MENU
SEARCHThe project is a two-phase process that also includes a new headquarters for Horizon in downtown Newark.
Located within the city’s Newark River Redevelopment Plan, the site could accommodate up to 1,000 units of residential development in addition to integrated retail and structured parking.
Photo: METRO
NJ TRANSIT and Horizon Blue Cross Blue Shield of New Jersey began exploring opportunities to redevelop Penn Plaza East, its former headquarters building adjacent to the historic Newark Penn Station, into a potential premier mixed-use development.
The project is a two-phase process that also includes a new headquarters for Horizon in downtown Newark.
“The redevelopment of our former headquarters property is a key step in advancing our real estate strategy and our commitment to unlocking new value from our assets,” said NJ TRANSIT President and CEO Kris Kolluri. “Aligned with the recent launch of our LAND Plan, this project reflects our disciplined approach to generating incremental revenue for NJ TRANSIT, while contributing to economic growth across the state and in cities such as Newark through new jobs, housing, and long-term investment.”
Led by JLL and CBRE, NJ TRANSIT envisions its former headquarters and Horizon headquarters at 1 Penn Plaza East and 3 Penn Plaza East as a prime opportunity for a premier mixed-use, multi-housing development spanning three acres, with sweeping, unobstructed views of the Passaic River and the Manhattan skyline. It also offers easy access to historic Newark Penn Station.
Located within the city’s Newark River Redevelopment Plan, the site could accommodate up to 1,000 units of residential development in addition to integrated retail and structured parking. It is also within proximity to Newark’s historic Ironbound neighborhood, known for its restaurants and vibrant community.
METRO’s People Movement highlights the latest leadership changes, promotions, and personnel news across the public transit, motorcoach, and people mobility sectors.
Read More →
BART began offering select parking lots to non-BART riders to generate new revenue to help address its FY27 $376M operating budget deficit brought on by remote work.
Read More →
Agencies across the U.S. honored transit workers on March 18, recognizing the essential roles they play in keeping communities moving daily.
Read More →
Drawing on decades of industry experience, Evans-Benson offered insights into the differences between the two, along with tips for better customer engagement and more.
Read More →
The renewals include continued operations at Fort Lauderdale-Hollywood International Airport in Florida; the PRTC in Virginia; and RTC Washoe in Nevada.
Read More →
The new system introduces tap-to-pay, touchscreen kiosks, and updated Breeze cards, with both old and new systems running through May.
Read More →
The governor’s proposed auto insurance reforms could save the agency $48 million annually by limiting payouts in crashes where buses are not primarily at fault.
Read More →
What truly drives the cost of a paratransit fleet? Beyond the purchase price, seven operational factors quietly determine maintenance frequency, downtime, and long-term service reliability. This whitepaper explores how these factors shape lifecycle cost and what agencies should evaluate when selecting paratransit vehicles.
Read More →
In this conversation, TBC’s Executive Director Ed Redfern, President Corey Aldridge, and Washington Representative Joel Rubin outline the coalition’s key policy priorities, the challenges facing transit agencies, and how industry stakeholders can work together to strengthen the voice of bus transit at the federal level.
Read More →
Amanda Wanke, who has worked at DART for 10 years, including the past 2½ years as CEO, will join Metro Transit as deputy chief operating officer, operations administration.
Read More →
