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Old Posted Sep 25, 2015, 1:23 AM
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summersm343 summersm343 is offline
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Join Date: Oct 2011
Location: Philadelphia
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CAMDEN, NJ | Camden Waterfront Tower | 285 FT | 18 FLOORS






Title: Camden Waterfront Tower
Project: office space, retail
Architect: Robert A.M. Stern
Developer: Liberty Property Trust
Location: Cooper St. and Riverside Dr., Camden, NJ
Floors: 18 floors
Height: 285 ft


Quote:
Liberty Property Trust plans to construct a $1 billion “iconic skyline” along the Delaware River in Camden, N.J., that aims to become an integral component to the struggling city’s revitalization.

While the Malvern, Pa., real estate investment trust has owned office and industrial buildings in South Jersey, it has never invested in the city of Camden.

The conversations resulted in Liberty signing an agreement to acquire 16 waterfront acres from Steiner + Associates, which had long owned the land and had plans to develop it but never did.

Liberty then enlisted Robert A. M. Stern Architects to come up with a master plan for a mixed-use community that involves constructing up to 1.7 million square feet of office space in four to five buildings, four parking garages, a hotel with 120 to 140 rooms, and 325 apartments.

Dranoff Properties of Philadelphia has been retained to do the multifamily component. Retail and restaurants will also be part of the development as well as enhancing green spaces along the river. As Liberty (NYSE: LPT) has done at the Navy Yard, it will identify a hotel operator but retain design control over the structure so it fits within the overall scheme.

Construction could begin soon on parts of the plan. Liberty would like to break ground during the third quarter of next year and anticipates build out to take the next four to five years.

Gattuso said he is already in both early and advanced discussions with tenants that would fill the entire 1.7 million square feet of office space that is planned. This comes as companies continue to recognize they need to be located in environments and physical structures that can attract and retain high-caliber talent, especially as Baby Boomers retire and firms need to re-populate their workforce, Gattuso said. This is what Liberty intends to provide in Camden as it has done elsewhere.
http://www.bizjournals.com/philadelp...us-camden.html

http://www.njbiz.com/article/2015092...den-waterfront

http://www.philly.com/philly/busines...t_project.html

Last edited by summersm343; Oct 23, 2019 at 4:57 PM.