$50M tax credit for Camden mixed-use project advances

TRENTON – The city of Camden may soon get a new supermarket.

The Economic Development Authority approved a 10-year, $50.3 million Urban Transit Hub Tax Credit for Haddon Avenue UTH LLC, which is planning a mixed-use project near the Ferry Avenue PATCO station.

The project, which costs more than $76 million,  calls for 66,000 square feet of retail space, of which 55,000 square feet will be for a grocery store. The proposed tenant is The Fresh Grocer, a regional grocery retailer.

Having a supermarket in the poverty-plagued city, which more often than not makes headlines for its rampant crime than for its ambitious redevelopment efforts, would fill a big void. The federal Agriculture Department has labeled Camden a food desert, or an area where access to fresh or nutritious food is difficult, if non-existent.

The mixed-use project also calls for 34,000 square feet of office space, which would be used by Our Lady of Lourdes Care Services, and 245,000 square feet of parking, amounting to 700 spaces.

Future projects include 80,000 square feet of industrial space and 115 housing units, the EDA said.

Construction of the project will begin in March 2013, with completion by April 2014.

The project will add 37 full-time jobs, and 205 new part-time jobs. Also, 120 employees working for Our Lady of Lourdes will be relocated there, the EDA said.

$50M tax credit for Camden mixed-use project advances