Jones Lang LaSalle


Billion Dollar Mixed-Use Development Planned for Secaucus Rail Station Site
April 12, 2006
By Michael Fickes, East Coast Correspondent

The trust established by philanthropist and businessman George W. Newman of Oradell, N. J., today announced an agreement that might lead to the construction of a $1 billion mixed-use commercial development (rendering pictured) atop the NJ Transit Frank R. Lautenberg Rail Station at Secaucus Junction.

Under today's agreement, Allied Junction Corp.--an agent for Newman's trust, which owns the rail station property--will transfer the development rights for the property to a large national office property development company. A spokesperson for Allied Junction today declined to give the developer's name.

Completed in 2003, the rail station was constructed according to a plan approved by the New Jersey Meadowlands Commission in 1992. The plan called for a design that would accommodate the construction of four 20 to 40-story office towers; a 600-room hotel and conference center; a 112,000 square-foot retail concourse; and a six-level 4,400-car parking garage.