Modern Home Builder 2018 - Volume 6, Issue 2 - 109
to be close to downtown Philadelphia, which is located about 25
minutes away on the other side of the Delaware River.
Delco Development acquired the 35-acre property from the
Camden County Improvement Authority in 2016 for $6.2 million. Before becoming a target for redevelopment, the plot was
the longtime home of Pennsauken Mart, a popular shopping barn
where visitors could browse through an cultural mishmash of 120
stores, including jewelry shops, low-end clothing retailers and
food stands. Pennsauken Mart was demolished in the mid-2000s
to make way for an arena project that never materialized and the
property had been vacant ever since.
The building of Haddon Point represents the end of a decade-long effort to find a new use for the property. "The township
administration looks forward to working with Delco Development
on the next chapter of this property, which will play an important
role in Pennsauken's future growth," Pennsauken Township said in
The development of its first multifamily project is putting all
of Delco Development's skills to use. The company strives to
act as a one-stop shop for real estate development and management, offering a full suite of services, including land acquisition,
development, general contracting, design/build, commercial
property asset management and operations and management. Its
projects range from new ground-up construction to renovations
"At Delco, we have an all-inclusive approach to development,"
the company says. "Our team proudly guides projects from start
to finish. From land acquisition to opening day, Delco develops
As a family-run company, Delco brings a personal level of ser-
vice to its clients. "Delco Development is a father, son and daughter team that appreciates the relationships we have with townships,
tenants and employees because the communities where we live are
the communities where we do business," the company says.
Founder William Juliano started the company in 1970 and its
portfolio has grown to more than 1.5 million square feet of commercial real estate under management. "With over 40 years of experience, vision, talent and energy, our portfolio of services and
properties has grown rapidly, much like our views of the industry,"
the company says.
The company attributes that success to its ability to stay closely
connected to all of its clients, whether they are hotel guests, business tenants, civic organizations or local government leaders. The
creation of Haddon Point will grow that client base as the company
branches out of its hospitality background - it currently manages
five hotels in New Jersey - into new ventures.
"Delco Development keeps economic development moving
forward and our role, at the heart of it all, is to turn ideas into
opportunities," the company says. "Molding opportunities into
relationships that create plans, projects, and finally, tangible,
thriving properties." )
The project is expected to draw young professionals and baby boomers
who want to be close to downtown Philadelphia.
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