The Fort Monmouth Economic Revitalization Authority (FMERA) finished 2016 by issuing two Requests for Offers to Purchase (RFOTP) that will further redevelopment within the Oceanport section of the Fort. FMERA issued an RFOTP on December 29 for the Allison Hall Complex, a 12.6-acre parcel of land containing five buildings, which total approximately 88,129 square feet […]
The Fort Monmouth Economic Revitalization Authority (FMERA) hosted an event on Jan. 26 for members of the media to commemorate the recent acquisition of the entire Fort property from the U.S. Army and learn about redevelopment projects underway. The purchase paves the way for FMERA to begin redevelopment of nearly one square mile of property […]
The Fort Monmouth Economic Revitalization Authority (FMERA) this month announced the sale of the historic Officer Housing units in Oceanport to RPM Development Group (RPM). The sale marks the first Phase 2 property sold since FMERA closed with the U.S. Army in November 2016, and the first residential development project underway at the former Fort. […]
OCEANPORT, N.J. (January 26, 2017) – The Fort Monmouth Economic Revitalization Authority (FMERA) today announced the sale of the historic Officer Housing units in Oceanport to RPM Development Group (RPM). The sale marks the first Phase 2 property sold since FMERA closed with the U.S. Army in November 2016, and the first residential development project […]
Continuing its goal of creating a live-work-play community on the Fort, the Fort Monmouth Economic Revitalization Authority (FMERA) Board this month authorized staff to enter into a Purchase and Sale Agreement with Triumphant Life Church Assembly of God for the Main Post Chapel parcel in Oceanport. Triumphant Life, a 501(c)(3) non-profit corporation, will renovate the […]
On December 14, the Fort Monmouth Economic Revitalization Authority (FMERA) Board approved the Authority’s 2017 Consolidated Budget to support FMERA’s ongoing mission. This budget aims to expand FMERA’s availability of funding while continuing to control costs and direct spending to advance the Authority on its path toward financial self-sufficiency. “With the acquisition of both the […]
Building upon momentum generated in previous years, the Fort Monmouth Economic Revitalization Authority (FMERA) took steps this year that will impact the Monmouth County region for years to come. FMERA marked a major milestone in November when it closed on $33 million in financing and purchased the balance of Fort Monmouth from the U.S. Army. […]
Paving the way for more redevelopment on the Fort in 2017, the Fort Monmouth Economic Revitalization Authority entered into three Purchase and Sale and Redevelopment Agreements (PSARAs) and one Purchase and Sale Agreement (PSA) in 2016. The Authority also issued four Requests for Offers to Purchase (RFOTPs) this year. “As we continue to look for […]
Marking a historic milestone for the Monmouth County region, the Fort Monmouth Economic Revitalization Authority (FMERA) this month purchased the balance of Fort Monmouth from the U.S. Army. With the purchase of the property, FMERA takes possession of the remaining approximately 560 acres on the Fort. “For generations, Fort Monmouth stood as a bastion of […]
Oceanport (November 17, 2016) – Marking a historic milestone for the Monmouth County region, the Fort Monmouth Economic Revitalization Authority (FMERA) today announced that it has purchased the balance of Fort Monmouth from the U.S. Army. With the purchase of the property, FMERA takes possession of the remaining approximately 560 acres on the Fort. “For […]