RPM Development Group has nearly completed its restoration of an officer housing complex at Fort Monmouth, preparing to deliver what will be the first residential project in the effort to reposition the historic military base.
A tech firm based at the sprawling Fort Monmouth site is slated to grow its footprint after agreeing to purchase a former fire station on the property.
The board chairman of the Fort Monmouth Economic Revitalization Authority is stepping down after seven years in the post.
State officials have paved the way for the demolition of a 750,000-square-foot former research complex at Fort Monmouth, allowing them to market a larger 36-acre site on the property to prospective developers.
A developer’s plan to create a new mixed-use gateway at the landmark Fort Monmouth property is taking shape, with the potential to break ground as soon as early next year.
RPM Development Group has acquired a historic 117-unit housing complex in Oceanport, marking the first deal on a large piece of the former Fort Monmouth site that was turned over to state officials last fall in an effort to push forward with redevelopment.
After four years of redevelopment efforts that focused on only half of the sprawling Fort Monmouth property, a state authority has acquired the remaining 560 acres from the U.S. Army, allowing it to move ahead with projects that are slated for the balance of the site.