American Water Breaks Ground on New Corporate Headquarters on The Camden Waterfront
February 27 2017 - 12:30PM
Business Wire
American Water Works Company, Inc. (NYSE: AWK), the largest
publicly traded U.S. water and wastewater utility company, held a
groundbreaking ceremony today for the company’s new headquarters at
One Water Street on The Camden Waterfront. When completed in late
2018, the five-story, 220,000 square foot facility will house more
than 600 employees, consolidating four different locations in
southern New Jersey.
American Water President and CEO Susan Story was joined by U.S.
Rep. Donald Norcross; Camden Mayor Dana Redd; Bob Martin,
commissioner, New Jersey Department of Environmental Protection;
Timothy Lizura, president and COO of the New Jersey Economic
Development Authority; William Hankowsky, president and CEO of
Liberty Property Trust and more than 150 guests to celebrate the
start of construction, which is expected to last about 18
months.
“American Water and our employees are excited about our new home
on the Camden waterfront,” said Susan Story, president and CEO of
American Water. “We know this will be a place where we can become
an even stronger presence in this great city; where we can attract
and develop talent for today and the future; and where we can
develop solutions to challenges for clean, safe, reliable and
affordable water and water services for people across the
country.”
American Water’s headquarters will rise between the Ben Franklin
Bridge and Adventure Aquarium. The environmentally friendly
building will have panoramic views of the Philadelphia skyline,
easy access to a waterfront park along the Delaware River,
plentiful natural lighting, a rooftop terrace, and cutting-edge
technology. Robert A.M. Stern Architects is the architect with
Gensler designing the interior of the building.
“The construction of One Water Street marks another great
chapter in our city’s history,” said Mayor Redd. “I commend both
Liberty Property Trust along with American Water for committing to
Camden.”
“This project also signifies a private investment of $1 billion
in our city,” added Mayor Redd. “That commitment extends to hiring
Camden residents and sourcing services and materials from Camden
based companies. It will transform our waterfront and benefit our
residents for many years to come.”
Congressman Norcross added: “American Water's new headquarters
will be more than just a building. It will stand as a symbol of
Camden's renewal. Today we’re a step closer to realizing the vision
of a revitalized Camden City with new jobs and opportunities for
our entire community.”
American Water is joining a growing group of prominent
corporations locating their headquarters in Camden, including most
recently the Philadelphia 76ers and Holtec International. These
corporations are building upon the foundation of stability and
growth built by anchor institutions, such as Cooper Hospital, Rowan
University and Rutgers University-Camden.
The Camden Waterfront is a new, mixed-use neighborhood that will
attract corporations, employment and significant inward investment.
Liberty Property Trust is working to put in place additional pieces
of The Camden Waterfront master plan designed by Robert A.M Stern
Architects including a proposed 180-room Hilton Garden Inn to be
developed by Ensemble Real Estate Solutions and 188 residential
units for which an agreement is pending with The Michaels
Organization.
The office component of the development will consist of
build-to-suit projects for corporations seeking to grow their
businesses in this environment. In addition, over $8 million is
planned to be invested in the reconstruction and enhancement of the
existing waterfront park creating more than 2.5 additional acres
offering diverse opportunities for recreation, exploration,
respite, and engagement with nature.
As part of the overall project, Liberty has entered into a
Community Investment Agreement with Camden in which it has
committed to staffing 10 to 20 percent of the construction
workforce with qualified Camden residents, maximizing sourcing from
Camden-based businesses and providing opportunities for Camden
youth through paid internships, participation in the creation of
construction fencing murals and supporting youth sports.
Additionally, 20 percent of the residential units will be allocated
to affordable housing.
“The significance of this moment is twofold,” said Liberty
Property Trust Chairman, President, and CEO William Hankowsky.
“Today, we not only celebrate breaking ground on American Water’s
new corporate headquarters, but also recognize this is the very
first step in establishing The Camden Waterfront as a thriving and
dynamic community.”
With a history dating back to 1886, American Water is the
largest and most geographically diverse U.S. publicly traded water
and wastewater utility company. The company employs more than 6,700
dedicated professionals who provide regulated and market-based
drinking water, wastewater and other related services to an
estimated 15 million people in 47 states and Ontario, Canada. More
information can be found by visiting www.amwater.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20170227005820/en/
American Water Works Company, Inc.Media Contact:Richard G.
BarnesCorporate Communications ManagerO: 856-782-2364 / M:
856-372-0125richard.barnes@amwater.com
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