Tag:

Housing development

$1B Netflix Production Studio Replacing Long Vacant NJ Property $1B Netflix Production Studio Replacing Long Vacant NJ Property
$1B Netflix Production Studio Replacing Long Vacant NJ Property A Jersey Shore property that has sat vacant for more than a decade will soon be transformed into a nearly $1 billion Netflix production studio. The entertainment company plans on committing $848 million in capital investments to develop the facility on the more than than 292-acre site on the former Fort Monmouth campus in Monmouth County. The "economic engine" is estimated to create more than 1,500 permanent production jobs and more than 3,500 construction-related jobs, Netflix and Gov. Phil Murphy said. Located adjacent to Route 35 in Eatontown and Oceanport, the facility will be split i…