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up modular homes on vacant lots,” said Camden County Commissioner Al
Projects included an 18-story office tower now known as Triad1828 —
the headquarters of Conner Strong & Buckelew, NFI and Michaels — along with the 11 Cooper Station luxury apartments and the Philadelphia 76ers’ new practice facility on Front Street. In 2018, two of the city’s largest and most high-profile commercial facilities opened, including a new headquarters campus east of downtown for Subaru of America after the automaker secured $118 million in tax credits to relocate from Cherry Hill. American Water, meantime, was awarded a $164 million subsidy for its move from
Al Dyer
Dyer, who grew up in the city and owns investment property there.
“I just saw one on 32nd Street — it’s no longer a cut-through, it’s now a two-family home. It’s almost
like a smile — if you have a missing tooth and you replace it, it makes a nice smile.”
Those smaller developments are backfilling the residential streets east of the new-look waterfront district, creating what officials hope are more workforce housing. Dyer said rents have risen at the properties he owns, which he recently renovated. Recent tenants like nurses and support staff at Cooper University Hospital are looking to be closer to their jobs as the city’s fortunes improve.
The Michaels Organization is spearheading the $145 million reconstruction of Ablett Village, a public housing development on the city’s east end, in a four-phase project that will yield 425 mixed-income homes. The developer broke ground earlier this year on the first phase, which calls for 75 affordable townhome-style units across three separate sites in East Camden, as depicted in this rendering.
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Vic Carstarphen
infrastructure.”
“I don’t think we’re at critical mass yet but we’re working
to get there,” Carstarphen said. “We’re putting hundreds of millions (of dollars) into
Those expenditures include:
• More than $30 million in infrastructure projects including miles of road repaving and reconstruction, a waterfront walkway, electrical and substation upgrades and more.
• The allocation of $250 million by the state to renovate the Walter Rand Transportation Center, a hub for buses, trains, light rail and parking. Future retail and commercial space also is planned for the Broadway site.
• More than $100 million has been invested in parks, including $48 million for the 62-acre Cramer Hill Waterfront Park that opened last fall.
PANDEMIC PAUSE
Beginning in 2013, more than $1 billion in state tax credits were used to lure
a number of high-profile commercial projects to Camden through the
Grow New Jersey incentive program and others administered by the state Economic Development Authority.
Courtesy: Michaels