EATONTOWN, NJ—The Fort Monmouth Economic Redevelopment Authority has given the green light to a transaction that, if approved by the state's governor, would be the first step in redeveloping an 89-acre section of the former military base along its West Gate in Eatontown, NJ, into a $130-million live-work-play mixed use complex.
The “Purchase and Sale & Redevelopment Agreement” approved Mar. 1 for Fort Monmouth Parcel B Redevelopment, an affiliate of Paramount Realty Services, is subject to a 10-day veto period by New Jersey Gov. Chris Christie.
The 89-acre Parcel B property includes approximately 55 acres that front Route 35 in Eatontown, as well as 34 acres of land that FMERA acquired from the United States Army in November as part of the Phase 2 Economic Development Conveyance Agreement. Much of the parcel contains World War II era buildings used as barracks that once housed troops, and several buildings that had been used as classroom space when the military base served as the Army's Signal Corps training school for most of its post-World War II life.
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Steve Lubetkin
Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].
