On December 14, the Fort Monmouth Economic Revitalization Authority (FMERA) Board approved the Authority’s 2017 Consolidated Budget to support FMERA’s ongoing mission. This budget aims to expand FMERA’s availability of funding while continuing to control costs and direct spending to advance the Authority on its path toward financial self-sufficiency. “With the acquisition of both the […]
Building upon momentum generated in previous years, the Fort Monmouth Economic Revitalization Authority (FMERA) took steps this year that will impact the Monmouth County region for years to come. FMERA marked a major milestone in November when it closed on $33 million in financing and purchased the balance of Fort Monmouth from the U.S. Army. […]
Paving the way for more redevelopment on the Fort in 2017, the Fort Monmouth Economic Revitalization Authority entered into three Purchase and Sale and Redevelopment Agreements (PSARAs) and one Purchase and Sale Agreement (PSA) in 2016. The Authority also issued four Requests for Offers to Purchase (RFOTPs) this year. “As we continue to look for […]
Marking a historic milestone for the Monmouth County region, the Fort Monmouth Economic Revitalization Authority (FMERA) this month purchased the balance of Fort Monmouth from the U.S. Army. With the purchase of the property, FMERA takes possession of the remaining approximately 560 acres on the Fort. “For generations, Fort Monmouth stood as a bastion of […]
Oceanport (November 17, 2016) – Marking a historic milestone for the Monmouth County region, the Fort Monmouth Economic Revitalization Authority (FMERA) today announced that it has purchased the balance of Fort Monmouth from the U.S. Army. With the purchase of the property, FMERA takes possession of the remaining approximately 560 acres on the Fort. “For […]
This month FMERA issued a Request for Offers to Purchase (RFOTP) for the Suneagles Golf Course and Megill Housing area, located along Tinton Avenue in Eatontown. The 171-acre parcel includes historic Gibbs Hall, Joe’s Sports Bar/19th Hole, and the 21 buildings that make up the Megill Housing Area. The property also contains an in-ground swimming […]
As part of its final preparations for the transfer of the Phase 2 Economic Development Conveyance (EDC), the Fort Monmouth Economic Revitalization Authority (FMERA) this month authorized staff to execute several agreements necessary to secure funding to acquire the remainder of the Fort from the United States Army. The action follows Monmouth County Board of […]
Colliers International, which this month became TetherView’s new leasing and marketing agent, will host an open house on September 29 from 4:00 p.m. to 6:00 p.m. for interested parties to learn about leasing opportunities at the Russel Hall building. Russel Hall is a four-story building set on 4.6 acres of land in the Oceanport section […]
In recognition of Commvault’s vital role in bringing jobs to Fort Monmouth and helping to revitalize the region, the Fort Monmouth Economic Revitalization Authority (FMERA) announced that the software company received the 2016 Leading Economic Development/Redevelopment Award on September 20 at the Governor’s Conference on Housing and Economic Development. Commvault is one of the largest […]
The Fort Monmouth Economic Revitalization Authority (FMERA) issued a Request for Bids (RFB) this month from entities or individuals interested in purchasing the Main Post Chapel in Oceanport. The Main Post Chapel encompasses five acres of land and a 16,372-square-foot structure, consisting of a 600-seat chapel, an administrative wing, a classroom wing and a kitchen. […]