Camden City: Campbell’s Expansion Will Proceed
CAMDEN, NJ-Campbell Soup Co. is set to move forward with its headquarters expansion and the development of a surrounding business campus in this city’s Downtown. The plans signal the company’s intention to keep its headquarters here, where it’s been since 1869.
Plans were initially announced a year ago, but stalled over density issues for the 100-acre site and a proposal to demolish the former Sears building. The latter has not been occupied by Sears since the early 1970s, but is considered a local landmark.
The anchor for the proposed redevelopment remains intact--under a revised project development agreement with the state, city and Camden Redevelopment Agency, a new 80,000-sf employee services building for Campbell, with an estimated price tag of $72 million, will rise on 40 acres. But the proposed office park has been scaled back from 500,000 sf to 200,000 sf. Campbell will also kick in $23 million toward infrastructure improvements.
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