Tuesday, May 28, 2019

NJ Looks to Redevelop Former Prison Site in Camden

by John Jordan Globest.com
The New Jersey Economic Development Authority has released a Request for Qualifications for the purchase and development of the former Riverfront Prison site on the Camden Waterfront.
The riverfront property boasts views of the Philadelphia skyline and approximately 8.75 acres of prime developable land as well as close proximity to a newly-established public park. The former prison site is a prime location for new commercial or mixed-use development, state officials note.

Submissions will be publicly opened on Sept. 18, 2019 at the 36 West State St. at 2 p.m.
The RFQ states that to ensure the new development benefits the local community, redevelopment proposals must preserve the public park and include a description of how the proposed use will be consistent with the North Camden Waterfront Study Area Redevelopment Plan that calls for the creation of a vibrant, mixed-use district. The plan’s vision also looks for new projects to provide new opportunities for riverfront recreation, attract sustainable development, while connecting existing residential neighborhoods to the waterfront.

“Gov. Murphy’s economic development strategy is focused on making investments in New Jersey’s communities, particularly our cities, where investment is needed most,” NJEDA CEO Tim Sullivan says. “Redevelopment of the former prison site in Camden is a critical step in realizing the vision articulated in the North Camden Waterfront Study Area Redevelopment Plan and we are excited to be advancing this project via a process that will prioritize local input and stakeholder engagement.”

NJEDA states that once the RFAs are opened in September, the EDA will establish a shortlist of eligible respondents and then issue a bid package to eligible respondents and accept sealed bids.
If necessary, the EDA will issue and accept best and final offers. The final sale and development will be subject to various approvals, including the New Jersey Department of the Treasury, the EDA Board, and the State House Commission.

According to the RFQ documents, the NJEDA has scheduled to issue a first round sealed bid package for the Riverfront Prison site on Nov. 1, 2019. A final sale of the property is scheduled for April 2020.

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