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Freeholder Jeff Nash joined Camden Mayor Frank Moran, Senator Nilsa Cruz-Perez and other community leaders on April 20, 2018 to celebrate the start of 11 Cooper apartments at a groundbreaking ceremony hosted by CP Residential.
The $48 million residential development will bring 156 new rental homes to the Camden waterfront in an environmentally conscious, amenity-rich mid-rise building, according to a media release.
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“The investment of private capital is critical to Camden’s future because it helps create jobs for city residents and newcomers alike,” said Freeholder Nash. “These new market rate apartments are a major step forward in Camden’s progress and a clear sign its future is brighter than it has been in decades.”
The first newly constructed market-rate apartment building to be developed on Camden’s waterfront in 15 years, 11 Cooper will offer both market-rate and affordable apartment homes to new families and young professionals looking to join the city’s growing workforce.
CP Residential, which owns 11 Cooper, is a partnership between three The Michaels Organization, NFI, and Conner Strong & Buckelew. The same three firms have announced they will be moving their headquarter offices to the Camden Waterfront, in an office tower that is currently under construction just steps away from the 11 Cooper apartment community.
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11 Cooper will offer 156 modern apartments, in a mix of studios, one- and two-bedroom layouts, in the heart of the city’s booming waterfront district adjacent to The Ben Franklin Bridge. Twenty percent of the apartments will be designated as affordable for those earning 80 percent or less of the area’s median income. 11 Cooper will incorporate the latest green technology, high-end building materials and energy efficiency.
Planned amenities include a residential lobby with 24/7 concierge services, a business center, bike storage, a fitness center, and club room with adjacent roof-top terrace. On-site parking will accommodate more than 190 cars. The spacious apartments will feature stainless steel appliances, quartz countertops, and spa-inspired bathrooms. Each residence will have its own in-unit washer and dryer. In addition, 11 Cooper will offer 5,000 square feet of street-level retail space, fronting Cooper Street.