New Bruns. breaks ground on transit village
Will include residences, bookstore and office space as a gateway to Rutgers University

NEW BRUNSWICK — Gov. Jon Corzine and state and local officials broke ground for New Brunswick's $150 million Gateway Transit Village project June 10.

The 630,000-square-foot, mixed-use building will include 245,000 square feet of residential units, 50,000 square feet of destination retail including a new Barnes & Noble bookstore, a 657-space parking structure and Class A office space.

The building is located adjacent to the Northeast Corridor rail line and directly across the street from Rutgers University.

"Combining new office, retail and residential spaces with access to mass transit at the Gateway Transit Village will create an anchor for New Brunswick's downtown, stimulating economic development and creating jobs," said Stephen Dilts, Department of Transportation commissioner.

The development will create an estimated 3,000 construction jobs before its completion in 2012.

"The Gateway project is a testament to how state and local partnerships, with the private sector, can create significant investment in our cities," Corzine said. "This development is the epitome of Smart Growth and the future of transit operations, mixed with residential and retail space. More importantly, projects like this are vital to keeping our economy moving in the right direction and providing jobs for our hardworking residents."

The transit village project is being developed by the New Brunswick Development Corporation.

Approximately $9.1 million in Liberty Corridor funding was secured by Sen. Robert Menendez for improvements to the New Brunswick station.