Fort Monmouth
Real Estate

Fort Monmouth Continues Revitalization

The Fort Monmouth Economic Revitalization Authority (FMERA) reports continued activity at the former military complex. As of the first quarter of this year, approximately 74 percent of the Fort is now sold, under contract, in negotiations, or entering the Request for Offers to Purchase (RFOTP) process.

Fort Monmouth officially welcomed its first residents to East Gate at Oceanport, the former North Post Officer’s Housing, in October 2018. RPM Development, based out of Montclair, renovated 116 existing residential units: 68 for sale, market-rate units and 48 rental units–located in Fort Monmouth’s National Register Historic District in Oceanport. Located on the opposite side of Greeley Field, the Fort’s former parade grounds, sits Fort Monmouth’s South Post Officer Housing, now known as Liberty Walk at Fort Monmouth.’

The former Dance Hall – The Loft –  is now under construction. The Loft Partnership, LLC, purchased and plans to renovate the former Dance Hall in Oceanport into a microbrewery, restaurant and event space.  The interior of the space features an open floor plan with an exposed wood truss ceiling that adds a stylish visual aesthetic yet maintains the building’s historic charm.

Additionally, several new projects have been announced. KKF University Enterprises, the contract purchaser for historic Squier Hall, plans to renovate and construct a state-of-the-art, satellite campus for the New Jersey City University.  This two-story, 76,538-square-foot administration building located on Sherrill Avenue will be renovated to accommodate for academic uses, including classrooms and laboratory space.

Trinity Hall, an  all-girls college preparatory high school on Corregidor Road in the Tinton Falls  section of Fort Monmouth, expanded its facility, with 12 new classrooms, two multi-purpose rooms, and a chapel.

RWJ Barnabas Health was selected to redevelop the former home of the Electronics Command, once known as the  Myer Center. The demolition of the obsolete building is nearly complete and will be replaced with a new health campus operated by RWJ Barnabas Health that will include an ambulatory care center, a medical office building, and a Cancer Institute of New Jersey cancer center.

To access more business news, visit NJB News Now.

Related Articles: