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Three S. Jersey firms to build $245 million office tower in Camden

Three South Jersey companies seeking to move to Camden, including the insurance brokerage led by Democratic power player George E. Norcross III, on Thursday got approval from the state Economic Development Authority for tax incentives worth $245 million.

Conner Strong & Buckelew, based in Marlton, along with the Michaels Organization and NFI plans to build a $245 million, 18-story office tower on the waterfront as part of a development project already underway. According to the proposal, the completed building would be the tallest structure on the waterfront.

The proposal includes a piazza that would overlook the Delaware River with views of the Philadelphia skyline. It would move almost 900 existing jobs into Camden and could be ready for occupancy by August 2019.

The firms bought the Ferry Terminal Building on the waterfront last year, and may invest up to an additional $100 million in building apartments and a hotel planned there, according to the statement released last week.

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http://www.philly.com/philly/news/ne...-Norcross.html