More than 300 commercial real estate, finance and government professionals turned out to learn about NJ Transit’s upcoming transit-oriented development projects, along with opportunities for leasing and retail.
If you’re expecting a railfanning video to open with a locomotive in the background, this one may throw you off. There are no trains in the shot. No flashing signals. No horn echoing off the buildings.
NJ Transit officials believe they could realize as much as $1.9 billion in non-farebox revenue over the next three decades by leveraging opportunities designed to unlock value from its 8,000-acre real estate portfolio, according to a new plan the agency released.