Hundreds Turn Out for Red Bank March for Justice, Offshore Wind Continues to Create Shock Waves at the Jersey Shore, Filler Up: New Jersey Last Full Service Holdout. Company nears start of Phase Two in its ambitious redevelopment of the historic property. The construction of the three buildings is scheduled for completion in 2023. The Commissary at Baseline, Fort Monmouth, NJ | Denholtz The construction of the three buildings is scheduled for completion in 2023. Founded by Andrea Pappas, Greg Bartz and Phil Villapiano in 2017, BarCo Brands is also the team behind Deal Lake Bar + Co, an American-style eatery in Loch Harbor. After expanding its team earlier this year with the addition of Tim McMahon as director of growth and development, the group embarked on plans to open a second location, Denholtz said. Jessica Perry // September 16, 2022 Denholtz Properties announced its first tenant for The Commissary at Baseline at Fort Monmouth in July; now a third-generation, family-owned food business. Denholtz said it intends to capitalize on the success of the property by moving forward with its plans for Phase Two: a redevelopment of the former Fort Monmouth Warehouse Distrcit that will. The project would join other developments at the landmark property, which spans roughly 1,000 acres across Eatontown, Oceanport and Tinton Falls. Always forward-looking and always on trend, our foresight into understanding and forecasting the market is one of the primary reasons weve been so successful. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); 10 West Lafayette StreetTrenton, New Jersey 08608-2002, 2023 New Jersey Business Magazine | Privacy Policy | Terms of Use. The Fort Monmouth Economic Revitalization Authority (FMERA) was created to guide the investment, growth and integration of Fort Monmouth and the surrounding communities. He is a lifelong New Jersey resident who has spent a decade covering the great Garden State. We are excited about the development program for this site, especially what is planned at the former Commissary, which will fill an important void at the Fort as well in the regional market, said FMERA Marketing & Development Manager Sarah Giberson. Denholtz Properties, headquartered in Red Bank, NJ, is a privately held, multi-state, fully integrated real estate development, investment, and management company with more than 60 years of commercial real estate experience. For those who would rather play sports, Baseline Socials 3,700-square-foot entertainment section containing five virtual golf bays with full-swing technology will enable guests to play a variety of sports and games. To learn more about leasing at The Commissary at Baseline, please contact Suzanne Macnow, Senior Vice President, CBRE at suzanne.macnow@cbre.com or 732-509-8927. Our success in opening and operating Deal Lake Bar + Co inspired our ownership team to seek out opportunities to create an entirely new concept in the local market, said Pappas. Since that time, our robust leasing activity with truly one-of-a-kind companies like MGT Foods and Birdsmouth Beer speaks to our success in creating a second life for this historic property.. Get our free e-alerts & breaking news notifications! New craft brewery from former Kane head brewer coming to Fort Monmouth According to Giberson, OPorts targeted uses will complement the technology companies already located on the Fort, as well as the growing number of small and large businesses opening Fort-wide. DESCRIPTION Denholtz Properties was awarded two parcels located in Fort Monmouth, New Jersey. Denholtz Properties has closed on its purchase of a site at Fort Monmouth in New Jersey where it plans a $60 million mixed-use redevelopment with food-and-beverage offerings as well as technology . We firmly believe in the vision that Denholtz Properties has laid out for Fort Monmouth, and we are thrilled to be an integral part of the historic propertys success story.. This website uses cookies to improve your experience while you navigate through the website. Brewery to open doors at Fort Monmouth Oct. 15 - NJBIZ Aiming to build upon the success of The Commissary at Baseline, Denholtz Properties is moving forward with its plans for Phase Two, a redevelopment of the former Fort Monmouth Warehouse District that will include the construction of 72,400 square feet of modern spec industrial/flex space spread across three buildings. Working with Denholtz Properties and the borough of Oceanport has been a breath of fresh air, they recognize the untapped potential of the Fort and immediately understood how MGT Foods unique brand of food science and manufacturing can help return the area to its former glory added MGT Foods Vice President Michael James Emanuele. Denholtz will demo the entire interior and rebuild it to be in time with today's Class A standards. You have successfully subscribed to the newsletter. The men recruited almost 70 people into the scheme and caused the pharmacy benefits administrator to pay out more than $7 [], Located in Sewell, the 190-bed nursing homehas been renamed The Center for Rehabilitation & Nursing atWashington Township[], Tris Pharma founder and CEO Ketan Mehta talks about his company's work on a new, non-addictive pain treat[]. The nearly 53,000-square-foot Commissary buildingwill be redeveloped into a mix of food or craft production related useswhich may include eateries and a variety of production spaces. RPM Development Group, LLC, of Montclair, prevailed over four other bidders for the 3.75-acre site on Main Street and Stephenson Avenue in Oceanport. Asbury Park Press 0:05 0:41 OCEANPORT - Birdsmouth Beer, a new craft beer brewery, has signed the first lease with Denholtz Properties for a space at the Commissary building at Fort Monmouth,. To learn more about leasing at The Commissary at Baseline, please contact Suzanne Macnow, Senior Vice President, CBRE at suzanne.macnow@cbre.com or 732-509-8927. Use of this website is subject to its Terms of Use | Privacy Policy | Your California Privacy Rights/Privacy Policy | Do Not Sell My Info/Cookie Policy. Construction is expected to begin in the first quarter of 2021 and to take approximately three years. ft. lease at Fort Monmouth food, beverage hub BarCo Brands has leased 17,100 square feet The Commissary at Baseline, Denholtz Properties' new food and beverage hub at 675 Oceanport Way in Oceanport, where it's slated to open a bar and restaurant known as Baseline Social. Denholtz Properties announces it has negotiated a 19,567-square-foot lease with MGT Foods at The Commissary at Baseline, part of the historic Fort Monmouth redevelopment site located at 675 Oceanport Way in Oceanport, N.J. The existing buildings in the Warehouse District, Post Office Area, and PX, will be demolished by the developer and redeveloped as commercial office, research & development space, and accessory warehouse/flex space. Developer Oceanport Partners, an entity of Denholtz Management Corp. based in Red Bank, is in the process of purchasing a substantial swath of Fort Monmouth within Oceanport that includes the former 53,700-square-foot Commissary and Post Exchange (PX) Complex, Warehouse District, Post Office, and a 6-acre parking area. The spaces mezzanine will be equipped with all the amenities needed to host a range of private parties in addition to being a go-to spot for everyday guests. Denholtz acquires 26-acre Fort Monmouth parcel, plans $60 million Brewery Will Open This Fall At Fort Monmouth - Patch All RIGHTS RESERVED Copyright 2018 Real Estate NJ 105 Eisenhower Parkway Roseland, NJ 07068, Our site uses cookies. Denholtz, brewery ink 12,000 sq. ft. lease for new-look Fort Monmouth To learn more about leasing at The Commissary at Baseline, please contact Suzanne Macnow, Senior Vice President, CBRE at suzanne.macnow@cbre.com or 732-509-8927. Our success in opening and operating Deal Lake Bar + Co inspired our ownership team to seek out opportunities to create an entirely new concept in the local market, said Pappas. The nearly 53,000-square-foot Commissary building will be redeveloped into a mix of food or craft production related uses which may include eateries and a variety of production spaces. Established in Brooklyn, N.Y. in 1968, MGT Foods is a third-generation wholly owned family business that specializes in food science, food manufacturing and food distribution. Beyond its interior space, a large outdoor bar and lounge section will feature 11 bar seats, a variety of seating options with infrared heaters and a firepit lounge for three-season access. The existing buildings in the Warehouse District, Post Office Area, and PX, will be demolished by the developer and redeveloped as commercial office, research & development space, and accessory warehouse/flex space. Denholtz Properties | Fully Integrated Real Estate Company officials estimate creating 264 temporary part-time or full-time construction jobs and a minimum of 439 part-time or full-time permanent jobs within 12 months of the projects completion, or pay a penalty of $1,500 per job not created, as per FMERA regulations. OCEANPORT - Steve Denholtz, owner and CEO of Denholtz Properties, sees an "incredible opportunity" at Fort Monmouth. Denholtz Readies $60 Million Mixed-Use Redevelopment at Fort Monmouth District A includes the former Commissary & PX and the Post Office Area, and the Warehouse District along with an adjacent parking lot. The proposed new construction is inconsistent with FMERAs original reuse plan for the site, requiring an amendment or variance. Many industry leaders view him as the go-to real estate reporter in the state, a role he is eager to continue as the editor of Real Estate NJ. District A was acquired by Denholtz Properties in 2020 and covers 26 acres and includes the former Commissary as well as the PX, Post Office Area and Warehouse District along with an adjacent parking lot. Denholtz Properties to Welcome MGT Foods to Ft. Monmouth Commissary Denholtz Properties to Redevelop 25 Acres in Oceanport for High-Tech That's why his real estate development group has gone ahead with a $31.5. To date, the reuse and redevelopment has activated 1 million square feet of commercial space and more than 200 residential units, along with civic and entertainment uses, FMERA said. In December of 2017, the Fort Monmouth Economic Revitalization Authority's (FMERA's) Board approved the issuance of Requests for Offers to Purchase (RFOTPs) for three individual parcels known as the Commissary & PX Complex, the Warehouse District, and the Post Office Area, as well as an option to bid on a large parking area. The firms total capital investment is estimated to reach nearly $31.5 million. Courtesy: Denholtz Properties Founded in 2017 by Andrea Pappas, Greg Bartz and Phil Villapiano, BarCo Brands is the creator of Deal Lake Bar + Co, an American-style bar and restaurant with an open concept boasting three bars and a large outdoor dining area located in nearby Loch Harbor, N.J. The Red Bank-based commercial real estate investment and development company announced Oct. 28 BarCo Brands signed a 17,100-square-foot lease at 675 Oceanport Way, bringing The Commissary at Baseline to full occupancy. Dessert maker takes 20,000 sq. ft. at new Denholtz food, beverage Commissary Redevelopment Plans Moving Forward - Two River Times The Fort Monmouth Economic Revitalization Authority, the state agency overseeing the propertys redevelopment, announced Tuesday that OPort Partners LLC has completed its $4.35 million acquisition of the parcel. Denholtz leases 19,500-square-foot space at Fort Monmouth to Keyport Birdsmouth Beer Set to Open at Denholtz Properties' Fort Monmouth We are excited about the development program for this site, especially what is planned at the former Commissary, which will fill an important void at the Fort as well in the regional market, said FMERA Marketing & Development Manager Sarah Giberson. According to Giberson, OPorts targeted uses will complement the technology companies already located on the Fort, as well as the growing number of small and large businesses opening across the property. But opting out of some of these cookies may have an effect on your browsing experience. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. NJ breweries: Birdsmouth Beer coming to Fort Monmouth development Kara Kopach on LinkedIn: First Look: Fort Monmouth's 1941 Dance Hall By clicking Accept, you consent to the use of ALL the cookies. These cookies will be stored in your browser only with your consent.