Fort Monmouth — Courtesy: Fort Monmouth Economic Revitalization Authority
By Joshua Burd
With several high-profile redevelopment projects taking shape at the Fort Monmouth property, state officials are seeking buyers for two additional parcels at the former U.S. Army post.
The Fort Monmouth Economic Revitalization Authority has issued requests for offers to purchase the adjacent sites, which total 23.8 acres in the property’s Tinton Falls section. One of the properties, known as the Pulse Power Building, sits on roughly 6.9 acres at Pearl Harbor Avenue and Pinebrook Road, spanning four structures with a combined 31,837 square feet.
The other property, a 16.9-acre tract, is known as Building 2719 and includes two structures on Satellite Drive, according to FMERA. The authority said prospective buyers may submit a joint offer that includes complementary uses for both properties, but are not required to.
Proposals are due June 10.
The solicitation comes as several other projects move forward at the 1,126-acre installation, which the federal government closed in 2011 before ultimately transferring it to the state. FMERA said that, as of the first quarter, some 74 percent of the fort is now sold, under contract, in negotiations or entering the RFOTP process.
That includes a range of asset classes including institutional, residential, commercial office, retail and entertainment.
For instance, Fort Monmouth officially welcomed its first residents to East Gate at Oceanport, the site of the former North Post Officer’s Housing, in October 2018. RPM Development renovated 116 existing residential units to create 68 for-sale homes and 48 rental units.
Meantime, a development group has kicked off plans to convert the former Dance Hall in Oceanport into a microbrewery, restaurant and event space. FMERA also highlighted Trinity Hall, an all-girls college preparatory high school on Corregidor Road in the Tinton Falls section that has expanded its facility with 12 new classrooms, two multipurpose rooms and a chapel.
The authority and its private-sector partners have announced several additional projects within the last year. They include a satellite campus for New Jersey City University, which will result from KKF University Enterprises’ renovation of the historic Squier Hall building on Sherrill Avenue.
Also, RWJBarnabas Health is planning a health campus with an ambulatory care center, a medical office building and a cancer institute at the site of the former Myer Center building, where demolition is nearly complete.