The operator of a marina and restaurant property at Fort Monmouth has acquired the parcel, following approval by the agency leading the redevelopment of the former U.S. Army post.
Somerset Development has landed a key local approval to redevelop a 15-acre section of Fort Monmouth, with plans calling for a mix of 180 townhomes and apartments.
The first residential development at the repositioned Fort Monmouth property is nearly sold out, according to the team of RPM Development Group and CB New Homes of Madison.
RPM Development has sold 90 percent of the homes at its upscale residential project in Monmouth County, part of the 1,126-acre historic Fort Monmouth property.
RPM Development Group has inked the sale of a historic five-bedroom home in Oceanport, part of a collection of upscale dwellings that it has been marketing at the former Fort Monmouth.
Denholtz Properties has bolstered its in-house development and construction teams with three new hires, as it looks to manage and grow its pipeline of projects in the region.
RPM Development Group has sold more than two-thirds of the homes at an upscale residential project in Monmouth County, where it’s now offering virtual tours and expedited delivery.