New Jersey A3535 authorizes conversion of certain office parks and retail centers to mixed-use developments.

New Jersey A3535 seeks to repurpose abandoned and underutilized office parks and retail centers into mixed-use developments. The bill defines "eligible property" as an office park of at least 50,000 square feet or a retail center of at least 15,000 square feet with a vacancy rate of at least 40 percent. These properties must be located within Planning Areas 1 and 2, within one mile of a transit center or central business district, and within a Department of Environmental Protection sewer service area. The bill excludes properties near hazardous sites or heavy industrial uses.

New Jersey A3535 authorizes conversion of certain office parks and retail centers to mixed-use developments.

New Jersey A3535 seeks to repurpose abandoned and underutilized office parks and retail centers into mixed-use developments. The bill defines "eligible property" as an office park of at least 50,000 square feet or a retail center of at least 15,000 square feet with a vacancy rate of at least 40 percent. These properties must be located within Planning Areas 1 and 2, within one mile of a transit center or central business district, and within a Department of Environmental Protection sewer service area. The bill excludes properties near hazardous sites or heavy industrial uses.