Lennar Breaks Ground on The Premiere at Monmouth Residential Development
Lennar (NYSE: LEN) has officially broken ground on The Premiere at Monmouth, a new residential community located within the 1,226-acre Fort Monmouth redevelopment site in Eatontown, New Jersey. The project aims to revitalize land that has remained vacant for over two decades, transforming the former U.S. Army installation into a mixed-use destination. The development will consist of 32 single-family homes and 188 townhomes, with sales expected to commence in late fall 2026. The project is strategically positioned near upcoming economic drivers, including the future Netflix Studios East campus, which is expected to boost regional employment and demand for housing.
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Topics: Community Expansion Homebuilding Real Estate Development