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Originally Posted by giantSwan
does anyone think this project will spur a lot more growth in camden?
is it time to start investing in property in camden - or too soon?
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If I had the equity and the necessary leverage, I would start buying and rehabbing rowhomes in the Lanning Square neighborhood. With proximity to this new project, the River Line, the Cooper Medical Campus, and Rutgers (somewhat), there are multiple segments within the market that I could market properties to. The big problem with Camden, is that the downtown area is full of not only surface parking lots, but large superblocks. This creates somewhat of a barrier between the established Cooper Grant neighborhood, which is where Rutgers-Camden is located, and other amenities. Once development fills these spots, Cooper Grant and Lanning Square won't feel so far apart.
I'm not well-versed in Camden's zoning code, so I won't comment on ground-up developments; however, I think market conditions are becoming favorable for rehabbing.