CFDA has coordinated closely with Dranoff Properties as it spearheaded its newest project in Camden, the Radio Lofts. Directly adjacent to the Victor Building, and with remarkable views of the restored Johnson Park, the project will take a historically significant RCA Victor building and transform it into 86 spectacular, luxury loft condominiums that will serve as a residential anchor for the renaissance of the Camden Waterfront. Radio Lofts represents the second landmark residential community to be created by Dranoff Properties on the Camden Waterfront. As with the Victor Lofts and the upcoming Cooper's Crossing project, CFDA will continue to assist the private and public sector with the overall infrastructure planning and implementation as well as technical assistance with environmental investigations/remediation, financing, and project approvals.
Developed by Dranoff Properties, The Victor Building is a residential re-use of the historic RCA Nipper Building. Once the headquarters of RCA Victor, the building is now home to 341 luxury waterfront loft apartments. CFDA recruited noted Philadelphia residential developer Carl Dranoff to undertake the project. CFDA worked with Dranoff Properties to first negotiate with NJ Department of Environmental Protection and then to oversee an $8 million remediation of the historic Nipper Building, which was funded by the Delaware River Port Authority. The clean-up resulted in a "No Further Action" letter that allowed the project to be financed and constructed. The renovation of The Victor Building was completed in 2004 at a cost of $60 million.
In 2004, CFDA utilized Green Acres funding to construct a new community park in the Cooper Grant neighborhood. Rutgers Community Park includes a playground and soccer field, and is utilized by residents of the neighborhood and the athletic teams of Rutgers University.
Utilizing grant funds secured from the Economic Recovery Board (ERB), CFDA completed the second phase of streetscape improvements and utility replacements for the Interior Gateway in 2005. The second phase of improvements focused on a few distinct projects in the City’s downtown neighborhood and Cooper Grant neighborhood. The cost of the project was $3.2 million.
Completed in 2006, the Penrose Townhouses surround Johnson Park in the Victorian-era Cooper Grant neighborhood. CFDA aided in the construction of the single-family, market-rate units by completing infrastructure street projects, including the construction of a new road network called Centennial Avenue. CFDA’s efforts in upgrading the street surfaces and underground sewer systems enabled the new construction to proceed.
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