Authorizes conversion of certain office parks and retail centers to mixed-use developments.

New Jersey's bill A 3535 would allow developers to convert vacant office parks (50,000+ sq ft) and retail centers (15,000+ sq ft) with at least 40% vacancy into mixed-use developments (combining homes, shops, and offices) by temporarily overriding local zoning rules that prohibit such projects. It applies only to properties near transit, within designated planning areas, and not adjacent to hazardous sites or industrial zones. Developers must submit applications within 25 months of the bill's effective date to qualify for this zoning exemption. The bill aims to repurpose underused "stranded assets" without requiring special variances, focusing on properties meeting specific eligibility criteria.