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A lease agreement may be in place by as early as December for the restoration and reuse, possibly for commercial purposes, of 32 mostly vacant buildings at the former Fort Hancock on the Sandy Hook peninsula of northern Monmouth County. Because the site is within the Gateway National Park, the US National Park Service is in charge of putting the buildings on the market.

Last spring, the NPS picked Wassel Realty of nearby Red Bank, NJ to put together a plan to redevelop the buildings, many of which are in disrepair. They were erected by the US Army between 1878 and 1941. A number of environmental and educational groups occupy some of the space, but the NPS is looking for a revenue stream from the properties.

The structures include the famous yellow-brick officers row residences, plus a number of service buildings spotted throughout the sprawling site.

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