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  #5781  
Old Posted Dec 4, 2014, 1:17 PM
1487 1487 is offline
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Originally Posted by Jelly Roll View Post
"Officials won't say more publicly, but two people with knowledge of the project said Wednesday that Subaru of America will soon announce its move from Cherry Hill to Camden."

http://www.philly.com/philly/business/20141204_Subaru_expected_to_be_latest_to_move_to_Camden.html
Did this actually happen??
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  #5782  
Old Posted Dec 4, 2014, 1:31 PM
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Originally Posted by Jelly Roll View Post
"Officials won't say more publicly, but two people with knowledge of the project said Wednesday that Subaru of America will soon announce its move from Cherry Hill to Camden."

http://www.philly.com/philly/business/20141204_Subaru_expected_to_be_latest_to_move_to_Camden.html

Ummm , so just where in Camden is this larger than 115,000 sq.ft. building ??
IF Subaru moves out of Cherry Hill , my guess would be to some multi building
location in a business park in Mt.Laurel , or maybe even Evesham twp.
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  #5783  
Old Posted Dec 4, 2014, 1:56 PM
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Originally Posted by Outta here View Post
Ummm , so just where in Camden is this larger than 115,000 sq.ft. building ??
IF Subaru moves out of Cherry Hill , my guess would be to some multi building
location in a business park in Mt.Laurel , or maybe even Evesham twp.
I think the only reason to move out would be to get those Camden tax credits they are throwing around.

Summer usually does a run down of projects in Philly... how bout a run down of projects in camden! I know there are a ton, even the trade center ontop of the prison! Would be neat to sit and take a look at the landscape of camden 10 years from now. Its technically more convenient to center city than some parts of "greater center city" since it has two subway stops.
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  #5784  
Old Posted Dec 4, 2014, 2:18 PM
Larry King Larry King is offline
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I think the only reason to move out would be to get those Camden tax credits they are throwing around.

Summer usually does a run down of projects in Philly... how bout a run down of projects in camden! I know there are a ton, even the trade center ontop of the prison! Would be neat to sit and take a look at the landscape of camden 10 years from now. Its technically more convenient to center city than some parts of "greater center city" since it has two subway stops.
Yes. Everyone's getting free money in camden.. the idea is get all you can get now because who knows when this will happen again

Essentially... camden is now important to jersey govt because..

1. Norcross is more powerful than ever and loves camden
2. Christie is going to run for president and could use camden's revitalization on the campaign trail
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  #5785  
Old Posted Dec 4, 2014, 4:22 PM
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Originally Posted by cafeguy View Post
I think the only reason to move out would be to get those Camden tax credits they are throwing around.

Summer usually does a run down of projects in Philly... how bout a run down of projects in camden! I know there are a ton, even the trade center ontop of the prison! Would be neat to sit and take a look at the landscape of camden 10 years from now. Its technically more convenient to center city than some parts of "greater center city" since it has two subway stops.
Not exactly what you meant, but you might find this map I made a few weeks ago interesting. It's a map of all entities in the city who've received GrowNJ tax credits since the law was passed last year. I'll certainly be adding whoever gets this $100m to it when it's officially announced.

http://thegreengrass.net/camden

The problem with Camden is that everyone's always really secretive about the deals they do. Not having an inside contact, the best thing I can do is read redevelopment authority agendas, but that's only what they chose to talk about publicly. That said, there's a few things I know are being talked about.
  • The Steiner + Associates plan for the waterfront is still in the works, and I was told by someone there over email "We are working on plans to develop the site and will begin some time next year", though last year they amended their development agreement to leave out a few smaller parcels, I believe near the baseball stadium. I also believe Dranoff might be involved with developing this, http://southjerseyist.wordpress.com/2014...ff-on-the-way-for-the-camden-waterfront/.

  • Speaking of Dranoff, he recently had this to say about his Radio Lofts building next to the Nipper building he rennovated a decade ago: "Noting that the state's cleanup standards are lower for structures that will not be put to residential use, Dranoff says reconfiguring Radio Lofts as an office and retail project may be the way to go." Of course, he's sat on that building for 10 years, so who knows what his real intention is.

  • It seems there's a plan to develop the large building at 300 N. Deleware Avenue, which is directly east of the baseball stadium. I don't believe that's part of the waterfront master plan, and it kinda crept up, but it seems like there's a meeting on the 11th to unveil some plans. The building no longer has a for sale sign on it (something it's had for years), and every loopnet/real estate site I find an entry on it for is either stale or "this building is no longer for sale".

  • The LEAP Academy is going to be renovating and moving into the Wilson Building, Camden's "first skyscraper", at Broadway and Cooper. http://www.philly.com/philly/news/new_jersey/20141201_Academy_prepares_a_LEAP_forward.html

  • The KIPP Cooper Norcross Academy at Lanning Square is currently under construction right next to the Cooper/Rowan medical building http://foundation.cooperhealth.org/who-w...r-community/kipp-cooper-norcross-academy

  • Across from that, a residential conversion of historical buildings is also underway http://www.bizjournals.com/philadelphia/...7m-residential-development.html?page=all

  • Though Christie et al had a "groundbreaking" last year, the Rutgers nursing building at 5th & Federal should be going up next year. Should. http://articles.philly.com/2014-11-16/ne...-south-jersey-projects-building-projects

  • I was told that Rowan is planning to expand the back of their campus in the city, which is housed in an awesome old bank also at Broadway and Cooper

  • And of course, the Sixers are building a "world class" basketball complex complete with helipad and huge sign.

There are other infill-y type of projects humming along, like M&M Development building new townhomes in Lanning Square, and also planning on converting a historical building on Cooper Street to apartments. And the Cooper-Grant neighborhood association is trying to work with the city to get phase 2 of a townhome project near Rutgers completed. Something that holds up a lot of these projects is environmental remediation from Camden's legacy as an industrial center, and while there are apparently brownfield grants available and regularly awarded to sites in the city, it's so slow to happen. Lastly, something important is that the city seems to finally have a bidder for the start of demolitions of dilapidated buildings around the city. It might sound boring, but those buildings are an impediment to all kinds of things.

As for the waterfront trade center project, I have no idea what the real validity of that project is. For now, the former prison site is a parking lot to offset those spots that'll be lost when the Sixers project happens across from the entertainment center. I haven't heard anything about the trade center since that one article came out.
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Last edited by josef; Dec 4, 2014 at 4:35 PM.
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  #5786  
Old Posted Dec 4, 2014, 6:39 PM
Larry King Larry King is offline
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Architecturally - camden city hall is one of the more underrated buildings in the US
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  #5787  
Old Posted Dec 4, 2014, 7:44 PM
PhillySteaks PhillySteaks is offline
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1515 Market

Anyone know what the Cap/Discount rates were for 1515 Market? Reis has the Center City office market pegged at a 9% cap which is pretty astonishing considering Uniondale Long Island is 8%. Anyone know what 1515 market got?
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  #5788  
Old Posted Dec 4, 2014, 7:56 PM
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Quote:
Originally Posted by Larry King View Post
Architecturally - camden city hall is one of the more underrated buildings in the US
Also apparently "tallest building in the Philadelphia metropolitan area that is located outside of Philadelphia", and looking at the list of tallest in NJ, it's the tallest non-gaming/resort tower south of Trenton.
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  #5789  
Old Posted Dec 4, 2014, 9:33 PM
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Originally Posted by josef View Post
Also apparently "tallest building in the Philadelphia metropolitan area that is located outside of Philadelphia", and looking at the list of tallest in NJ, it's the tallest non-gaming/resort tower south of Trenton.

You forced me to investigate your claim .... I hate it when that happens
So at the moment , I find your statement except-able . The 28 other buildings
located in New Jersey that are all taller than Camden's City Hall are either located
in north Jersey ...or as you stated , casino hotel , gaming types all located in A.C.

What I found surprising was , the Revel Hotel casino at 709 ft. is the second tallest casino tower in the U.S....... wow .
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  #5790  
Old Posted Dec 4, 2014, 9:49 PM
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What I found surprising was , the Revel Hotel casino at 709 ft. is the second tallest casino tower in the U.S....... wow .
And now perhaps the tallest abandoned building?
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  #5791  
Old Posted Dec 4, 2014, 10:02 PM
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Originally Posted by josef View Post
And now perhaps the tallest abandoned building?

Don't quote me on this but I believe it has already been snatched up for pennies on the dollar . If true , it won't be vacant long ...... I hope .

PS , I saw your map of Camden . The only place large enough for 155,000 sq. ft.
or more would have been at the old New York Ship building location on south
Broadway but I believe that spot is already occupied by another large company .
" IF " Subaru does move out of Cherry Hill , ( even with tax incentives ) I doubt
it would be the direction , in which they will go ..............
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  #5792  
Old Posted Dec 4, 2014, 10:11 PM
Kidphilly Kidphilly is offline
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Originally Posted by Outta here View Post
Don't quote me on this but I believe it has already been snatched up for pennies on the dollar . If true , it won't be vacant long ...... I hope .

PS , I saw your map of Camden . The only place large enough for 155,000 sq. ft.
or more would have been at the old New York Ship building location on south
Broadway but I believe that spot is already occupied by another large company .
" IF " Subaru does move out of Cherry Hill , ( even with tax incentives ) I doubt
it would be the direction , in which they will go ..............
will be a new building by Campbells, new campbells
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  #5793  
Old Posted Dec 4, 2014, 10:25 PM
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Quote:
Originally Posted by Outta here View Post
Don't quote me on this but I believe it has already been snatched up for pennies on the dollar . If true , it won't be vacant long ...... I hope .

PS , I saw your map of Camden . The only place large enough for 155,000 sq. ft.
or more would have been at the old New York Ship building location on south
Broadway but I believe that spot is already occupied by another large company .
" IF " Subaru does move out of Cherry Hill , ( even with tax incentives ) I doubt
it would be the direction , in which they will go ..............
You do understand they would be moving into new construction, right? Not an existing building. The exact reason they are leaving Cherry Hill is because their current digs are outdated.

They want brand new construction. Whether they locate to the Campbells site in a build to suit new construction building or elsewhere in Camden, there is PLENTY of space in new construction.
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  #5794  
Old Posted Dec 5, 2014, 2:00 AM
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Originally Posted by PhillySteaks View Post
Anyone know what the Cap/Discount rates were for 1515 Market? Reis has the Center City office market pegged at a 9% cap which is pretty astonishing considering Uniondale Long Island is 8%. Anyone know what 1515 market got?
Anyone know what a cap rate is? Sheesh
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  #5795  
Old Posted Dec 5, 2014, 4:12 AM
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Originally Posted by shadowbat2 View Post
Did you see any activity inside (workers coming/going)? I ask because I know the buildings were in that gutted/stabilized condition for at least two years AFAIK.

Those buildings (the former AJAX Metals factory) was such an awesome place to explore and fool around in several years back (like 2009 2010) Place was busted wide open with graffiti etc. I have to dig up the photos I took of the inside before they sealed it up and gutted it.

I could not believe at the time that the property would be purchased by someone actually wanted to take the time and effort to refurbish each and every component, while any other developer would have simply demolished the site to build anew. This is why it really pisses me off to no end this select group of "angry neighbors" have been taking legal action to delay/stop the project. Who wants to guess that these people moved in here from the suburbs too.

This developer actually had some pretty cool plans for a whole bunch of buildings along this stretch including uncovering a waterway that was buried under Canal Street (hence the source of it's name) I don't know what is up with these plans now....

I'll def try to check out the progress if I am able to make it to the site tomorrow before sundown LOL. I'm just glad the developer has the perseverance to put up with this crap for years on end....

Sorry for ranting like this haha....I had been keeping tabs on this situation for a bit and it was really making my blood boil....
Thats an affirmative. I have seen workers on site many times. There is a crane that has been used to load roofing materials and window frames. This was an ugly building full of rust and graffiti. There is still some rusted spots but all graffiti has been removed during the gutting. The work is very visible from 95.
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  #5796  
Old Posted Dec 5, 2014, 10:09 AM
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17th and Chancellor on Hold

http://www.philly.com/philly/business/Bill_allowing_hotel_at_17th_and_Chancellor_put_on_hold.html

Boo! "He also said that some people were concerned about the fate of Little Pete's." There was less outrage about closing libraries and pools than for Little Pete's.
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  #5797  
Old Posted Dec 5, 2014, 1:24 PM
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Originally Posted by Flyers2001 View Post
http://www.philly.com/philly/business/Bill_allowing_hotel_at_17th_and_Chancellor_put_on_hold.html

Boo! "He also said that some people were concerned about the fate of Little Pete's." There was less outrage about closing libraries and pools than for Little Pete's.
Philly is an odd place.
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  #5798  
Old Posted Dec 5, 2014, 1:36 PM
1487 1487 is offline
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Originally Posted by Flyers2001 View Post
http://www.philly.com/philly/business/Bill_allowing_hotel_at_17th_and_Chancellor_put_on_hold.html

Boo! "He also said that some people were concerned about the fate of Little Pete's." There was less outrage about closing libraries and pools than for Little Pete's.
I dont know much about little pete's but I know i'd rather see a hotel there.
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  #5799  
Old Posted Dec 5, 2014, 1:37 PM
Philly Fan Philly Fan is online now
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Originally Posted by Flyers2001 View Post
http://www.philly.com/philly/business/Bill_allowing_hotel_at_17th_and_Chancellor_put_on_hold.html

Boo! "He also said that some people were concerned about the fate of Little Pete's." There was less outrage about closing libraries and pools than for Little Pete's.
However, based on the entire article, it appears that wasn't the main or decisive reason for the bill being pulled. It apparently was the pending labor-management issues that need to be resolved. I suspect that concern over the fate of Little Pete's, alone, would not have caused this delay (especially given that one of this project's developers has made significant campaign donations to Johnson ).
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  #5800  
Old Posted Dec 5, 2014, 1:50 PM
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I dont know much about little pete's but I know i'd rather see a hotel there.
[IMG]http://[url=https://flic.kr/p/pSniRS][/url]Little Pete's by TallCoolOne2014, on Flickr[/IMG]
[IMG]http://[url=https://flic.kr/p/pC6Cza][/url] by TallCoolOne2014, on Flickr[/IMG]
[IMG]http://[url=https://flic.kr/p/pC8C2f][/url] by TallCoolOne2014, on Flickr[/IMG]
[IMG]http://[url=https://flic.kr/p/pC6ziR][/url] by TallCoolOne2014, on Flickr[/IMG]

Just another greasy spoon. I know - its got character and the locals and late night servers and bartenders and 21 yr olds love it at 3am piss drunk, but yeah - build the damn hotel.
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