NEW JERSEY—Gateway Transit Village, a mixed-usein New Brunswick situated adjacent to the N.J. Transit Train Station, has been awarded a 2012 Smart Growth Award from New Jersey Future, the Trenton-based, nonprofit smart-growth research and advocacy group. The development was voted best in the state in the Transit-Oriented Development Partnership category.
The award was presented to the New Brunswick Development Corporation (DEVCO) and Pennrose Properties, the public/private partnership behind Gateway Transit Village, in conjunction with the New Brunswick Parking Authority and New JerseyAuthority.
“We’re delighted that Gateway Transit Village was recognized as a prime example of responsible development, thanks in large part to its proximity to mass transportation, which significantly limits dependence on cars and reduces the impact on the environment,” notes Christopher J. Paladino, president of DEVCO.
Gateway Transit Village is a 23-story development that includes parking, retail and commercial space and a 192-unit residential component called The Vue. One- and two-bedroom condominium homes at The Vue range in size from 773 to 1,216 sq. ft. of living space and are currently priced from $320,000. The Vue also offers a mix of one- and two-bedroom rental homes. Monthly rents for these residences start at $2,145.
In addition to the 150 luxury rental residences and 42 penthouse condominiums on the upper floors, the building also features 57,000 sq. ft. of retail space in its first two stories, including a Barnes & Noble bookstore that will also serve as the Rutgers University Book Store, a Brother Jimmy’s BBQ restaurant and a Starbucks.
There are 55,000 sq. ft. of commercial office space located on floors three through seven and a 657-space parking garage.
Designed by Manhattan-based Meltzer/Mandl Architects PC, Gateway Transit Village is connected to the westbound train platform of the Northeast Corridor Line at the New Brunswick Train station by a recently completed landscaped pedestrian walkway.