The Camden Waterfront a Liberty Property Trust Development the Future on the Horizon
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The Camden Waterfront A Liberty Property Trust Development The Future on the Horizon Camden is a dynamic city, evolving from a proud history of innovation. The birthplace of renowned poet Walt Whitman boasts an influential legacy, including the first recording studios in the United States, one of the first railroad lines in the country, the world’s first commercial nuclear-powered ship, and the largest and most productive shipyard in the world at its peak. Today, more than 2,000 employees work, 7,000 students study, and millions of tourists visit the core of the invigorated city where more than $2 billion of investment is underway. The future of Camden continues to hold great promise as one of the nation’s leading developers, Liberty Property Trust, builds a 20-acre, mixed-use development called The Camden Waterfront in an unprecedented location. In the last few years, several world-class corporations have chosen to grow in the City of Camden: n The Philadelphia 76ers opened a new headquarters and practice facility n Holtec International’s headquarters and manufacturing complex is underway n Subaru of America is constructing a new corporate headquarters adjacent to the global headquarters of the Campbell’s Soup Company n Both the Rutgers University - Camden School of Nursing and Science and the Rowan University & Cooper Health Sciences Campus are expanding n American Water will move to its new corporate headquarters in The Camden Waterfront by Fall 2018 The Camden Waterfront presents a limited opportunity to become part of a community while changing a skyline. CAMDEN RIVERLINE NJ PATCO RIVERLINK FERRY BUS ROUTES SHUTTLE BUS ROUTE N E W S TO 76 W/E BENJAMIN FRANKLIN BRIDGE OLD CITY N. FRONT STREET PHILADELPHIA camden waterfront VINE ST CAMDEN R TO 130, 38, D PENN’S LANDING MARKET STREET COOPER STREET E 70 & 295 D I S R E V I R DOWNTOWN FEDERAL STREET DR. MAR TIN LUTHE R KING BOULEVARD TO 295 & 76 W/E TO 76 W/E BENJAMIN FRANKLIN BRIDGE Strategically Located OLD CITY n N. FRONT STREET Easily accessible to interstates I-95, I-676, I-76, and I-295 PHILADELPHIA n VINE ST Convenient access to other major roadways, including SR-130, SR-38, and SR-70, as well as Philadelphia International Airport and 30th Street Station (Amtrak) n Public transportation via PATCO Speedline, NJ Transit River LINE, and RiverLink Ferry, as well as Walter Rand Transportation Center and City Hall Station CAMDEN n Dedicated pedestrian and bicycle paths and the Benjamin Franklin Bridge, supporting thousands who drive, walk, and bike between the City of Camden, Greater Camden County, and Center City Philadelphia R TO 130, 38, D PENN’S LANDING MARKET STREET COOPER STREET E 70 & 295 D I S R E V I R DOWNTOWN FEDERAL STREET DR. MAR TIN LUTHE R KING BOULEVARD TO 295 & 76 W/E Vibrant Mixed-Use Waterfront Community The Camden Waterfront will be a walkable, mixed-use urban neighborhood. Master-planned by Robert A. M. Stern Architects and master-developed by Liberty Property Trust, The Camden Waterfront will transform one of the most strategically located and underutilized sites in the region into a vibrant live-work-play community featuring: n State-of-the-art corporate office space n Contemporary, high-quality residential communities n A modern hotel n Neighborhood retail and restaurants n Extensive network of parks, recreational spaces and waterfront trails G OFFICE C J RESIDENTIALB E HOTEL F DELAWARE RIVER N WATERFRONT P ARK PROPOSED WATER ST. BEN FRANKLIN BRIDGE R4 77 WATER STREET ONE WATER STREET ONE FERRY PENN PARKING TERMINAL PROPOSED VICTOR PL. STREET PARKING BUILDING ADVENTURE AQUARIUM ONE ONE PARKING VICTOR RIVERSIDE PLACE DRIVE TWO PENN STREET ONE COOPER STREET RIVERSIDE DR . COOPER PENN MARKET ARCH ST . ST ST ST . PARKING PEARL ST RESIDENTIAL 11 COOPER STREET . DELAWARE AVE. LINDEN N . 0 10050 ST G C J B E F DELAWARE RIVER N The Camden Waterfront Neighborhood Master Site Plan WATERFRONT P ARK PROPOSED WATER ST. 77 Water Street 50,000 RSF office build-to-suit option BEN FRANKLIN BRIDGE R4 77 WATER STREET ONE WATER STREET Two Penn Street 50,000–90,000 RSF office build-to-suit option ONE FERRY PENN PARKING TERMINAL PROPOSED VICTOR PL. STREET PARKING BUILDING One Victor Place 90,000 RSF office build-to-suit option ADVENTURE AQUARIUM One Penn Street 250,000–750,000 RSF office build-to-suit option ONE ONE PARKING VICTOR RIVERSIDE One Water Street American Water headquarters PLACE DRIVE TWO PENN STREET ONE COOPER STREET One Riverside Drive Camden Partners building RIVERSIDE DR . COOPER PENN MARKET 11 Cooper Street 156 residential apartments ARCH ST . ST ST ST R4 Waterfront townhomes . PARKING One Cooper Street Hilton Garden Inn hotel PEARL ST RESIDENTIAL 11 COOPER STREET . DELAWARE AVE. Build-to-suit options can be tailored to meet each company’s needs. LINDEN N . 0 10050 ST P otential Built-to-Suit Concept Designed by DIGSAU Architects Potential Built-to-Suit Concept Designed by Kelly/Maiello Architects P otential Built-to-Suit Concept Designed by Robert A.M. Stern Architects Potential Built-to-Suit Concept Designed by Foster + Partners The Camden Waterfront Park An expanded and improved Waterfront Park will be designed by Michael Van Valkenburgh Associates Residential n 156-unit modern apartment community n Designed by JKRP Architects n Featuring Wi-Fi Alliance-Certified Smart Homes and ground-level retail ® n Planned to meet requirements of LEED Silver Certification Hotel n 180-room Hilton Garden Inn n Designed by Cope Linder Architects n Featuring a full-service restaurant and conference space ® n Planned to meet requirements of LEED Silver Certification American Water The American Water development is the first project in The Camden Waterfront. The 220,000 square foot headquarters building will host nearly 700 employees and opens in late 2018. Liberty Property Trust For more than four decades, Liberty has been evolving city skylines as a preeminent commercial developer. From the development of its first project in 1972 to today, Liberty continues to build a portfolio of groundbreaking projects such as Comcast Center, Liberty Place, Cambridge Biomedical Campus, The Navy Yard, The Camden Waterfront, Great Valley Corporate Center and the Comcast Technology Center. Understanding buildings from the ground-up gives Liberty teams the insight to provide solutions today, tomorrow and over the long term. Liberty will develop each office building on The Camden Waterfront to feature: n Abundant daylight n Sustainable, high-performance elements n Flexible workspace areas CORE STRENGTHS n Dramatic views of the river, Philadelphia skyline, n Site Selection and Benjamin Franklin Bridge n Visioning & Project n Fun outdoor space Conceptualization n Planning & Urban Design Liberty is passionate about working with each client n Project Budgeting to develop successful office buildings that attract and n Budgeting Management retain the workforce of the future. n Schedule Management n Stakeholder Communication n Building Trust Partnership We have relied on our partnership with Liberty “time and time again for a wide range of solutions involving myriad operations, different types of facilities, and diverse locations. No matter what “ the project, Liberty has brought creative thinking and exceptional execution to the process. Deirdre Connelly President, North America Pharmaceuticals, GSK GlaxoSmithKline PARTIAL CLIENT LIST American Water CEVA Verizon Wireless Comcast Progressive Sanofi Vanguard Express Scripts DeVry University GlaxoSmithKline Reed Technology Yellowbook Uline United Health Group GMAC Aetna Liz Claiborne Federal Express Dial LTD Commodities CIGNA Centocor Amazon General Electric SunGard PHH Hewlett-Packard PNC Bank SuperValu UPS Capital One URS Drexel University Siemens Grow New Jersey Business Tax Incentive Program Grow NJ is a powerful job creation and retention program helping qualified companies succeed in New Jersey. Within the Grow NJ program, Camden is designated as a Garden State Growth Zone (GSGZ). As such, substantial tax benefits are available to qualified investors in Camden: n All industries eligible, with bonuses available for target industries n Camden projects may qualify for the highest levels of economic tax incentives n Corporate business and insurance premium tax credits available up to 10 years n Base tax credit award is $5,000 per full-time job per year for up to 10 years in Camden n Gross tax credit award including bonuses is $15,000 per full-time job per year for up to 10 years in Camden n Capital investment definition in Camden can include all development, redevelopment and relocation costs n Approved incentive amounts based on net benefits test for New Jersey n Unused tax credits transferable and saleable at a discount Example: For a business looking to relocate 1,500 employees into 300,000 SF of office space GSGZ incentives $11,750 per job per year $11,750 x 1,500 jobs x 10 years $5,000 base amount + $6,750 in bonuses* = $176,250,000 tax incentive credit For more information on the NJ Grow Program in Camden, please visit the New Jersey Economic *Businesses should consult with the NJEDA to determine their Development Authority (NJEDA) website: http://www.njeda.com/pdfs/GSGZ_Camden.aspx maximum tax credit eligibility. Grow New Jersey Business Tax Incentive Program Grow NJ is a powerful job creation and retention program helping qualified companies succeed in New Jersey. Within the Grow NJ program, Camden is designated as a Garden State Growth Zone (GSGZ). As such, substantial tax benefits are available to qualified investors in Camden: