New Brunswick is one of nine cities in New Jersey designated as eligible for Urban Transit Hub Tax Credits by the state's Economic Development Authority. Developers who invest a minimum of $50 million within of a train station are eligible for pro-rated tax credit. The Gateway is one such project located just to the north of station and connected by a new pedestrian bridge, creating a direct link to the Rutgers campus. It is the tallest building in the city and one of several new projects in the vicinity of the station that has led to a revitalization of the city's downtown surrounding it. Another planned building, a 16-story residential tower at Somerset Street located one block north of the station, is the second UTHTC-approved project in the city.