Page 16 - RE-NJ

14 MAY 2022
State tax credits have spurred a series of high-profile commercial projects in Camden over the past decade, including American Water’s 220,000-square-foot headquarters (foreground) and the 18-story, 375,000-square-foot Triad1828 office building, the headquarters of Conner Strong & Buckelew, NFI and Michaels.
(development) more,” Kolluri said. “I think you’ll see a different kind of development in the next 10 years.”
THE NEXT DECADE
Kolluri said more attention will now
be paid to revitalizing small businesses on commercial corridors, such as Broadway, Kaighn Avenue and Federal and Market streets. The city still doesn’t have a large chain supermarket — a recent plan failed, but hope remains. And, Kolluri said he’d like to see Camden capitalize on new state tax credits for film and digital production, perhaps luring IT firms to the city.
The expansion of the Rowan University and Rutgers-Camden Joint Health Science Center campus is underway with construction of a $70 million Collaborative Life Sciences Center in the city’s “eds-meds corridor.” And Rutgers is planning for a new business school building at 5th and Market streets downtown.
Other developments in the offing include a proposed 145,390-square-foot distribution center on a 40-acre tract on Admiral Wilson Boulevard in east Camden, by Matrix Development. And,
further off, the state is still looking to sell for mixed-use development the former Riverfront State Prison site north of the Ben Franklin Bridge. That tract is adjacent to the new Cramer Hill Park, which features a fishing plaza, hiking and biking trails, a kayak launch, playgrounds and picnic areas along with sweeping views of the bridge and Philadelphia and Camden skylines.
Jeanette Alvarez was raised in Camden and, in turn, raised her three children there. Now, she says she can’t wait to bring her granddaughter to the new park. “I’m proud to say I’m a Camden resident with all the investments and improvements that have been made, including in the police department and schools,” said Alvarez.
“The one thing the city has never
lost — and the residents have never lost — is hope,” Kolluri said. “You can hardly think of another city that was more down and out ... The grit that made this country great, made this city invincible.” RE
Patricia Alex is a freelance writer based in Cherry Hill and the founder of Silk City Communications.
suburban Voorhees to the waterfront.
Experts say the office market looks to be largely
to come to the city relocated from other Camden County communities, but most of those suburban office properties have been now been backfilled, Wolf said.
The city in 2020 welcomed its first new hotel in 50 years — a Hilton Garden Inn that opened at the outset of the COVID-19 crisis, as the spigot was closing on the tax incentives.
“The pandemic stalled some of the momentum, but it gave us the opportunity to think about
Jason M. Wolf
built out in Camden. “It’s saturated,”
said Jason M. Wolf, managing principal of Wolf Commercial Real Estate in Marlton. Most of
the big firms that used the tax breaks
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