welcome to fort monmouth
TRANSCRIPT
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
Page 5
20-YEAR DEVELOPMENT PLAN
Page 6
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
Page 7
PROJECT SITE
Parcel B
Page 8
TARGET
INDUSTRIES
Technology & Information
Communications Technology
Healthcare
Defense Industry
Higher Education
Small Business
Retail
Arts and Entertainment
Page 9
REDEVELOPMENT PROGRESSCompleted, In Development, and Planned
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PURCHASING PROPERTY AT
FORT MONMOUTH
Page 15
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
Page 16
PARCEL B
THE OPPORTUNITY
Page 17
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
Page 19
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
Page 20
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.
Page 21
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.)
Page 22
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.
Page 23
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.
Page 24
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
Page 25
FEEDBACK FORUM
Q & A, DISCUSSION
Page 26
For More Information, Visit Us Online at www.fortmonmouthnj.com
RFOTP Questions
Sarah GibersonMarketing & Development Manager
Request for Tours
Regina McGradeAdministrative Manager
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