Camden Waterfront Development Approved, With Tweaks
The New Jersey Economic Development Authority signed off on Liberty Property Trust’s ambitious $1 billion plan to redesign the Camden waterfront last week after Liberty made some revisions and upgrades.
According to Greg Adomaitis at NJ.com, the plan’s cost has been trimmed to $830 million. Instead of the 1,638 residences that were first proposed, there will now be only 211. There are also now roughly 4,000 parking spaces in the plan.
There has also been a series of changes to the design of the massive development, which will now extend from the Ben Franklin Bridge to Market Street and encompass 26 acres. In addition to the extension of Market, Cooper and Penn streets to the river’s edge, two new north-south streets will be created that will form the boundaries for a mid-rise commercial building. Cooper Street will also be widened to help develop walkways.
According to the new plan, there will also be a shuttle service serving the development, City Hall and the Walter Rand Transportation Center, and there will also be a ferry stop connecting the Wiggins Park ferry terminal with Philadelphia.