Camden moves forward with construction of market-priced high rise along waterfront

David Madden
April 20, 2018 - 2:03 pm
Officials symbolically broke ground on luxury high rise 11 Cooper.

David Madden

Categories: 

CAMDEN, N.J. (KYW Newsradio) — Officials are symbolically breaking ground on what will be the first new construction of market-priced housing in the city in 25 years.

The $48 million building along the waterfront, which will be called 11 Cooper, will house 156 luxury apartments, many with a view of the Delaware River rivaling those on Penn's Landing.

"We're so thrilled that a luxurious and affordable market rate redevelopment is being built right here on the waterfront," Camden Mayor Frank Moran said. "If there is any doubt as to Camden's rise, I want you to just look at the progress all around us."

A fifth of those units will be set aside for those earning 80 percent or less of the area's median income. 

The hope is to create a healthy mix of residents and businesses within the complex, which will include 5,000 square feet of retail space, a 24/7 concierge, a rooftop terrace and parking for 190 cars.

The complex is scheduled to open in about one year.

Three companies are involved in the construction of 11 Cooper, such as The Michaels Organization.

"We are obviously in for the long haul," said Michaels Organization President John O'Donnell. "Don't get me wrong. Our apartments will be spectacular. We'll compete against anything Philadelphia has to offer for the first time in decades. How cool is that?"