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Fort Monmouth Redevelopment Update Monmouth-Ocean Development Council October 20, 2017

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Fort MonmouthRedevelopment Update

Monmouth-Ocean Development Council

October 20, 2017

Welcome to Fort Monmouth

Fort Monmouth Economic Revitalization Authority 2

Agenda

• Background on Fort Monmouth• Status of Fort Monmouth’s Redevelopment

• Reuse & Redevelopment Plan• Assets and Targeted Industries • Redevelopment Highlights

• Opportunities• Purchase & Development• Consulting & Contracting

• Q/A

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Camp Vail (1924)

Fort’s History• Site of Monmouth Park Racetrack & Hotel – 1891 to 1915• Camp Little Silver; Camp Vail – 1917

• 43 semi-permanent labs and Army Air Corps hangers - 1918• Pigeon Breeding & Training; Signal Corps School – 1919• Permanent post; renamed Fort Monmouth – 1925• Evans, Coles & Charles Wood Areas – 1941• Signal Corps School (800,000 square feet) - 1953• Myer Center (700,000 sf “Hex Building”) – 1954• Pigeon Service discontinued - 1957• BRAC 2005 Round• Fort closed - 2011

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R&D Highlights• 1926: First extended range voice

radios

• 1928: Balloons used to carry electronic weather stations

• 1936: Walkie-talkies developed for front-line troops

• 1937: “Mystery Ray” (RADAR) prototype

• 1941: Static-free back-pack radio

• 1946: Diana Project launches space-age communications

• 1948: First weather radar

• 1948: Synthetic quartz

• 1949: Technique for mass production of integrated circuits

• 1958: Solar cells for space satellites

• 1958: SCORE broadcasts Ike’s Christmas message to world

• 1959: 1st weather satellite carries FM electronics package

• 1960: World-wide synchronization of atomic clocks

• 1960: 1st van-mounted mobile computer

• 1965-1972: Night vision, helmet radios deployed to Vietnam

• 1981: Tactical fire direction system

• 1990: Support to Desert Shield and Desert Storm

• 1994: Fort takes lead on battlefield digitization

• 2001: 9/11 search and rescue efforts

• 2005: Satcom technology used in Katrina relief

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Impact of Closure• Fort’s workforce as of 2007:

– 5,500 Army employees (92% civilian, 8% military personnel)

– 2,700 contract employees8,200 total

• Fort supported 22,000 jobs statewide

• Total economic impact: $2.5 billion annually

Source: Rethinking Fort Monmouth: Prospects and Opportunities, NJ Department of Labor & Workforce Development, April 2008

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20-Year Development Plan

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Fort Monmouth Reuse & Redevelopment Plan• 20-year plan• Buildout by Use (updated 2015):

• 1,585 housing units (over 4,000 new residents)• 300,000 sf non-profit, civic, government &

educational uses• 500,000 sf retail• 2,000,000 sf office, research & other commercial

• Employment at Buildout: 10,000 permanent jobs

• Total Investment: $1.5 billion

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Fort Assets• Emerging Information & Communications Technology cluster• Corporate tech anchor -- Commvault• Highly educated local workforce• Affluent area• Master-planned community (live-work-play)• Developable land• Existing facilities

• McAfee Center/anechoic chamber• Quirky buildings• Historic District

• Access to passenger rail to NYC & Garden State Parkway• “Quality of life” – proximity to beaches, racetrack, AC, hipster

destinations (Red Bank & Asbury Park)Fort Monmouth Economic Revitalization Authority 10

Targeted Industries

• Information & Communications Technology• Defense contractors (retention target)• Data centers/big data/IoT• Health care• Higher Education • (Destination) retail• Small businesses• Professional offices• Arts & Entertainment

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Development Strategy

• Create sense of place• Branding • Amenities

• Residential and retail development as drivers of early phases of Fort’s redevelopment

• Support growth of tech cluster• Develop tech communities on Charles Wood Area and

Main Post• Attract corporate and institutional anchors• Sales rather than leasing (RFOTP process)

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Placemaking

FMERA’s goal is to create a sense of place at the Fort and build a community founded on the Reuse Plan’s objectives of promoting a forward-looking, green, transit friendly, live-work-play environment, focused on the technology sector as its primary targeted industry. “If you’re not doing something different, you’re not doing anything.” -- Sam PhillipsFort Monmouth Economic Revitalization Authority 13

Reuse Plan – Multi-Purpose Trail System

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Mass Transit

• North Jersey Coast Line

• Little Silver & Fort Monmouth station concept

• NJ Transit Bus Service

• Modify 831 (Red Bank to Long Branch via Monmouth Mall) or 832 (Brookdale to Red Bank to Asbury via Monmouth Mall) to run through Charles Wood Area and/or Main Post?

• Future Jitney Service

• Connections to 831 & 832 bus routes and Little Silver train station?

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Reuse Plan – Jitney Concept

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Road Improvements• Completed:

– Garden State Parkway Exit 105 & “105A” Improvements

– Hope Road/Corregidor Avenue/Pearl Harbor Avenue (Tinton Falls)

– Avenue of Memories a/k/a Route 537 Extension (Eatontown & Oceanport)

• Ongoing/Planned:– Municipal Drive/Tinton Avenue (Tinton Falls)

– Route 35 (Eatontown)

– Oceanport Avenue (Oceanport)

– Main Post Access from Broad Street (Eatontown) and Main Street (Oceanport)

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Parkway 105 & 105A

Redevelopment Highlights• FMERA acquired Phase I properties from Army (500+ acres) in 2013-2014

• FMERA purchased balance of Fort (600+ acres) from Army in 2016

• 10 parcels sold

• Buyers: Commvault, AcuteCare Heath System, Aaski (Radar Properties), Trinity

Hall, RPM Development, Triumphant Life Church, County of Monmouth,

TetherView, Borough of Oceanport, FM Partners

• 10 parcels under contract/approved for execution

• Pistol Range, Fabrication Shops, Lennar new housing site, Rec Center & Pool,

Dance Hall, Parcel B (“Freedom Pointe”), Howard Commons, Eatontown Barracks,

Golf Course, Bowling Center

• 6 others in active negotiations

• Including Squier Hall, Nurses Quarters, Charles Wood Fire Station, Marina,

Lodging Area, Allison Hall

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Redevelopment Highlights

• Over 2/3 of Fort’s developable land sold, under contract or in negotiations

• Golf course and marina remain open for business• 8 property auctions completed ≈ $1 million in sales

• Recently completed Requests for Offers to Purchase (RFOTPs):• Barker Circle Complex (20 acres)

• Upcoming RFOTPs/RFBs: McAfee Center Complex (tech park in Oceanport) Expo Theater Commissary Area

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Commvault Headquarters

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AcuteCare Health System

Dance Hall

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Aaski Technology

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Russel Hall - TetherView

Freedom Pointe

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Freedom Pointe – Site Plan

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Tinton Falls Town Center – Lennar

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Lennar – Site Plan

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Bowling Center

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Demolition & Infrastructure

• Demolition: 3.5± million sf (70% of existing buildings)• Portion to be publicly bid (prevailing wage): ≈ 1 million to 2

million sf• NJEDA managing Myer Center demolition ≈ 700k sf

• Infrastructure: $50± million• Half to be publicly bid (PW); balance installed by private

developers• NJAWC water mains; TRWRA sewer project; Route 35

improvements

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County & Local Projects

Completed:• Monmouth County Parks -- Recreation Center &

Swimming Pool • Monmouth County Public Works facility

Ongoing & Planned:• Monmouth County Emergency Homeless Shelter• Oceanport Municipal Complex• Eatontown Public Works facility

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Bidding Opportunities

• FMERA RFBs/RFPs posted on: – FMERA website: http://www.fortmonmouthnj.com/bidding-

opportunities/open-rfprfotps/

– NJ Business Action Center website (Bidding Opportunities):https://www1.state.nj.us/TYM_BUISOPP/bo/search.do

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Visit Us Onlinewww.fortmonmouthnj.com

Thank you!

Questions? Comments?

David E. Nuse, CEcDDeputy Executive [email protected]

Kara KopachSenior Project [email protected]