Fort Monmouth Historic Housing Up for Sale
The historic homes in Oceanport, including the general's stately quarters, are slated to be preserved.
They're not ready for the multiple listings service yet, but the historic residential properties at Fort Monmouth are one step closer to market.
Wednesday fort redevelopers issued a request for offers to purchase (RFOTP) the historic housing on about 36 acres of land in Oceanport. This is the process where by developers submit their bids to buy the property.
The Army is said to be applying for the area's place on the national historic registry and the land and buildings, including the row homes and the general's stately home, are to be preserved.
These homes, featuring brick facades with patina and white trim, wrap the circle drive at the fort's main gate in Oceanport, with views of the enormous green lawn, flag pole and the former garrison building, Russel Hall.
The RFOTP is for two parcels of land. A 10-acre parcel includes one single-family home, 24 duplexes and associated garages. A 26.5-acre parcel includes nine quadplexes, 13 duplexes and six single-family residences, with their associated garage spaces.
According to the RFOTP, the housing can accommodate 117 units, with 36 medium-density and 81 low-density units. Twenty percent of the units will be affordable housing.
Though the RFOTP states that the property is intended to remain residential, with limited commercial development, it does note a possible exception.
In addition to their purchase offer, developers can submit an "alternate vision" for the parcels.
Here's how the RFOTP phrases it:
Alternate offers may deviate from the land uses, development yields and/or densities, land use controls and requirements set forth in the Reuse Plan and the draft regulations and must be predominantly residential. If an alternate offer is submitted, it must include an economic justification for the deviation and be documented through financial pro formas and market data.
The full RFOTP can be viewed here. To see the specs of each unit, go to the attachments at the end. The deadline for submission is March 1.