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We are learning more about one of the state’s most exciting and important projects – Netflix Studios Fort Monmouth.

Earlier this month, Netflix presented new renderings for the $1 billion project. The development will span over 290 acres in Oceanport and Eatontown, bringing new life to the former Army base that shuttered in 2011.

The project includes 12 cutting-edge soundstages totaling nearly 500,000 square feet. As NJBIZ reported, a groundbreaking took place in May. Since that time, the process has progressed – with demolition expected to last some 13 months. Meanwhile, Netflix continues to move forward through the approval process for construction.

Netflix presented the renderings to the Eatontown Planning Board, which unanimously approved Phase 1B of the project. It includes eight twin soundstages, three mill buildings and more, set on 47.5 acres in Eatontown. Oceanport approved Phase 1A late last year.

Netflix hopes to open Phase 1A in 2027 and Phase 1B in 2028. The company continues the approval (local, county and state) and demolition process toward those goals.

“The Eatontown Planning Board’s approval of the next phase of Netflix Studios Fort Monmouth marks a significant step forward in our efforts to bring world-class film and television production to New Jersey,” a Netflix spokesperson told NJBIZ. “We are excited to continue working closely with local officials and the community as we bring this studio to life.”

‘It’s really happening’

During a recent interview with Jon Crowley, executive director of the New Jersey Motion Picture & Television Commission, NJBIZ asked about the excitement level around the project.

“When I started, the talk was – ‘is it really going to happen?’ And now, we’ve rounded that corner,” Crowley told NJBIZ. “When you get the renderings that are coming out and recent approvals by Eatontown and Oceanport – seeing the demolition work that’s already begun at the Fort.

“It’s real – and it’s really happening.”

Crowley noted next steps, such as Netflix taking ownership of the property. That is expected by the end of the year.

“And I think you’ll start to see walls going up Q1 of 2026,” said Crowley. “So, we’re lined up on the taxiway – and we’re about to take off at a really good clip.”