Holmdel Township Dropping $5 Million to Preserve National Historic Landmark
Holmdel Township Committee announced that it has successfully negotiated the preservation of Crawford Hill and the Horn Antenna. through an understanding with Crawford Hill Holdings LLC the property owner. “This breakthrough will allow future generations to observe the Horn Antenna, a National Historic Landmark said Mayor D.J. Luccarelli. It’s located within Holmdel with views that can be observed from the highest point in Monmouth County, all part of a sprawling 35-acre public park.
Under the terms of the agreement, the Township will acquire the Crawford Hill property, including the Horn Antenna, for a net sale price of $4.75 million. The transaction will involve a purchase price of $5.5 million, with Crawford Hill Holdings donating $750,000 back to the Township for improvements to Crawford Hill. The money is expected to be used to preserve the Horn Antenna, repave access roads, and complete potential improvements such as a visitor center.
The acquisition will be funded through the Township’s Open Space Trust Fund without any adverse impact on taxpayers. The negotiated settlement will allow the Township to obtain title to Crawford Hill quickly. This will prevent any litigation exposure to the Township over the value of the property. “This settlement brings a successful end to our year-long effort to preserve Crawford Hill and the Horn Antenna upon terms that are responsible and will not impact Holmdel taxpayers,” said Deputy Mayor Rocco Impreveduto.
Planned Uses for the Site
The Township will also partner with Crawford Hill Holdings for the adaptive reuse of the former Nokia building. The Township will adopt a redevelopment plan that allows for specific uses to ensure that site impacts are generally consistent with those when the building was occupied. These uses include office, medical, health, research lab, and educational facilities. The plan will prohibit and prevent any residential development on Lot 7, including a single-family development, multi-family development, townhouse development, assisted living development, and continuing care facilities.
“I am grateful to the Township Committee, the Township’s staff and professionals, and the members of the public that have supported our effort to preserve the Horn Antenna and prevent impacts such as high-density housing,” said Mayor Luccarelli. “I also want to extend my appreciation to Rakesh Antala and the members of Crawford Hill Holdings for negotiating in good faith and reaching this agreement.”