRANSIT TO HOLD OPEN HOUSE FOR REAL ESTATE OPPORTUNITIES
LAND Plan Industry Day Provides Forum to Meet Real Estate Team and Learn About Upcoming Transit-Oriented Development and Leasing Opportunities.
March 18, 2026
NEWARK, NJ – NJ TRANSIT will host an open house networking event on April 21st for real estate developers, commercial real estate professionals and other interested parties to meet its real estate team and subject matter experts, and learn about upcoming transit-oriented development projects, as well as opportunities for leasing and retail.
“I am excited to see NJ TRANSIT bringing partners together for this open house. Transit-oriented development is one of the most effective tools we have to tackle our housing shortage, reduce congestion and air pollution, and lower costs for families,” said Governor Mikie Sherrill. “Our state is committed to working alongside NJ TRANSIT, developers, and local communities to cut red tape and deliver housing people need near the transit they rely on every day. This is how we strengthen communities and build a more affordable future.”
“Hosting this open house allows us to showcase opportunities from the most comprehensive inventory of NJ TRANSIT-owned land ever assembled and invite partners to help bring these opportunities to life,” said NJ TRANSIT President & CEO Kris Kolluri. “With the potential to deliver billions in economic impact for New Jersey, NJ TRANSIT and local municipalities, including support for up to 20,000 new housing units, the LAND Plan is designed to strengthen communities around our stations while improving service for our customers.”
The event comes six months after the agency launched The LAND Plan: Leveraging Assets for Non-farebox Dollars, a roadmap to raise as much as $1.9 billion in non-farebox revenue for NJ TRANSIT, up to $14 billion for the State of New Jersey, and up to $1.6 billion in municipal revenues over the next 30 years by leveraging portions of its 8,000-acre real estate portfolio. The plan highlights how NJ TRANSIT, working with the Legislature, state agencies and local host communities, can activate underutilized assets to deliver housing, jobs and recurring non-fare revenue, while improving customer experience and reliability.
This first-of-its-kind LAND Plan Industry Day is scheduled for April 21st at 9:00 a.m. in the Board room at NJ TRANSIT’S Newark headquarters. Participants will have the opportunity to network with NJ TRANSIT leadership and staff directly charged with implementing these initiatives and to learn about upcoming offerings for prospective projects in Union City, Jersey City, Bayonne, Pennsauken, Princeton Junction and elsewhere. NJ TRANSIT will also solicit informal market input for potential offerings in development.
“NJ TRANSIT and transportation are essential to the economy and quality of life in New Jersey’s communities – and so are opportunities to use properties to boost affordable housing opportunities,” said Union City Mayor and State Senator Brian Stack. “Union City is proud to partner with NJ TRANSIT in this initiative, which can create housing and jobs, and revenue for communities and the transit system, mitigating the need for future fare hikes.”
"Jersey City is a transit hub and a model for what smart, transit-oriented development can look like, and we're excited to work with NJ TRANSIT to bring more affordable housing and economic opportunity to our communities,” said Jersey City Mayor James Solomon. “The LAND Plan represents exactly the kind of forward-thinking partnership that turns underutilized public assets into real benefits for residents, and Jersey City is ready to be a leader in making that vision a reality."
“NJ TRANSIT has been a great partner to Hoboken as we work together on the exciting transformation of Hoboken Terminal and the surrounding area,” said City of Hoboken Mayor Emily B. Jabbour. “Projects like Hoboken Connect, along with the broader vision outlined in NJ TRANSIT’s LAND Plan, open the door to new opportunities to create housing, strengthen our local economy, and reinvest in the public spaces and infrastructure residents rely on every day. I look forward to continuing this partnership and building on the progress we’ve already made together.”
“We commend NJ TRANSIT for convening this inaugural LAND Plan Industry Day and bringing together partners focused on advancing transit-oriented opportunities across the state,” said Pennsauken Mayor Patrick Olivo. “With the completion of the Pennsauken Transit Feasibility Study, we look forward to the next steps and the potential to implement some of the ideas identified to strengthen transit access and support smart growth in our community.”
NJ TRANSIT President and CEO Kris Kolluri will provide welcome remarks. Speakers will include NJ TRANSIT Senior Vice President, Real Estate Development and Planning Gagandeep Singh, Jersey City Deputy Mayor for Housing and Economic Development Keshav Poddar, and others.
The event begins April 21 at 9 a.m. (Doors open 8:30 a.m.) Interested parties can register HERE:
To learn more about NJ TRANSIT’s TOD program, click here.
About NJ TRANSIT
NJ TRANSIT is the nation's largest statewide public transportation system providing more than 925,000 weekday trips on 264 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 165 rail stations, 62 light rail stations and more than 19,000 bus stops linking major points in New Jersey, New York and Philadelphia.