MONMOUTH COUNTY – Netflix has officially completed the purchase of property at Fort Monmouth, clearing a major hurdle for a sprawling studio campus county officials say will bring jobs, investment and long-term economic growth to Monmouth County.
Monmouth County Commissioner Director Tom Arnone, joined by Commissioners Ross Licitra and Erik Anderson, along with local elected officials and community leaders, marked the milestone this week at the former military installation.
Plans for the future Netflix Studios Fort Monmouth campus call for 12 soundstages encompassing nearly 500,000 square feet, supported by production and office buildings. The development is also expected to include a hotel, theater, helipad, retail space, studio trailer areas and visitor attractions.
Officials said the project is projected to generate an estimated $4 billion economic impact statewide, creating thousands of construction and permanent jobs while revitalizing a property that has sat largely dormant since Fort Monmouth’s closure.
The closing was celebrated at The Park Loft in Oceanport, where Netflix co-CEO Ted Sarandos, Phil Murphy, First Lady Tammy Murphy, and Gov.-elect Mikie Sherrill joined county and local officials, including Eatontown Mayor Anthony Talerico Jr. and Oceanport Mayor Thomas Tvrdik.
“We first announced our plans to transform Fort Monmouth back in 2022,” Sarandos said. “It is incredible to think about how what started as an idea is on its way to becoming a reality — a state-of-the-art production facility that will bring new jobs and economic opportunities to New Jersey.”
Murphy said the project represents the transformation of a long-dormant site into a world-class creative campus that will anchor New Jersey’s film and television industry for decades. Tammy Murphy said the momentum shows New Jersey has become a place where world-class stories will be told while supporting skilled workers and local businesses.
Netflix said it plans to invest $1 billion to redevelop the 292-acre site. Over the past year, the company has filmed nearly 20 titles in New Jersey and is currently shooting two films in the state, employing more than 500 people, Sarandos said.
Construction timelines and additional details on the phased development are expected to be announced as planning and permitting continue.
