Camden Parking Authority to redevelop prime real estate downtown
The Camden Redevelopment Agency passed a resolution Wednesday agreeing to transfer the large lot across from across the street from Camden City Hall to the Parking Authority of Camden City for redevelopment. A new Rutgers nursing school building will likely be part of the transformation fo that block. The land was sold for $1.2 million.
The lot across from across the street from Camden City Hall, which is used mainly for city employee parking, will be redeveloped by the Parking Authority of Camden City.
A resolution authorizing the Camden Redevelopment Agency, which owns most of the Block 175 land, to enter into a redevelopment and purchase agreement with the parking authority was approved at Tuesday's redevelopment agency Board of Commissioners meeting.
The agency is selling the prime real estate, along with a few other properties near downtown, for $1.2 million, a reduced price since it is one public agency selling to another public body, said redevelopment executive director Saundra Ross Johnson. The CRA parcels in Block 175 are valued at close to $4 million, according to property tax records.
The parking authority is proposing a new academic/retail/office/residential building along with parking facilities. The building could be the site of the future Rutgers nursing school, Ross Johnson said.
Last I checked with Rutgers, about two weeks ago, they had no yet decided on a site but Block 175 was one of their options.
The acquisition and redevelopment plan for Block 175 is part of a larger plan to start blending the Rutgers-Camden campus and downtown area, both of which are north of Martin Luther King Jr. Boulevard, with the Cooper University Hospital and Rowan medical science district area on the south side of MLK boulevard. For more details on those plans, check out my story HERE.