Netflix has secured two key local approvals for its plan to build a nearly $1 billion studio complex at Fort Monmouth, as it awaits a vote this week on what’s poised to be a lucrative tax credit incentive under the state’s Aspire program.
The plan to build a sprawling Netflix studio complex at Fort Monmouth received a fresh vote of confidence on Friday as Gov. Phil Murphy visited the property alongside the streaming giant’s co-CEO, touting the plan and New Jersey’s growing film and television industry.
The state has taken a key procedural step in the plan to bring a massive Netflix studio campus to the Eatontown and Oceanport sections of the iconic Fort Monmouth property.
State officials have approved Netflix’s bid to acquire nearly 300 acres at the former Fort Monmouth property, where it plans to build 12 soundstages totaling nearly 500,000 square feet and other facilities with a combined investment of more than $900 million.
The state has completed its sale of a 36-acre parcel at Fort Monmouth — the onetime home of a Cold War-era research complex — where plans call for a long-awaited, sprawling health care campus to be operated by Monmouth Medical Center.
Netflix has taken a major step toward building a sprawling production studio in New Jersey, emerging as the preferred bidder for some 300 acres at the iconic Fort Monmouth property.
A group with ties to a local technology firm has acquired 12 acres at Fort Monmouth, with plans to create a mixed-use business center with office, retail and hospitality space.
A state agency is once again seeking offers for nearly 300 acres at Fort Monmouth, as it looks to bring another high-profile anchor to the historic former Army base.
Somerset Development has closed on its purchase of some 15 acres at Fort Monmouth that is now slated to become a mix of new townhomes and restored apartments.
