American Water Breaks Ground on New Corporate Headquarters on The Camden Waterfront
VOORHEES, N.J.--(BUSINESS WIRE)--
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
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
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
here to subscribe to Mobile Alerts for American Water.
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American Water Works Company, Inc.
Corporate Communications Manager
O: 856-782-2364 / M:
Source: American Water Works Company, Inc.
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