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Fort's Redevelopment Takes Shape

An initial public airing shows 1.5 million sf of offices, 200,000 sf of retail, 1,500 new homes and a $1-billion price tag.

By Eric Peterson | Updated on March 27, 2008

It has been nearly two years in the making, ever since the State of New Jersey created an agency to flesh out the redevelopment of the soon-to-be-shuttered Fort Monmouth , and now the public has gotten a look at what might happen to the 1,126-acre installation. The process has actually been in motion since 2005 when the Pentagon Base Realignment and Closure Commission (BRAC) placed Fort Monmouth on its closure list, with its functions to be shifted to Aberdeen, MD by 2011.

And the preliminary plan unveiled in recent days by the Fort Monmouth Economic Revitalization Planning Authority (FMERPA) carries a hefty price tag, $1 billion, not counting the cost of buying the land from the US Army. In general terms, it involves 1.5 million sf of office space, developed through a combination of new construction and redevelopment/conversion of existing fort buildings. Also part of the plan is 200,000 sf of retail space, 1,500 new homes, two hotels, a new VA healthcare facility and 450 acres of parks and open space.

A key target for the office component will be tech-related jobs — the 90-year-old Fort Monmouth’s mission has been Army communications, intelligence gathering and research. For that, redevelopment officials are looking specifically at the fort’s Myer Center in Tinton Falls and the McAfee Center in Oceanport, used by the Army’s electronic warfare directorate, as magnets.

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