FORT MONMOUTH – Netflix broke ground today on a new studio complex in Fort Monmouth.
Netflix plans to invest $1B to transform the 292-acre former US Army installation into a premier East Coast production hub. The development will feature 12 cutting-edge soundstages totaling nearly 500,000 square feet, with additional areas dedicated to supporting film uses and community amenities.
“Netflix is proud to invest in American innovation and the creative community,” said Ted Sarandos, co-CEO of Netflix. “We estimate that these studios will create thousands of jobs for New Jersey residents, billions of dollars in economic output, and many other cultural benefits to the region and state. Over the past four years, Netflix has contributed $125 billion to the US economy and hired more than 140,000 cast and crew members. And we’re excited to continue our investment in the US and New Jersey in the coming years.”
“As the birthplace of the motion picture industry, New Jersey couldn’t be more thrilled to welcome Netflix — a name synonymous with 21st century entertainment — to the Garden State,” NJ Gov. Phil Murphy said. “The Netflix studio at Fort Monmouth further solidifies New Jersey’s reputation as a global leader in film and television production, attracting some of the world’s top filmmakers and creators to the state. We are grateful to Netflix for choosing New Jersey as its new home on the East Coast and for committing to an investment that will fuel economic growth, generate thousands of new jobs, and bring more patrons to our local businesses.”
In 2022, Netflix announced its plan to transform Fort Monmouth, a property that had been largely vacant for more than a decade, into an economic engine. The project is expected to create a substantial number of permanent production jobs and construction-related positions, thereby boosting employment opportunities in New Jersey.
Demolition of existing facility is expected to take around 13 months, and the studio is projected to open in 2028. However, further approvals are required before Netflix Studios Fort Monmouth can fully undertake construction.
