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Old September 25th, 2015, 10:54 PM   #1
Nexis
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CAMDEN | LPT Camden Waterfront Towers | 590ft | 450ft | 38 fl | 25 fl | Pro

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Photo courtesy Robert A. M. Stern and Philly Mag.



Photo courtesy Robert A. M. Stern and Philly Mag.

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.
Sources : 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
http://www.phillymag.com/property/20...t-development/
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Old September 26th, 2015, 09:05 PM   #2
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pretty cool!

(but gee, what's up with all these parking lots ...?)
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Old September 26th, 2015, 09:13 PM   #3
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Very nice. What are the odds of this being built in Camden though?
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Old September 26th, 2015, 09:34 PM   #4
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pretty cool!

(but gee, what's up with all these parking lots ...?)
Those belong to the Camden Aquarium. I hope down the road they replace those lots with one garage and then build up a dense community.

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Very nice. What are the odds of this being built in Camden though?
I'm in the 50/50 crowd...there have been a lot of recent proposals for Camden or along the Light Railway corridor. But not much has broken ground yet , except a few smaller residential projects.
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Old September 26th, 2015, 09:50 PM   #5
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I know Camden has some major issues with crime and poverty but the waterfront seems like it has a ton of potential. Hopefully this goes through to some degree. Camden and Philly both seem to have severely underutilized waterfronts.
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Old September 26th, 2015, 10:10 PM   #6
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I know Camden has some major issues with crime and poverty but the waterfront seems like it has a ton of potential. Hopefully this goes through to some degree. Camden and Philly both seem to have severely underutilized waterfronts.
Camden has a better shot at a revitalized Waterfront then Philly. Interstate 95 slices up the Philly Waterfront , where Camden just needs to attract investments. Jersey City , Hoboken have invested Millions into their waterfront... Camden needs to do the same or have the state or feds invest in a walkway or park...
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Old September 28th, 2015, 08:27 PM   #7
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Really astonishing this could possibly take place in Camden. Fantastic design for both.
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Old September 28th, 2015, 09:02 PM   #8
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Camden is quite creepy, but this project will definitely make change to kick in. I've always thought that Camden should merge with Philli.
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Old October 3rd, 2015, 12:24 AM   #9
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I'll try to do a detailed overview of the site in early or mid November.
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Old October 3rd, 2015, 02:04 AM   #10
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I'm liking the similarity to Sterns Tour Carpe Diem in Paris.

This is a pretty unique project for Camden. Hopefully it will spur even more towers hugging the river. Lots of potential.


Credit:http://www.lemoniteur.fr

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