$190M Newark Penn Station overhaul unveiled

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New jersey Governor Phil Murphy today announced a commitment
of $190 million for renovations and upgrades at historic Newark Penn Station.

The work is slated to begin immediately with $30 million in
renovations and restorations, with additional upgrades scheduled over the next
five years totaling $160 million. The upgrades will be funded by the State.

“Penn Station is a vital hub not just for those heading to
New York City each day, but it is also a gateway to Newark and the resurgence
that has taken place here over the past two decades,” said Governor Murphy. “We
are thrilled to announce these renovations, which, when completed, will help restore
this historic station to its former glory.”

The first phase of renovations will focus on aesthetics such
as restoration of the classic benches in the waiting room, installation of
brighter lighting, updating of the bathrooms, improved HVAC and air-handling,
fresh paint and tile, and a deep clean of the limestone exterior to once again
showcase the architecturally significant façade.

In the bus lanes, new lighting and improved drainage will
improve the rider experience. And improved directional and way-finding signage
will help make sense of this station’s labyrinth of platforms and hallways.

“Newark is the largest city in the state and Penn Station is
a major gateway for commerce, employment, and economic development. It is good
news that this administration understands the importance of this and are
committed to ensuring that this critical piece of infrastructure has
significant investment,” said Newark Mayor Ras Baraka.

Longer-term enhancements will focus on improving the
station’s openness, light, and overall commuter and visitor experience. A
future goal is to make Newark Penn Station more of a destination, with added
dining and shopping in the concourse.

Newark Penn Station is the seventh busiest rail station in
North America and one of the busiest stations in the region. The station is
served by NJ TRANSIT commuter trains, the Newark Light Rail, the PATH, and
Amtrak’s Northeast Corridor services. The station also serves as Newark’s main
bus terminal.

Opened in 1935, Newark Penn Station is listed on both the State and National Registers of Historic Places. The station was originally designed and still operates as an intermodal facility serving pedestrian, taxi, bus and private vehicle traffic generated by the more than 50,000 transit customers who use the station each day.

Onyx in creating a entryway and redeveloped concourses to provide travelers to Newark Penn Station with world-class street level and indoor access from Newark Penn Station not only to Gateway, but to the balance of the downtown business district.

Onyx Equities, owner and operator of Gateway 1, 2 and 4 in
the 1.6 million s/f office complex that surrounds the transit hub, has welcomed
news of the station overhaul.

“Today’s announcement represents the single most critical moment in Newark’s revival as a business location in a generation,” said John Saraceno, principal of Onyx Equities.   “Many companies are re-thinking their long-term plans, and the shared vision for Newark Penn Station among NJ Transit, the City of Newark, and the Murphy administration is sure to elevate Newark as a prospective location for businesses.

“With the improvements Onyx is making to our Gateway
complex, nearly $200 million is being invested in Newark’s front door which is
sure to stimulate even more activity in an area that already had renewed
energy.”

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