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Three Oceanport Fort Monmouth Parcels To Hit Market Soon

OCEANPORT: Three pieces of property located on the borough's side of the fort will soon be made available to developers.

The Fort Monmouth Economic Revitalization Authority (FMERA) approved a resolution which makes the Commissary, Post Exchange (PX), Warehouse District and Post Office Area available through the request for offers to purchase (RFOTP) process.

The Commissary is a 53,700-square-foot structure built in 1998 which once served as a grocery store for fort inhabitants that is likely to be redeveloped as office/research and development space, active recreation or another commercial use due to stated interest from potential buyers.

Wayside Technology Group, Inc. originally agreed to purchase the building, but the deal fell through back in 2015.

FMERA Executive Director said the building is not attracting interest from supermarket or grocery chains because of its smaller size and the fact that it is not located on a major thoroughfare.

"We have had some interest recently from people who are in the food business, not a typical grocery store as you might imagine one, and we've also had some interest in repurposing the building into office technical space with, frankly, higher-paying jobs," Steadman said.

The PX Complex is a series of four circa 1970 wood-frame buildings and another building constructed in 1941 that was used by the Army Service Corps. All of these buildings would be demolished and will be part of the same RFOTP for the Commissary and be the future home of office/research and development space, active recreation or another commercial use.

The two parcels are bounded by Razor and Alexander Avenues and Murphy Drive.

The Warehouse District is comprised of three general purpose administrative buildings and two warehouses located Razor Avenue and Murphy Drive.

All five buildings are slated for demolition and were originally envisioned to be replaced by housing. However, FMERA is now looking to also market this parcel for commercial, active recreation or office/research and development rather than a residential use.

The Post Office Area contains four buildings situated on 6 acres bounded by Alexander, Todd and Razor Avenues. The four buildings, which include a former post office building built in 1971, will be demolished.

The property was once imagined as a future site for a new Oceanport school, but the district is no longer interested in the site. Therefore, FMERA is also looking to market it for commercial, active recreation or office/research and development reuse.

Steadman said no housing is being proposed for any of the three sites and that the number of residential units proposed for Oceanport's section of the fort has not and will not change.

"We're committed to the 720 homes that are referenced in the reuse plan," Steadman said. "That's our objective and that's what our intention is, the number will not increase. We're not envisioning plans in place that would result in a lower number."

A nearby 6-acre parking lot will also be made available to developers who are seeking to purchase the Commissary and PX Complex and/or the Warehouse District. Developers who choose to do so will be scored higher in FMERA's evaluation process as will developers who are looking to buy more than one parcel.

The resolution also states that bidders will be given the option to "purchase the improvements and ground lease the land" so that they could potentially receive a "special concessionaire permit" from the state that would allow the new owner to serve alcohol on the premises. The new owner of the Fort Monmouth Bowling Center in Oceanport chose this option.

All three RFOTPs are slated to be released in early 2018.

Read more from: Oceanport

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