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Juicey_J_Hammerman t1_j7uj4sq wrote

Reply to comment by 66nexus in NJ Transit plans to move into new headquarters, but will remain in Newark by 66nexus

Since NJTransit owns it outright now, I can't help but wonder if they would consider selling it to a developer with renovation/retrofitting/conversion to something else within a certain period of time as a condition of the sale?

either way, at least Gateway Center should see more foot traffic now.

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TrafficSNAFU t1_j7uqbr3 wrote

I was thinking a conversion might be a good use for the building. Another opportunity for more TOD.

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Juicey_J_Hammerman t1_j7ut0n3 wrote

NJ transit said in the article that they balked in part due to the $100M est price tag to renovate and the fact that it would have to be done in stages over several years while they were still occupying the building. Developers may be more willing to shell out the former if they don’t have to worry about the latter.

Converting offices to housing is very expensive since the floor plans and building layouts are dramatically different, but I have to imagine it’s still cheaper and quicker to renovate an existing building near a major historic train station and a riverfront rather than raze and rebuild on the same site given potential environmental and transportation concerns/red tape.

Hell even if someone came in and basically tried to make it a “Gateway Center South” that would still be a dramatic improvement IMO.

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TrafficSNAFU t1_j7uvma5 wrote

If its something where there could be a reasonable return on investment, its possible.

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66nexus OP t1_j7wevmv wrote

I'd love if they converted it into something...anything we don't have to wait years and years for...

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