On Monday Camden Mayor Frank Moran, The Michaels Organization Chief Executive Officer John O’Donnell, and Camden County Freeholder Jeff Nash joined with the Camden community to celebrate the opening of 11 Cooper, a $48 million mixed-use building offering the first market-rate apartments in the city in 15 years.
Thirty-one of the 156 new rental homes will be designated as affordable housing for those living at or below 80 percent of the area median income, and 5,000 square feet of retail space will be provided at the street level fronting Cooper Street.
All units will be housed in an environmentally conscious, amenity-rich mid-rise building, with about 50 percent of the building’s apartments already leased and the first residents scheduled to move in this week.
Amenities in the building include a residential lobby with 24/7 concierge services, a business center, bike storage, a fitness center, and club room with an adjacent roof-top terrace. Art by local artists will be featured in all of the building’s common areas, and on-site parking will accommodate more than 190 cars. The apartments feature stainless steel appliances, quartz countertops, and spa-inspired bathrooms, with each residence having its own in-unit washer and dryer.
11 Cooper is owned by CP Residential, a partnership between Conner Strong & Buckelew, NFI, and The Michaels Organization, with Michaels also serving as developer and property manager. The CP Residential team also included Torcon as general contractor, JKRP Architects, and Pennoni Engineers.
Michaels is currently in the process of hiring on-site staff for the building, and so far, six of the eight employees it has hired are Camden residents.
11 Cooper is one of several recent housing investments by The Michaels Organization in Camden. The company recently broke ground for additional affordable housing options at Branch Village Townhomes and Cooper Plaza Townhomes, where their collective 136 units will remain 100 percent affordable, serving families earning 60 percent or less of the area median income.