When Smart Growth America’s coalition partner New Jersey Future announced its 2012 Smart Growth Award winners in April, it was no surprise that New Brunswick’s Gateway Transit Village received the award for Transit-Oriented Development Partnership.
The Gateway Transit Village is a new development in downtown New Brunswick that includes parking, retail, office and residential space. Located across from the train station, the development encourages transit ridership and makes it easier for the building’s residents to get around without using a car.
“The Gateway project stood out because it satisfies so many of the requirements for a smart growth project,” says Peter Kasabach, executive director of New Jersey Future. “Gateway provides direct access to transit for both commuters and students at neighboring Rutgers University, and serves multiple purposes with retail, parking and residential space for both renting and ownership.”
“In this particular case, Gateway was able to accommodate the broadest range of interested parties with differing needs,” Kasabach says. “The project was successful because it took advantage of community partnerships and creative financing to meet these needs.”
The New Brunswick Development Corporation (Devco), a nonprofit real estate company, helped get this complex project off the ground. Tasked with revitalizing New Brunswick’s transit corridor, Devco saw a specific under-utilized piece of land directly next to the train station as a key property for redevelopment.