Asbury Park-based developer Trip Brooks returns to Fort Monmouth for his second redevelopment project in the Oceanport section of the Fort, bringing an exciting vision for 75 flat-style living units and office/coworking space in the five former Army barracks, and a new restaurant and well-known theater to occupy the Main Post Firehouse and Kaplan Hall Museum. The project will preserve the Historic nature of the site and also include a wetlands preservation park along Oceanport Creek.
A Purchase and Sale and Redevelopment Agreement was executed last month, and the developer is currently undertaking due diligence and formalizing his site plan. Brooks and his partner proposed to pay $4.85 million for the property and to invest $22.5 million in the project with 40 permanent jobs being created.
Brooks is also the developer of The Loft, the future home of a microbrewery and event space, also in Oceanport.