Home Care In Oceanport, NJ

Netflix capped a blockbuster day Friday with two major deals, including the purchase of the former Fort Monmouth property where it plans to build a sprawling new mega-studio.

“With this acquisition, we are excited to move forward with Netflix Studios Fort Monmouth—a state-of-the-art production facility that will bring new jobs and economic opportunities to New Jersey," Anne Kelly, Netflix’s Vice President of Studio Management & Services said in a statement.

The announcement came on the same day the streaming giant shared that it purchased Warner Bros., including its film and TV studios, HBO Max and HBO, for $82.7 billion.

Netflix’s Fort Monmouth studio has been years in the making, requiring approvals from officials in Oceanport and Eatontown. The 289-acre complex will span both boroughs.

Eatontown Mayor Anthony Talerico expressed his appreciation to members of the Fort Monmouth Economic Revitalization Authority, which is tasked with marketing and selling parcels of the former fort, for their efforts in bringing the deal to fruition.

“I am thankful for the tireless efforts of the FMERA staff for all of the work behind the scenes, much of which no one will ever know, to bring this project to this point,” Talerico said on his Facebook page.

The final sale price was $55 million, according to a report from the Asbury Park Press, broken down between a $47M purchase price, a $5M utility contribution and a $3M relocation fee.

The studio campus will feature 12 soundstages totaling nearly 500,000 square feet, production and office buildings, a cafeteria, retail shops, trailer parks for crews, a theater, a hotel and visitor attractions.

The first phase of the project was approved last year by Oceanport and will be located on the former fort’s 29-acre McAfee Zone, which is being transformed into a campus for actors and production crews and includes four soundstages.

The campus’ main entrance and centerpiece was approved by Eatontown officials in September. It is the largest portion of the project and will feature eight additional soundstages up to 70 feet tall, along with production offices and a public plaza.

Demolition on the first phase of the project began in May, with construction on the final section expected to start in 2026 and wrap up by 2028.

With construction underway, both Oceanport and Eatontown have entered into tax agreements with Netflix, guaranteeing millions in annual revenue through a payment-in-lieu-of-taxes program, known as a PILOT, over the next three decades.

Earlier this month, Oceanport approved a PILOT that will bring the borough nearly $65 million over 30 years.

Last month, Eatontown approved a similar PILOT for the second phase of the studio project, including an immediate $47 million payment that borough officials said could fund long-needed improvements to roads, sewers and public facilities.

Kelly thanked local officials as well as Gov. Phil Murphy and his administration for helping bring the project to life.

“While there is still work ahead before we open our doors, we look forward to continuing our close partnership with this remarkable community as we transform this historic site into a world-class studio and vibrant community hub,” Kelly said.

In just over a week, it’s another huge milestone for the Netflix production facility planned at what once was Fort Monmouth — a critical vote by the Oceanport Borough Council, followed by the closing date on the entire property.

The Thursday, Dec. 4 borough council meeting involves a public hearing and vote on whether to green-light a three-decade payment plan from Netflix.

Oceanport’s crucial vote on Netflix PILOT deal

Oceanport stands to receive $66 million over the payment in lieu of taxes (PILOT) agreement, instead of conventional taxes.

A month ago, a separate PILOT agreement was approved by the Eatontown Borough Council, for its portion of the nearly 300 acre Netflix production facility, as first reported by Two River Times.

At the Nov. 6 meeting of the Oceanport Borough Council, the case was made for the 30-year contract as a way of warding off uncertainty in the film and TV industry, after a resident’s question about whether dealing with Netflix was risky.

“In less time than this contract term is, Netflix was mailing DVDs in the mail to us and we were putting them in a machine to watch them. Now, we watch everything on our phone and they're building multiple movie studios all throughout the country — probably throughout the world,” Oceanport Special Redevelopment Counsel Matthew Jessup said.

“So that's exactly the point, because you don't know, you want the certainty of a contractual payment that isn't based on revenue and runs with the land. So any future land owner has to pay the same contractual amount,” Jessup continued, in a video recording of the session.

He added that a PILOT is “treated exactly like a real estate tax dollar.”

Netflix expected to finalize purchase of 300-acre Fort Monmouth site

On Friday, Dec. 5, Netflix is slated to officially close on the entire, nearly 300 acre property — just a portion of the sprawling, decommissioned U.S. Army base.

The overall plan involves 12 sound stages and supporting buildings and spaces, in portions of both municipalities, as follows:

???? Phase 1A in Oceanport includes four sound stages and office space???? Phase 1B in Eatontown adds eight sound stages and other buildings???? Phase 2A in Oceanport spans “parcel 400” with backlots, warehouses, and amenities

Demolition and construction ramp up across Fort Monmouth

Phase 2A of Netflix's studios at Fort Monmouth has still been moving through the approval process.

The Oceanport Planning Board okayed it another recent meeting on Nov. 12.

Netflix director of global design and construction and senior project manager for the Fort Monmouth project, Kenneth Falcon said at that meeting that 47 buildings were being abated and demoed in Phase 2A, while the team is renovating five Army buildings at the site.

LOOK: Every Kid Wanted to Go to These Famous TV and Movie Locations

Before Google Earth and instant streaming, your imagination had to do the traveling, and TV and movies were your passport. From pirate coves to suburban streets, these were the places every kid dreamed of visiting.

Some are rising stars, born in New Jersey, while others spent formative years in NJ as they broke into acting.

In just over a week, it’s another huge milestone for the Netflix production facility planned at what once was Fort Monmouth — a critical vote by the Oceanport Borough Council, followed by the closing date on the entire property.

The Thursday, Dec. 4 borough council meeting involves a public hearing and vote on whether to green-light a three-decade payment plan from Netflix.

Oceanport’s crucial vote on Netflix PILOT deal

Oceanport stands to receive $66 million over the payment in lieu of taxes (PILOT) agreement, instead of conventional taxes.

A month ago, a separate PILOT agreement was approved by the Eatontown Borough Council, for its portion of the nearly 300 acre Netflix production facility, as first reported by Two River Times.

At the Nov. 6 meeting of the Oceanport Borough Council, the case was made for the 30-year contract as a way of warding off uncertainty in the film and TV industry, after a resident’s question about whether dealing with Netflix was risky.

“In less time than this contract term is, Netflix was mailing DVDs in the mail to us and we were putting them in a machine to watch them. Now, we watch everything on our phone and they're building multiple movie studios all throughout the country — probably throughout the world,” Oceanport Special Redevelopment Counsel Matthew Jessup said.

“So that's exactly the point, because you don't know, you want the certainty of a contractual payment that isn't based on revenue and runs with the land. So any future land owner has to pay the same contractual amount,” Jessup continued, in a video recording of the session.

He added that a PILOT is “treated exactly like a real estate tax dollar.”

Netflix expected to finalize purchase of 300-acre Fort Monmouth site

On Friday, Dec. 5, Netflix is slated to officially close on the entire, nearly 300 acre property — just a portion of the sprawling, decommissioned U.S. Army base.

The overall plan involves 12 sound stages and supporting buildings and spaces, in portions of both municipalities, as follows:

???? Phase 1A in Oceanport includes four sound stages and office space???? Phase 1B in Eatontown adds eight sound stages and other buildings???? Phase 2A in Oceanport spans “parcel 400” with backlots, warehouses, and amenities

Demolition and construction ramp up across Fort Monmouth

Phase 2A of Netflix's studios at Fort Monmouth has still been moving through the approval process.

The Oceanport Planning Board okayed it another recent meeting on Nov. 12.

Netflix director of global design and construction and senior project manager for the Fort Monmouth project, Kenneth Falcon said at that meeting that 47 buildings were being abated and demoed in Phase 2A, while the team is renovating five Army buildings at the site.

LOOK: Every Kid Wanted to Go to These Famous TV and Movie Locations

Before Google Earth and instant streaming, your imagination had to do the traveling, and TV and movies were your passport. From pirate coves to suburban streets, these were the places every kid dreamed of visiting.

Some are rising stars, born in New Jersey, while others spent formative years in NJ as they broke into acting.