The joint venture behind a high-profile office tower in Camden has unveiled another piece of its waterfront redevelopment – a $48 million, 156-unit luxury apartment building.
The firms – The Michaels Organization, NFI and Conner, Strong & Buckelew – said Wednesday that they had closed on the development deal for the planned rental community. Slated to be environmentally conscious and amenity-rich, the midrise building is among the first market-rate apartment communities to be developed in Camden in years.
As such, the joint venture known as CP Residential GSGZ LLC touted it as another sign of the city’s resurgence. The building will be known as 11 Cooper and feature layouts ranging from studios to two-bedrooms, with 20 percent of the units set aside for those earning 80 percent or less of the area’s median income.
Construction is already underway, while occupancy is slated for April 2019.