Netflix as the new Hollywood of the East Coast will create GREAT opportunity for Monmouth & Ocean County real estate property sales, rentals & investments and we have already begun to see the positive impact in rising values in areas surrounding the old Fort Monmouth location.
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Reel Rentals NJ: Search for vacant furnished homes for your “reel” production needs (hourly, daily etc..) COMING SOON!
Are you planning to invest in real estate property surrounding the new Netflix campus?
Maybe you will work at the studios or visit frequently enough that you have a need for a primary or second home, vacation home in close proximity to the new Netflix studios! Maybe a long term rental makes more sense. And everyone knows the NJ Shore has a booming vacation home rental industry for your short term rental needs. Also a new type of opportunity will arise in that of production studios renting homes by the hour when a more authentic or affordable option is needed for filming tv, movies, videos, commercials etc. This niche is very common in California and Georgia for example but now that New Jersey is going to be the new Hollywood of the east coast then Monmouth & Ocean county properties will all have a chance to be featured on your next favorite show or movie!
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Some more detail about the Netflix Fort Monmouth project plans:
Netflix has detailed its vision for a sprawling mega parcel in Monmouth County, involving 12 sound stages at an East Coast production facility offering more than 1,500 permanent jobs.
Plans for a “sustainable, integrated film studio campus” would be carried out in two phases over several years, involving more than 3,500 construction-related jobs, according to a joint news release with Gov. Phil Murphy.
The first phase of the project would include construction of the 12 sound stages — each ranging in size from 15,000 square feet to 40,000 square feet.
Netflix has announced it would commit $848 million in capital investments to develop the sprawling property in parts of both Eatontown and Oceanport, adjacent to Route 35.
Additional improvements could include office space, production services buildings, mill space and studio backlots, among other film industry needs.
There would also be potential for “consumer-facing components, such as retail and consumer experiences,” according to the press release.
Netflix Co-CEO and Chief Content Officer Ted Sarandos said “We’re thrilled to continue and expand our significant investment in New Jersey and North America. We believe a Netflix studio can boost the local and state economy with thousands of new jobs and billions in economic output, while sparking a vibrant production ecosystem in New Jersey,” Sarandos added.
NJ Governor Phil Murphy said the production facility being built would “spark an entirely new ecosystem of housing, hotels, and ancillary businesses and services, bringing with it countless additional jobs and boosting the regional economy.”
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Reel Rentals NJ: Search for vacant furnished homes for your production needs: Hourly, Daily – COMING SOON!! (for now visit Shore Points Vacations for NJ Shore furnished rental properties)