New Plans for Old Pennsauken Mart Site – Apartments and Maybe Retail
PENNSAUKEN, N.J. November 24, 2016 — When the Pennsauken Mart was demolished nearly a decade ago, there were grand plans for the site of the South Jersey shopping landmark.
Maybe a minor-league ice hockey rink, or a conference center, or luxurious condos and townhouses. Those plans never materialized, and for years, the once-promising site remained vacant, covered only with weeds.
Now, a newly installed billboard on the property advertises an apartment project for “Haddon Point” as coming soon. This redevelopment proposal appears close to reality. A Burlington County developer acquired the property this year, and Pennsauken has given preliminary approval.
“It’s long overdue,” said Camden County Freeholder Director Louis Cappelli Jr. “We’re very excited about the redevelopment finally taking place.”
“Construction is expected to begin early next year for the first phase, which calls for 240 units in 10 buildings,” said Tom Juliano, President of Delco Development of Willingboro. The firm, which specializes in distressed properties, completed the sale of the Willingboro Town Center in 2015.
The Burlington County builder reached a $6.2 million deal in April with the Camden County Improvement Authority to obtain the 35-acre lot at Routes 130 and 73. The Pennsauken planning board on Tuesday approved the first phase of construction. Each building will have three stories. The gated complex will include a clubhouse, a recreation center, a pool, fire pits, and barbecue grills.