NJ Transit Land Gets 1,000+ New Homes

Renters and buyers near Jersey City, Bound Brook and Morristown rail stations should watch for new apartments, including affordable units.

Updated on Nov. 6, 2026 in Real Estate — General

Wide view of a bare rail platform edge and steel track curving into the distance beside an unfinished concrete residential building frame under flat overcast daylight. — NJ Transit plans three transit-oriented projects in Jersey City, Bound Brook and Morristown that together will add more than 1,000 homes, including affordable units, on state-owned land near rail stations. AI Illustration. Upload story photo >

Live Poll

Do you support building new housing on state-owned land near train stations in your area?

NJ Transit is pursuing three transit-oriented development projects in Jersey City, Bound Brook and Morristown that together will result in more than 1,000 new homes on state-owned property near transit hubs. The projects are part of Gov. Mikie Sherrill's housing strategy and the agency's LAND Plan.

Why it matters

For New Jersey households, the projects add rental and affordable supply near rail stations, with at least 20% of the Jersey City development designated affordable and 10% workforce housing. The LAND Plan aims to raise up to $1.9 billion in non-farebox revenue for NJ Transit, which is the financial reason the agency is turning its land into housing now.

NJ Transit has issued a request for qualifications/proposals for about 11 acres next to the Liberty State Park light-rail station in Jersey City, with proposals due Jan. 21, 2027. The Bound Brook Meridia Downtown Project will include 218 apartments and 3,600 square feet of ground-floor retail space.

The players

NJ Transit

New Jersey's state public transit agency, which manages an 8,000-acre real-estate portfolio and is now converting station-adjacent land into housing under its LAND Plan.

Gov. Mikie Sherrill

Governor of New Jersey whose housing strategy the three transit-oriented projects are part of.

Capodagli Property Co.

Developer entering a strategic partnership with NJ Transit for the Meridia Downtown Project in Bound Brook.

The details

NJ Transit issued a request for qualifications and proposals from developers interested in building on its Jersey City land, where the project will include retail, public spaces and apartments for rent. In Bound Brook, the agency entered a strategic partnership with Capodagli Property Co. to begin construction on the Meridia Downtown Project, which adds a common amenity space and a parking facility. In Morristown, NJ Transit entered an exclusive negotiation agreement for two parcels adjacent to the train station, which may eventually include office space, multi-family residential, ground-floor retail and parking.

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.

The Home Front

The projects place new rental and affordable supply on state-owned land near rail lines, a different route to housing growth than private greenfield construction. They also tie housing output directly to the LAND Plan's revenue targets, which is a financing model worth watching as other transit agencies consider similar moves.

If you rent or are looking for a rental near a New Jersey rail station in Jersey City, Bound Brook or Morristown, watch for new apartment listings as these projects move forward. Check whether a project's affordable or workforce set-aside may apply to your household income before you plan a move.

The takeaway

Transit-adjacent land is becoming a source of new housing and public revenue in New Jersey, so households looking near rail stations should track these sites over the coming year. Keep an eye on developer announcements and affordable-unit lotteries as the Jersey City and Bound Brook projects take shape.