NEW BRUNSWICK, NJ-Final construction documents are completed and construction has begun on New Brunswick Gateway Transit Village, a 24-story, $150-million, 632,000-square-foot mixed-use building in Downtown New Brunswick.

Developers New Brunswick Development Corp. and Philadelphia-based Pennrose Properties expect the project, located at the intersection of Somerset Street and Easton Avenue adjacent to the New Brunswick train station, to be completed in June 2012. The project, being designed by New York City-based Meltzer/Mandl Architects, will include a pedestrian bridge linking the train platform with the main campus of Rutgers, the State University of New Jersey, which is located directly across the street.

“This is a remarkable Transit-Oriented Development project in many ways,” says David G. Carpenter, a partner and executive vice president at Meltzer/Mandl. “It’s being built atop a very steep site (including a 23-foot difference in grade), so extraordinarily careful and detailed preparations and calculations had to be made to insure that the various levels would be built in a way to provide just the right access for pedestrians and vehicles alike. The best TODs encourage less reliance on the automobile by clustering modes of mass transport with living, working and shopping spaces. It’s a model for the future.”

A 14-story residential tower will sit atop a 10-story parking structure, which will be wrapped by offices, as well as a series of street-level commercial spaces. Residences will consist of 42 market-rate condominiums and 150 rental apartments, with 20% designated as affordable housing. A large, iconic clock will illuminate the walkway between the building and the Rutgers campus.

When complete, the project will include more than 120,000 square feet of commercial space, a 657-vehicle parking garage, 58,000 square feet of destination retail--including a Barnes & Noble College Bookstore--and 192 residences. Office tenants include the New Brunswick Parking Authority and Rutgers University Press.

Government financing includes resources from the New Jersey Housing Mortgage & Finance Agency, the NJ Department of Transportation/Liberty Corridor Program and tax credits through New Jersey’s Urban Transit Hub Tax Credit Program.

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