Netflix Finalizes Fort Monmouth Purchase, Marking a Major Step Toward New Jersey Studio Development
Netflix has officially completed its purchase of the former Fort Monmouth property, marking an important milestone in its long-term plan to develop a major East Coast production studio campus in Monmouth County, New Jersey.
Earlier this month, Netflix, along with state and local officials, held a closing ceremony in Oceanport to mark the completion of the transaction. The deal finalizes Netflix’s acquisition of nearly 300 acres at the former U.S. Army base, clearing the way for the next phase of redevelopment and construction.
The property, which has sat largely dormant since the base was decommissioned, is now set to become one of the most significant film and television production investments in New Jersey’s history.
From Military Base to Production Campus
Netflix’s plan to redevelop Fort Monmouth was first announced in 2022. With the closing now complete, the company officially controls the site and can begin moving forward with construction planning in earnest.
The project represents an investment of approximately $1 billion and will include:
- A large-scale studio campus.
- 12 soundstages totaling nearly 500,000 square feet.
- Additional production support buildings and infrastructure.
Development is expected to happen in phases, with early stages of the studio targeted to open in 2027 or 2028, pending approvals and construction timelines.
A Long-Term Economic Play for the Region
State and local officials have consistently framed the project as a long-term economic driver for Monmouth County and the surrounding area.
During construction, the project is expected to generate thousands of jobs. Once operational, the studio is expected to support ongoing employment in production, operations and a wide range of supporting industries, from construction and logistics to hospitality, retail and professional services.
Netflix already has an established production footprint in New Jersey, having filmed numerous projects across the state in recent years. The Fort Monmouth campus would give the company a permanent, purpose-built home base for East Coast production.
Part of a Bigger Shift in New Jersey
The Fort Monmouth development fits into a broader trend: New Jersey is quietly becoming a serious player in the film and television production industry.
With multiple large studio projects underway across the state, New Jersey is positioning itself as a competitive alternative to traditional production hubs, supported by infrastructure investment, workforce development and proximity to New York and Philadelphia.
For Monmouth County, the redevelopment of Fort Monmouth represents something even more specific: the reuse of a massive, long-idle property into a modern, economically productive campus with long-term regional impact.
What Happens Next
With the property officially closed, the focus now shifts to approvals, site preparation and construction planning. While full buildout will take years, this closing ceremony marks the point where the project moves from proposal to execution.
It also marks the beginning of a transformation that will gradually reshape not just Fort Monmouth, but the surrounding business environment as well.
What This Means for Local Businesses
Projects of this scale do not just affect one site, they change entire ecosystems. As development progresses, local businesses in Monmouth and Ocean Counties will increasingly find themselves serving new workers, new companies and new demand. From construction and trades to restaurants, services, marketing and professional support, the ripple effects of this project will be felt well beyond the gates of the former base.
For businesses that plan ahead, this is exactly the kind of long-term shift that creates opportunity. At Resolution Promotions, we are keeping a close eye on Fort Monmouth’s transformation, and helping local businesses position themselves to grow alongside it.
