First building at Albertson Village set for completion in September 2015 Walters Group redevelops site into LEED-certified multifamily housing G reen B uildings M id A tlantic
Real Estate Journal — Green Buildings — September 25 - October 15, 2015 — 25B
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planned for the community. Redevelopment of the 3.5- acre brownfield site has in- cluded demolition of the Rus- sell Cast and Stone cement factory, which sat vacant for more than 10 years. Wal- ters is using environmentally friendly “green” technologies in the construction of the new buildings and expects to achieve the strict standards of LEED-Gold certification. “This is our first project in Camden County, and it’s been in the works for a long time,” said Ed Walters, Jr. , presi- dent and founder of Walters Group. “Once it’s completed it will be well worth the wait. Economic conditions have improved to the point where we felt this was a good time to move forward on this type of redevelopment.” Each of the three-story buildings will offer an as- sortment of one- and two-
ADDON TWP., NJ — The first of four buildings at Albertson
Village, a multi-family rental project being developed by Walters Group , is slated for completion in September 2015. The luxury apartment community is currently under construction on West Albert- son Ave. in the Westmont section of Haddon Twp. The first 19-unit building is part of an 82-unit apartment community, which is rising on a former industrial site in Camden County. Redevelop- ment efforts got underway in the fall of 2014 with comple- tion of the entire project slated for January 2016. The remain- ing three buildings will each comprise 22 units and are slated for delivery in Novem- ber, December and January, respectively. The first build- ing will also house one of the eight affordable housing units HANOVER, NJ — With the steel topped off at MetLife Investments’ global headquar- ters in Hanover, Vision Real Estate Partners and Ruben- stein Partners are on sched- ule for the 185,000 s/f build-to- suit at 67 Whippany Rd. The partnership broke ground in April on the sustainable, class A office facility. Situated on 14 acres, the new global headquarters for the investments business of MetLife, Inc., the largest U.S. life insurer, has been designed to LEED Gold Core and Shell and LEED Platinum Interi- ors standards. It will feature an open floor plan with col- laborative workspaces and breakout rooms, a town hall with technologically advanced conference facilities, a fitness center, employee food court with indoor and outdoor seat- ing, and café. The property will offer approximately 4.5 park- ing spaces per 1,000 feet of rentable area, through a com- bination of surface, structured and under building executive parking.
Albertson Village
bedroom apartments with some offering loft spaces. The one-bedroom units will range from 827 s/f to 1,034 s/f. The two-bedroom units will range from 1,127 s/f to 1,454 s/f. The upscale interior design will combine amenities such as granite kitchen countertops and Energy Star applianc- es. The exterior will feature
MONTREAL/CHICAGO, IL — Ivanhoé Cambridge and its partner, Callahan Capital Properties , announced the acquisition of a 100% interest in the PacMutual office prop- erty, located at 523 W. 6th St. in downtown Los Angeles, for approximately US$200 million. PacMutual is situated in the heart of the financial district, with immediate access to a wide array of transportation, din- ing, entertainment and retail amenities. Arthur Lloyd , executive vice president, office, North Ameri- ca, at Ivanhoé Cambridge said: “Downtown Los Angeles has seen a remarkable renewal and truly represents a modern “live- work-play” sector of the city. PacMutual’s location, qual- ity and appeal for the creative economy align remarkably with our long-term investment strat- egy in key cities in the United States.” Comprising three intercon- nected buildings built between 1908 and 1926, PacMutual to- tals 464,000 s/f and represents an impressive example of a beaux-arts style property that landscaped open spaces with paved pathways so residents can enjoy a community club- house, 24-hour fitness center, elevators and parking ga- rages. Additionally, Albertson Village will feature exterior lighting and security cam- eras throughout the grounds. Located just a few blocks from Westmont Station, the
PATCO high-speed rail line provides convenient access to Philadelphia. “There’s a strong sense of community in Haddon Town- ship,” said Walters. “New businesses moving in and a redevelopment boom have turned Haddon Township into a vibrant community with an excellent quality of life.” n
Steel topped off at MetLife Investments global headquarters in Hanover, NJ
Ivanhoé Cambridge and Callahan Capital Properties acquire 464,000 s/f
67 Whippany Rd.
these projects total nearly 1.1 million square feet in approved corporate space, effectively replacing the 1.4 million s/f of obsolete Alcatel-Lucent offices existing when the partnership acquired the campus in 2010. “Both the MetLife and Bayer facilities are crafted to meet the new generation of work- force standards,” said Vision Real Estate Partners’ Sam Morreale , founder and man- aging partner. “They reflect a commitment by major cor- porate employers to provide world-class, fully amenitized environments for their people. For us, working with such for- ward-thinking organizations in partnership with Rubenstein is extremely gratifying.” n
“Construction is progress- ing quite nicely,” said Vision Real Estate Partners’ Ross Chomik , managing partner. The building, which will house more than 900MetLife employ- ees, will be delivered in third quarter 2016. TheMetLife building anchors 67 Whippany Rd.’s 100-acre South Campus component. The 94-acre balance houses Bayer Healthcare’s 675,000 s/f East Coast headquarters. The Vi- sion Real Estate Partners/Ru- benstein Partners joint venture sold that parcel to Bayer and custom-built the pharmaceu- tical leader’s LEED-certified facility, which includes ap- proved expansion for up to 200,000 square feet. Together,
offers the coveted elements of a historic building along with modern systems and features. Each of the buildings offers high ceilings and open floor plans that are ideal for cre- ative space users. PacMutual’s extensive recent upgrades, efficient building systems and sustainability programs helped garner LEED EB Platinum certification in 2014, making it Los Angeles’ only historic building to receive Platinum designation. n 523 W. 6th St.
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