CONSTRUCTION ADVANCING FOR NEW BRUNSWICK TOD

NEW BRUNSWICK, N.J. — Construction is advancing for a $150 million transit-oriented project in New Jersey. New Brunswick Gateway Transit Village is a 24-story, 632,000-square-foot mixed-use building that is being constructed at the intersection of Somerset Street and Easton Avenue, across the street from Rutgers University and adjacent to the New Brunswick train station. Upon completion, which will occur in June 2012, the building will contain a 14-story residential tower atop a 10-story parking garage that will be wrapped with commercial space. The residential component will contain 192 unit in a mix of 150 apartments and 42 condominiums. The units will sit atop a 657-space parking garage. At the lower levels will also be more than 120,000 square feet of office space and 58,000 square feet of destination retail. A pedestrian bridge with a large, iconic clock will link the Rutgers campus directly with the train platform. Barnes & Noble College Bookstore for Rutgers, the New Brunswick Parking Authority and Rutgers University Press have already signed on at the project. The development team includes the New Brunswick Development Corp. and Pennrose Properties. The project architect is Meltzer/Mandl Architects.