Over the past seven years, the Fort Monmouth Economic Revitalization Authority (FMERA) has worked closely with the boroughs of Tinton Falls, Eatontown, and Oceanport to meet the needs of each community — introducing new amenities, retaining highly-skilled jobs, and working towards a vibrant, pedestrian-friendly environment. With the support of local leadership, FMERA is advancing its goal of revitalizing and reactivating nearly 1,200 acres. To date, nearly two-thirds of the Fort is sold, under contract, or in negotiations. The success of the Fort’s redevelopment is largely due to the great working relationships with FMERA’s partners in each of the boroughs.
This year, FMERA anticipates tremendous growth and success in the largest section of the Fort, housed in Oceanport.
“Oceanport has been, and continues to be, an important partner in the redevelopment of the Fort,” said FMERA Executive Director Bruce Steadman. “The Department of Public Works has provided incredible support during our major infrastructure projects and our collaborative efforts have allowed us make essential upgrades that will benefit the community. We’re excited that Oceanport has selected Fort Monmouth as the permanent home for its new Municipal Complex, including its town hall, community center, and police department.”
In addition to the sale of a 13-acre parcel for Oceanport’s new Municipal Complex, six additional properties have been sold in Oceanport — the former Patterson Army Hospital, owned by AcuteCare; the Officer Housing units, sold to RPM Development; the Main Post Chapel, sold to Triumphant Life Church; Russel Hall, the former Garrison Headquarters, owned by TetherView; the Fitness Center, sold to Fort Partners Group LLC; and a three-acre property sold to the County that will provide emergency services to the homeless. FMERA is preparing to close on two properties in Oceanport and is in negotiations for the sale of six additional properties, featuring educational, retail, hospitality, office, and residential uses. The Authority plans to issue Requests for Offers to Purchase for six or more Oceanport parcels in 2018.
“We’re looking forward to working with the Borough of Oceanport as we embark on some of the Fort’s most-anticipated projects, including the redevelopment of the 400 Area, the McAfee Complex, and the Commissary Area,” said FMERA Director of Real Estate Dave Nuse. “The redevelopment of these sites is key to achieving our goal of developing both an innovation campus and a walkable, live-work-play environment in Oceanport.”
Visit the FMERA website, www.fortmonmouthnj.com, for more information on available properties and latest news.