ERROR: Macro njDefaultArticleHeader is missing!

Grapevine

Grapevine: 'Fireworks' over Camden? We're told it's coming soon

Back to Top Comments Email Print

Latest News

Marcus & Millichap complete sale of $1.22 apartment building

By Emily Bader
October 23, 2017 12:50 PM

Marcus & Millichap announced recently the sale of a multifamily property in West New York for $1.22 million, according to Brian C. Hosey, regional manager of the firm's New Jersey office. CONTINUE READING

Peapack-Gladstone Bank appoints SVP, capital markets

By NJBIZ STAFF
October 23, 2017 12:57 PM

Bedminster-based Peapack-Gladstone Financial Corp. and Peapack-Gladstone Bank announced a new member to the team of private bankers at Peapack Capital, a subsidiary of of the bank which focuses on equipment finance and leasing. CONTINUE READING

advertisement

Hampshire Cos. opens storage facility in Westwood

By Mario Marroquin
October 20, 2017 11:16 AM

The Hampshire Companies and Westwood Realty recently celebrated the ceremonial ribbon cutting of its 37 Extra Space Storage facility in Westwood. The facility, a 100,000-square-foot, 916-unit self storage property located at 15 Madison Ave., was opened by Westwood Mayor John Birkner Jr. and Council President Chris Montana. CONTINUE READING

Marcus & Millichap completes multifamily property sale in Camden

By Mario Marroquin
October 20, 2017 10:27 AM

Commercial brokerage Marcus & Millichap recently announced it has completed the sale of a 392-unit multifamily property in Camden. CONTINUE READING

Gebroe-Hammer arranges apartment community sale in Belmar

By Mario Marroquin
October 19, 2017 12:49 PM

Commercial real estate brokerage Gebroe-Hammer Associates recently announced it completed the sale of a 30-unit garden-style apartment community in Belmar. CONTINUE READING

Mountainside-based Clearlogin acquired by Pa.-based Evolve IP

By Arthur Augustyn
October 19, 2017 01:14 PM

Pennsylvania-based cloud computing company Evolve announced its acquisition of Mountainside-based Clearlogin on Thursday. CONTINUE READING

Valley National Bank appoints EVP, CHRO

By Emily Bader
October 19, 2017 11:34 AM

Valley National Bank, the wholly-owned subsidiary of Valley National Bancorp, announced Tuesday it has appointed Yvonne M. Surowiec to executive vice president – chief human resources officer. CONTINUE READING

advertisement

For months now, word has been circulating that a major project is on its way to Camden.

Let's be honest: For years now we've been hearing that big things are about to happen in Camden.

The Philadelphia Business Journal added a little gas to the fire two weeks ago with a story reportedly naming Brandywine Realty Trust (though they declined to comment) as the developer for Campbell Soup Co.'s long-awaited Gateway Office Park project.

Roughly 2 million square feet, more than 100 acres, a brand new PATCO station, office space rents starting at $4 a square foot — all supposedly, just maybe, coming soon to an EDA meeting near you.

It sounds like the kind of project the Economic Opportunity Act was built for.

But when the agenda for last Friday's EDA meeting was finally posted toward the middle of last week, there was yet again, no sign of a Camden mega-project. Per policy, the EDA can't comment on whether there's anything pending from Brandywine or Campbell's in the near future, NJBIZ was then told.

As of this writing, the agenda remains unchanged.

Alas, patience is a virtue. But as one source optimistically put it, a “number of projects” are on their way to Camden and at this point, it's more so a matter of when, rather than if.

“We're going to see some fireworks coming out of Camden,” the source said.

As many predicted at the start, Camden could be a hotbed for activity in the wake of the new incentives law. The source said that appears to be on its way to reality.

“It's been awesome,” the source said.

New leadership in Newark shouldn’t stunt city’s growth

In what many have perceived as a true end to the Cory Booker-era in Newark, the city voted to elect South Ward Councilman Ras Baraka as its new mayor last week.

Baraka, a famously staunch critic of Booker, ran against former Assistant State Attorney General Shavar Jeffries and won by a cool 53 percent to 46 percent margin.

Both candidates sat down with NJBIZ back in March to talk economic development in the city, with Baraka noting that the biggest misconception out there of him is that he is “anti-business.”

“That's the biggest lie,” he told us.

One source that followed the election believes him and said that ultimately, “Newark is going to fare just fine.”

“Beyond all the campaign rhetoric that's been out there, every mayor knows that at the end of the day … he's got to grow his top line,” the source said.

One thing to watch will be efforts to revitalize the city outside of its immediate downtown and into its neighborhoods and major commercial corridors, the source said.

The source said that if the rest of the city's wards are lagging behind the few blocks in the central business district, “then the downtown is never going to achieve its ultimate potential.”

A good example of how to do it, according to the source, is currently going on in Jersey City under Mayor Steven Fulop. There, it's no longer just about the waterfront, but also Journal Square, the Heights and other areas.

“I think what he did was brilliant … I think it's a great approach,” the source said of Fulop.

And for what it's worth, Fulop was a main backer of Baraka's in the run-up to last week.

Grapevine reports on the behind-the-scenes buzz in the business community. Contact Editor Tom Bergeron at tomb@njbiz.com.

Share This Story On:

Grapevine: 'Fireworks' over Camden? We're told it's coming soon

Back to Top Comments Email Print

Latest News

advertisement

For months now, word has been circulating that a major project is on its way to Camden.

Let's be honest: For years now we've been hearing that big things are about to happen in Camden.

The Philadelphia Business Journal added a little gas to the fire two weeks ago with a story reportedly naming Brandywine Realty Trust (though they declined to comment) as the developer for Campbell Soup Co.'s long-awaited Gateway Office Park project.

Roughly 2 million square feet, more than 100 acres, a brand new PATCO station, office space rents starting at $4 a square foot — all supposedly, just maybe, coming soon to an EDA meeting near you.

It sounds like the kind of project the Economic Opportunity Act was built for.

But when the agenda for last Friday's EDA meeting was finally posted toward the middle of last week, there was yet again, no sign of a Camden mega-project. Per policy, the EDA can't comment on whether there's anything pending from Brandywine or Campbell's in the near future, NJBIZ was then told.

As of this writing, the agenda remains unchanged.

Alas, patience is a virtue. But as one source optimistically put it, a “number of projects” are on their way to Camden and at this point, it's more so a matter of when, rather than if.

“We're going to see some fireworks coming out of Camden,” the source said.

As many predicted at the start, Camden could be a hotbed for activity in the wake of the new incentives law. The source said that appears to be on its way to reality.

“It's been awesome,” the source said.

New leadership in Newark shouldn’t stunt city’s growth

In what many have perceived as a true end to the Cory Booker-era in Newark, the city voted to elect South Ward Councilman Ras Baraka as its new mayor last week.

Baraka, a famously staunch critic of Booker, ran against former Assistant State Attorney General Shavar Jeffries and won by a cool 53 percent to 46 percent margin.

Both candidates sat down with NJBIZ back in March to talk economic development in the city, with Baraka noting that the biggest misconception out there of him is that he is “anti-business.”

“That's the biggest lie,” he told us.

One source that followed the election believes him and said that ultimately, “Newark is going to fare just fine.”

“Beyond all the campaign rhetoric that's been out there, every mayor knows that at the end of the day … he's got to grow his top line,” the source said.

One thing to watch will be efforts to revitalize the city outside of its immediate downtown and into its neighborhoods and major commercial corridors, the source said.

The source said that if the rest of the city's wards are lagging behind the few blocks in the central business district, “then the downtown is never going to achieve its ultimate potential.”

A good example of how to do it, according to the source, is currently going on in Jersey City under Mayor Steven Fulop. There, it's no longer just about the waterfront, but also Journal Square, the Heights and other areas.

“I think what he did was brilliant … I think it's a great approach,” the source said of Fulop.

And for what it's worth, Fulop was a main backer of Baraka's in the run-up to last week.

Grapevine reports on the behind-the-scenes buzz in the business community. Contact Editor Tom Bergeron at tomb@njbiz.com.

Share This Story On:
advertisement

Comments


Be the first to comment.



Please note: All comments will be reviewed and may take up to 24 hours to appear on the site.

Post Comment
     View Comment Policy
advertisement
ERROR: Macro defaultSidebar is missing!
ERROR: Macro footer_top is missing!
Back to Top