Get ready for a major makeover on the site of the old Fort Monmouth!

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Fort Monmouth in Eatontown officially closed its doors as a U.S. Army installation in 2011. Soon after, The Fort Monmouth Economic Revitalization Authority or FMERA was created to plan the future of the 89 acres.

FMERA accepted an offer of $130 million from a developer that has high hopes for the land.

Thursday, Parcel B Redevelopment, LLC, Paramount Realty Services and LMS Commercial Realty were approved to build 'Freedom Pointe.' Reps say this won't be a "traditional shopping center." Two-thirds of the property will be retail and the other third will be residential with 302 townhomes. Tenants for the retail space are reportedly already lined up.

When speaking to Word On The Shore, elaborate plans for 'Freedom Pointe' were laid out. The rebuild is set to include:

  • an ice skating rink
  • open lawn area for concerts, shows, and seasonal events
  • jogging and biking trails
  • a high-end playground with spray park for kids
  • miniature golf
  • pop jets
  • bocce

Work on 'Freedom Pointe' is slated to begin at the end of the year. They hope to have the project completed by 2019.

MORE: Why a new reality show in Seaside Heights is a bad idea.

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