Fewer residences and parking spots, and a lower price
tag, but two new streets highlight the updated plans.
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.
Source: Philly
Mag
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