WELCOME TO FORT MONMOUTH

WELCOME TO FORT MONMOUTH

Page 1

INTRODUCTION

Presenters

► Bruce Steadman, Executive Director

► Kara Kopach, Deputy Executive Director; Director, Real Estate Development

► Sarah Giberson, Marketing & Development Manager

Page 2

AGENDA

Overview

Redevelopment Plan

Bidding Process & Protocol

The Opportunity Parcel B• The Opportunity • Strategic Vision• Development Program• Design Approach

Q & A

Page 3

PRESENTATION

HOUSEKEEPING

Participants will be muted upon entry. Please remain on mute.

Submit any questions or comments using the “Chat” box in Teams.

All questions will be answered during the Q & A portion. Questions that are not answered during the meeting will be answered via addendum.

This meeting is being recorded and the recording will be posted on the FMERA site.

To facilitate teaming, a list of registrants of the RFOTP pre-proposal meeting will be posted on the FMERA site as an addendum.

Page 4

RFOTP

TIMELINE

Parcel B RFOTP Timeline

► RFOTP Released - 3/19/2021

► Meeting - 3/30/2020

► Walking Tours, by appointment only

- 3/24/21 - 6/7/21

► Deadline for Questions - 6/4/21

► Deadline for Submission - 6/16/21

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20-YEAR DEVELOPMENT PLAN

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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

•2,000,000 sf health care facilities

Employment at Buildout: 10,000 permanent jobs

Total Investment: $1.5 – 2.5 billion

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PROJECT SITE

Parcel B

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TARGET

INDUSTRIES

Technology & Information

Communications Technology

Healthcare

Defense Industry

Higher Education

Small Business

Retail

Arts and Entertainment

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REDEVELOPMENT PROGRESSCompleted, In Development, and Planned

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PURCHASING PROPERTY AT

FORT MONMOUTH

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PROCESS & PROPOSAL EVALUATIONS

FMERA is seeking a diverse variety of commercial uses to achieve a pedestrian-friendly, amenity-based, mixed-use project.

Proposals which include greater variety of complementary commercial uses will be scored higher in the respective scoring rubric category.

Sample Score Sheet

Score 0-10

x

Weight

=

Criterion

Score

1. Purchase price 30

2. Estimated permanent jobs to be created at

or relocated to the parcel 10

3. Purchase term including due diligence

period and time needed to obtain approvals

as well as payment for such period

10

4. Proposed project capital investment 15

5. Potential Purchaser(s) financial capability to

meet the proposed terms of purchase and

project completion

10

6. Prior experience with the Potential

Purchaser 5

7. Impact to host municipality including

commitment to: create an exciting gateway

into the Fort; develop portion of site as a town

center with a vibrant pedestrian environment;

include diverse mix of use types including retail

and other amenities; and provide owner-

occupied housing

20

Total Score 100

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PARCEL B

THE OPPORTUNITY

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PARCEL BA MIXED-USE NEIGHBORHOOD VILLAGE IN EATONTOWN – THE GATEWAY TO THE FORT

PARCEL B - EATONTOWN

Property Details

• Approximately 82 acres

• Fronts on Route 35 and Avenue of Memories with 1,800 ft of frontage on Route 35

• Includes 2 Army-owned carve-out parcels

Future Mixed-Use Gateway Project – available through the RFTOP process Spring 2021

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FMERA will consider a phased approach to development, so long as the entirety of the site is cleared and the planned commercial site is improved for public use as parkland, recreation areas, or other comparable uses in the short term.

Timelines for a phased approach to development will still be defined under the PSARA and enforced.

FMERA’s preference is that the residential and commercial components are developed on parallel paths.

PARCEL B – THE VISION

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PARCEL B – THE VISION

A mixed-use neighborhood village with integrated residential, retail, commercial uses and public spaces and amenities.

Considerate of a Main Street design that incorporates first floor commercial space and second story living space, as well as integrates the residential community and commercial development.

A mix of housing types that is attractive to varying demographics, such as single-family homes, carriage homes, townhomes, etc., with a guaranteed number of 302 homes, 20% affordable. For market units, there should be a focus on for-sale, owner-occupied properties.

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DEVELOPMENT

PROGRAM

Commercial aggregate SF not to exceed 250,000 SF

Commercial space: Minimum of 50,000 SF

► Office (general, coworking, medical office - any one type not exceeding 50% of the total office space)

► Business lofts/flex space/craft production/makerspace

► Hospitality – short term and extended stay permissible

► Community and cultural spaces such as libraries, community rooms, entertainment, performance space, museums, etc.)

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DEVELOPMENT

PROGRAM

CONTINUED

Retail: Minimum of 30,000 SF, maximum of 150,000 SF

► A combination of traditional, restaurant & entertainment uses.

► Limited number of large pad sites in excess of 50,000 SF

Housing: 302 units, 20% affordable

Excluded uses: Medical or institutional uses requiring an overnight stay, self-storage, gas stations, industrial, manufacturing, warehouse (as primary use) and automobile or vehicle sales.

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APPROACH TO

DESIGNEncourages

Sustainability &

Creativity:

Creates an appealing pedestrian experience based on the Reuse Plan Town Center concept, however with the retail limitations noted herein.

Enhances walkability & connectivity between uses within the site and adjacent projects.

Incorporates open space, green space, trails and places to gather (plazas, public squares seating, enhanced vegetation, manicured areas, pleasing site lines).

Compelling architecture emphasizing unique shapes and treatments.

Aims to achieve the principles of LEED: healthy, highly efficient and cost-saving green buildings and design.

Accommodates future uses.

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WHY FORT MONMOUTH?

► A live, work, play master plan

► Existing community of small businesses & entrepreneurs

► Central location / public transportation access

► Strong corporate and institutional anchors – Commvault, RWJBH, universities

► Established amenities & residential communities

► Affluent, highly-educated workforce

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FEEDBACK FORUM

Q & A, DISCUSSION

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For More Information, Visit Us Online at www.fortmonmouthnj.com

RFOTP Questions

Sarah GibersonMarketing & Development Manager

sgiberson@njeda.com

Request for Tours

Regina McGradeAdministrative Manager

rmcgrade@njeda.com

Last First CompanyAdam Alexander Bohler EngineeringAtkins Jamie Denholtz PropertiesAziz Mike Cooper RobertsonBernell Jenny Clearline Real EstateBrunelli Richard RJ BrunelliCalabro Robert LennarCarroll Chris Harkins Builders, Inc.Csik Randy American PropertiesDahl Stephen LennarDailey Christopher GEI ConsultantsDeCotiis Nicholas Jones Lang LaSalleDeLuca Ron RJ BrunelliFang Eric Perkins EastmanFeldman Bob Basser KaufmanFierro Joe Extell Development CompanyGehan Erin DewberryGold Ken SomersetGouin Steve Giordano HalleranHiller Thomas USA General Contractors Corp.Kanter Greg American PropertiesKernahan Kevin American PropertiesKirk John Cooper RobertsonKramer Jordan Republic Family of CompaniesLim Amy Cooper RobertsonMahoney Columb Cooper CarryMigliorelli RickOglevee Ethan DR HortonPortney Stuart The Metro CompanyReinhart Peter RJ BrunelliSchoonbeek Renee CallisonRTKL Silvestro Tyler Marvel DesignsSobol Bob VHB & BrinkerhoffStaar EricTelyas Avi Maker HoodsThelwell Jamie Toll BrothersTwyman Douglas ColliersWescoe Corey Pulte GroupWoo Kim WRT Design