Game Changer Award



New Brunswick Development Corporation (DEVCO) is an urban real estate development company founded in the mid-1970's to serve as a catalyst for the city's revitalization. Since its inception, DEVCO has overseen nearly $1.6 billion of investment in New Brunswick. Today, even in some of the most challenging times in our country's history, redevelopment in the city remains robust because of DEVCO's unique approach to redevelopment.


Successful redevelopment requires capitalizing on momentum: DEVCO is always opening one project, breaking ground on another, financing a third and envisioning projects for the future. New Brunswick Development Corporation (DEVCO) has crafted a nationally recognized model for redevelopment based on sound public policy. DEVCO is a real estate development company who focuses on urban development, revitalization of educational institution and development of multiple-use facilities such as commercial, residential and parking needs.


DEVCO developed the Transit Village project, a mixed-use project consisting of a parking garage for 550 vehicles along with retail space a bookstore operated by Rutgers University and a residential tower comprising of 200 condominium units to be sold to private buyers. DEVCO applies their expertise in leveraging resources through public-private partnerships to create projects that work.