M id A tlantic Real Estate Journal — Owners, Developers & Managers — June 2026 — 29
www.marej.com
O wners , D evelopers & M anagers
Historic 21-story tower fully revitalized with no resident displacement Hudson Valley Property Group completes $130M transformation of The Encore in Camden, NJ
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appliances, renovated bath- rooms featuring WaterSense fixtures, through-wall heat pumps providing heat and air conditioning, new flooring, and LED lighting. New amenities include a fit - ness center, business center, community room and energy- efficient laundry facilities, as well as a restored two-story penthouse appointed with era- appropriate décor that will be used for special events. Resi- dents also benefit from free Citizens-funded high-speed internet access throughout all units and common areas,
helping expand access to edu- cation, job opportunities, and essential digital resources. HVPG thanks its partners, including HUD, NJEDA, the New Jersey Housing and Mortgage Finance Agency (NJHMFA), the Camden County Improve- ment Authority, the City of Camden, Enterprise Com- munity Partners, PGIM, Citizens Bank, BlueHub Capital, Fallbrook Finance, The Metro Company, KMA Design Studio, ETC, Fresh Artists, and Pineland Alli- ance . MAREJ
AMDEN, NJ — Hud- son Valley Property Group (HVPG) , a
national affordable housing preservation company, an- nounced the completion of a $130 million preservation and renovation project at The En- core (formerly Northgate One), a 321-unit, 21-story affordable family housing tower at 433 North 7th St. in Camden. The 18-month renovation was com- pleted in August 2025 using an on-site relocation approach that allowed all residents to remain at the property throughout construction. HVPG marked the mile - stone on June 4 with an offi - cial ribbon-cutting ceremony alongside city, county, state, and federal partners. During the event, city officials an- nounced plans to designate the area between 7th St. and Elm St. as “Hudson Valley Way” in 2027 in recognition of the firm’s transformative invest- ment in Camden. “I am so excited for our North Camden neighborhood and commend Hudson Valley Property Group for commit - ting to the City of Camden,” said Camden Mayor Victor G. Carstarphen . “The ribbon cutting for The Encore is not only a new beginning for the building, but also for its resi- dents. I am impressed by the enhanced community spaces, amenities, and high-quality renovations. It’s a vibrant environment and the overall transformation is simply re- markable. The $130 million investment in this property will ensure an improved qual- ity of life while preserving its long-term affordability for generations to come.” “This project exemplifies our commitment to preserving and enhancing affordable housing in the communities that need it most,” said J ason Borda- inick , co-founder and manag- ing partner of HVPG. “Strong communities are built through strong partnerships, and The Encore is proof of what those partnerships can achieve.” The $48 million construction scope included the compre- hensive renovation of all 321 units alongside a reimagined façade, infrastructure up- dates, new amenity spaces, and energy-efficiency improve - ments expected to reduce en- ergy consumption by 28.3%. Unit upgrades included new kitchens with Energy Star
Hudson Valley Property Group and project partners celebrate the completion of The Encore’s rehabilitation during a ribbon-cutting ceremony on June 4, 2026. Photo Credit: Josue Johnson
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