NJ TRANSIT to Hold Open House for Real Estate Opportunities 

On Mar 19, 2026

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.

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 event 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.

“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.”

Kolluri will provide welcome remarks at the event. 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.

To access more business news, visit NJB News Now.

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