Developers Being Sought For Fort Monmouth's Main Post in Eatontown

One of the largest parcels of Eatontown's portion of Fort Monmouth is currently being offered to developers.

The Fort Monmouth Economic Revitalization Authority (FMERA) issued a request for offers to purchase (RFOTP) Parcel B, which is located in the Main Post area of Fort Monmouth bordering Route 35, this week.

The reuse plan for the 55-acre parcel calls for a "lifestyle center" with a total of 302 medium density or mixed-use residential units and up to 150,000 square feet of lifestyle retail use.

This is defined as "an unenclosed retail center featuring national specialty stores and restaurants with convenient and easily accessible parking and a pedestrian-friendly ambiance."

The property currently consists of six commercial buildings and sports bubble. While FMERA will handle the removal of the sports bubble, the developer that ultimately purchases the property will be responsible for demolishing the buildings. A geothermal well field is also located on the parcel.

Eatontown has expressed a desire for non-rentals for the development of the residential component of Parcel B.

The reuse plan also calls for the west gate facade and arches on Route 35 to remain as the property is developed.

Offers from interested developers are due to FMERA by June 10, according to the RFOTP.

Eatontown Mayor Gerald Tarantolo said the "anticipation is by July we'll probably be in a position to identify a potential developer for that property."