Despite its location directly across the Delaware River from Center City Philadelphia, and the city’s access to an expansive public transportation network, Camden has largely not seen a noticeable increase in newly constructed residential offerings in recent years. Though just over the Ben Franklin Bridge in the City of Brotherly Love, development has been booming for the last decade and there has been an increase in population, Camden’s population is currently its lowest in over a century.
Now, developers are increasingly interested in Camden. Plans have recently been filed to construct a new residential project right in the heart of the city. City records show that a building with 30 apartments has been proposed for 209-211 Market Street, between North 2nd Street and North 3rd Street, near the campus of Rutgers University-Camden. Developer Steven Munoz has applied to the Camden Zoning Board of Adjustment for site plan approval with a variance for the project.
The property has long contained vacant lots, which were acquired by Philadelphia-based Market West II, LLC for a combined $350,000 in 2006, according to NJ Parcels records.
Residents will be situated at one of the most convenient locations in the Delaware Valley, since the site is within close walking distance of the Camden Waterfront, the Ben Franklin Bridge pedestrian walkway, the RiverLink Ferry to Penn’s Landing in Philadelphia, the Cooper Street/Rutgers Station on the River Line Light Rail to Trenton, the City Hall Station on the PATCO Speedline to Philadelphia and suburban Camden County, and NJ Transit bus service.
