Plans for a developer to build a large commercial and residential development on the Camden, New Jersey waterfront, including a hotel, are in the works.
The property near the aquarium has long been the focus of development efforts by Steiner & Associates.
The Ohio developer owns the aquarium and has been looking to develop the area for more than a decade.
Camden County Freeholder Louis Cappelli Jr. said in a statement Thursday that the project could bring more residents to Camden and raise real estate values.
“This type of project proves that Camden is a smart investment and is ready for the next phase of its revitalization,” Cappelli said. “We are experiencing a historic economic recovery in Camden City. There are currently hundreds of millions of dollars in private investments committed to Camden that will result in tens of thousands of new jobs.”