Charles Wood Fort Property Up For Sale

Now that Fort Monmouth is officially closed, the local redevelopment authority is moving forward with plans to carve up the 1,100+ acre property into individual parcels that will be sold or leased and developed into businesses, homes and public spaces.

Last week, the Fort Monmouth Economic Revitalization Authority (FMERA) issued a request for offers to purchase a 55-acre parcel in the Charles Wood section of Fort Monmouth located in Tinton Falls. The property fronts on Hope Road and Tinton Avenue with a cut out where four residential homes occupy private properties.

An ariel map of the property can be seen here on the FMERA Web site on page 11 of the document. The property was once the site of fort housing and is partially wooded.

The deadline for request for walk-throughs of the property is Oct. 18 at 5 p.m. The deadline for offers in Nov. 15.

Though the fort is no longer an Army installation, the Army continues to own the property. The request for offers to purchase is in anticipation of a final agreement with the Army, which is still in the works. FMERA will, in a sense, broker the deals of the Army's property.  After FMERA signs a with the Army, the Army will convey the property to FMERA and the redevelopment authority will be able to seal the deals with prospective buyers and leasees, with the Army keeping a large portion of the profits. Plans are to divide the fort property into multiple parcels which will be sold or leased over time.

Though the master plan for the area originally called for housing in this spot, FMERA's Program Director Rick Harrison said that priority would be given to any developer whose plans included bringing jobs to the area.

If the property became commercial, that housing would be relocated to another section of fort property in Tinton Falls.