A 3535
Authorizes conversion of certain office parks and retail centers to mixed-use developments.
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Sign in to take action- Introduced
- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill would allow certain struggling office parks and retail centers in New Jersey to be converted into mixed-use developments. It temporarily preempts local zoning regulations that might hinder these conversions, aiming to revitalize older suburban areas. The bill defines ‘eligible property’ based on size, vacancy rates, and location, and includes requirements for affordable housing and transportation improvements in any new mixed-use development. It also directs the state to inventory these ‘stranded assets’ for future redevelopment efforts.
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