In a city where revitalization seems to be the word de jour, Cooper Hospital has added its hat into the Camden Revitalization movement. Cooper Hospital is planning on building a Health Science Campus that seems pretty interesting. I would love to tell you more about this project however, I think their DVD could explain it best. It is in three parts so make sure you see it all.
Cooper Hospital 21st Century Vision Part 1
Cooper Hospital 21st Century Vision Part 2
Cooper Hospital 21st Century Vision Part 3
What is my opinion of this and other projects in Camden? Well, I have seen the same thing happen in North Jersey and New York where revitalization hit big. At first the majority opinion was that it was a waste and that it wasn’t going to go over well. But ask anybody who owns property in any of the five boroughs in New York or take a drive down River Road in New Jersey, from the GW Bridge on to Hoboken, and they will tell you that they hit a gold mine since they made their purchases. Property value soared and the view of Manhattan isn’t that bad either.
I think this is the same thing that is going to happen in Camden. Why? Because you have the veiw of Philadelphia, you are litrally 5-10 minutes to Philly, you have access to the bus and train that run up to New York and Atlantic City. The home prices are very low so your upside could be tremendous over time when all projects are complete, of course you have to be patient. Now the area is not the safest, it was voted two years in a row by Money magazine as the most dangerous city in the United States, but like the stock market, you buy when prices are low and sell when they are high. Unlike the stock market where stock prices changed by the second, this could take some time but the footprint is there and time is running short, see my next post why.
