NJ Transit Plans Over 1,000 Homes Near Transit Hubs
Three transit-oriented projects in Jersey City, Bound Brook and Morristown would add more than 1,000 homes on state-owned property.
Updated on Nov. 6, 2026 in Real Estate — General
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NJ Transit is pursuing three transit-oriented development projects in Jersey City, Bound Brook and Morristown. The projects will result in more than 1,000 new homes on state-owned property near transit hubs.
Why it matters
The projects are part of Gov. Mikie Sherrill's housing strategy and NJ Transit's LAND Plan, a roadmap to raising up to $1.9 billion in non-farebox revenue for the agency. They aim to convert underused transit-adjacent land into housing and commercial space across New Jersey.
NJ Transit's LAND Plan targets up to $1.9 billion in non-farebox revenue, with potential state revenue of $14 billion and municipal revenue of $1.6 billion. The Bound Brook project alone will include 218 apartments and 3,600 square feet of ground-floor retail.
The players
NJ Transit
New Jersey's statewide public transit agency, which owns the land and is leading the development program through its LAND Plan.
Mikie Sherrill
The governor of New Jersey, whose housing strategy the projects are designed to support.
Capodagli Property Co.
The developer NJ Transit has partnered with to build the Meridia Downtown Project in Bound Brook.
The details
NJ Transit has issued a request for qualifications and proposals for about 11 acres next to the Liberty State Park light-rail station in Jersey City, where at least 20% of units will be affordable and 10% workforce housing. In Bound Brook, the agency has entered a strategic partnership with Capodagli Property Co. for the Meridia Downtown Project, and it has entered an exclusive negotiation agreement for two parcels beside the Morristown train station.
Timeline
Last month (October 2026): NJ Transit entered an exclusive negotiation agreement for the Morristown parcels.
Jan. 21, 2027: Proposals are due for the Jersey City land development.
Market Landscape
The projects follow NJ Transit's LAND Plan, which seeks to monetize agency-owned land beyond farebox fares. They extend that approach from planning into specific sites in three New Jersey communities.
New Jersey residents looking for rentals near transit could see new apartments in Jersey City, Bound Brook and Morristown as these projects advance. Affordable and workforce units are planned in Jersey City, but timelines for occupancy have not been set.
The takeaway
Transit agencies are increasingly turning their land holdings into housing and revenue, and the LAND Plan shows how that shift could reach New Jersey towns. Readers tracking housing supply near rail should watch the developer selections and affordability commitments that follow.
What happens next
Proposals for the Jersey City land are due Jan. 21, 2027, and selections for that site will follow after review.
Further reading
Explore more in Real Estate — General for context on how transit-adjacent development is reshaping New Jersey housing.
Source note: This article includes information reported by RailPrime.
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