^^Awesome! Here is the rendering:
http://www.gannett-cdn.com/-mm-/4c2a...SizeRender.jpg That means three parts of this development are a go! It looks like Dranoff's apartment building 'One Cooper' will go on the lot surrounded by Cooper St, Penn St, Walcott Blvd and Riverside Dr. You can see renderings here: http://dranoffproperties.com/places/one-cooper/ So the hotel I assume will go on the lot immediately to the West? And the American Water Headquarters will front the River: http://www.gannett-cdn.com/-mm-/d9a9...tern-final.jpg That literally only leaves the two towers left for development. The one immediately to the west of Campbell's field, and the one immediately to the north of the Aquarium and learning center... and obviously the waterfront and pier parks. |
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If there was demand for it, I think it would have already been snatched up by Philly. But that's part of why I think it's a nonstarter. If it isn't viable on Penn's Landing, it's definitely not going to end up in Camden. |
^^i wouldn't necessarily agree. Camden is the anchor for an entire region, South Jersey, whereas Penn'a landing is just another part of Philly, and a boring somewhat difficult to reach one at that. Plus NJ is giving out tax breaks for companies to move there. Given how quickly we've seen these other parcels moving forward, other companies might want to jump on the ship now that the project looks completely viable.
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Construction to begin immediately
Liberty Property Trust begins work on Camden Waterfront development
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The most exciting part about Camden is that its most prime area, the waterfront area near the Cooper Grant neighborhood and Rutgers-Camden, is literally a huge blank slate. 5th Street also has a ton of potential to become a gateway from Rutgers-Camden to a newly enlivened waterfront area by incorporating mixed-use structures into the fabric of the street. I can't believe that so many empty lots exist at City Hall station, the stop of 24/7 subway service to Philadelphia. If this project is successful and Philly real estate prices keep on rising, I can see residential towers taking out other lots in that section of Camden. The draw is two-fold: (currently) unobstructed views of Center City and the BFB, and 24/7 service across the river. The difference in taxes may also be a draw to some people. Camden is definitely on the upswing! |
Construction begins on $1B Camden Waterfront project
https://cdn0.vox-cdn.com/thumbor/6hV...hitects.0.jpeg https://cdn0.vox-cdn.com/thumbor/11Z...Architects.jpg Quote:
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I can confirm this, lots of heavy equipment on site and the roads around the site have been closed.
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not seeing a billion dollars there. A few hundred million maybe.
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Looks like 8 buildings, two of which are highrises. That's probably at least $700 million there. Then, between the 4 parking garages, the massive waterfront park, and the repaving roads, etc.... I could easily see a billion here.
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:cheers: |
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From the Philadelphia Business Journal
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did it really break ground? I can see the site from my apartment and no one's there.
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You know what would be nice, though? If minor league baseball returned to Campbell's Field. |
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But seriously, it needs to be put back in use. |
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new jobs -> new lunch spots. New lunch spots start serving dinner and all the sudden you have a night life in camden. People will live where they can walk to work and to a decent restaurant. |
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