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Consent for Lodging Parcel Redevelopment Agreement Granted

Economic Development Authority | State of New Jersey logoEconomic Development Authority | State of New Jersey
Approved
Mar 10, 2020

The 30-second brief

What it covers

NJEDA granted consent for FMERA to enter into a Purchase and Sale & Redevelopment Agreement with Somerset Development, LLC for the Lodging Parcel in Oceanport at the former Fort Monmouth. The agreement enables redevelopment of the lodging site as part of the broader base revitalization.

Who holds it

Somerset Development LLC holds this contract with Economic Development Authority | State of New Jersey. Its other public contracts on record include work for City of Hillsboro and Hoffman Estates village (pt.).

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Contract details

Document date
March 10, 2020
Vendor
Somerset Development LLC
Agency
Economic Development Authority | State of New Jersey
Source document
nj-economic-development-authority-minutes-real-estate-funding-approvals-march-10-2020_af3.pdf (Minutes)

Somerset Development LLC's other public contracts

City of Hillsboro, TexasHillsboro Considers Amendment With Somerset Development · Oct 20, 2026UndisclosedHoffman Estates village (pt.), IllinoisSomerset Development Cost Included in TIF Request · Sep 14, 2026$895KCity of Hillsboro, TexasDeveloper Service Agreement Approved for Water Line · Nov 4, 2025UndisclosedNJ Economic Development Authority, New JerseySomerset Development Lodging Parcel Redevelopment Consented · Apr 14, 2020UndisclosedNJ Economic Development Authority, New JerseyFMERA Lodging Parcel Redevelopment With Somerset Development · Mar 10, 2020UndisclosedAll Somerset Development LLC contractsVendor profile

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Questions about this contract

Who was awarded the government contract by Economic Development Authority | State of New Jersey?

Somerset Development LLC was awarded this government contract by Economic Development Authority | State of New Jersey, as recorded on March 10, 2020.

What type of contract is this?

This is a government contract, documented as a minutes record.

Where was this contract approved?

This contract appears in nj-economic-development-authority-minutes-real-estate-funding-approvals-march-10-2020_af3.pdf (Minutes), dated March 10, 2020 from Economic Development Authority | State of New Jersey. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Somerset Development LLC hold?

Somerset Development LLC may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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