The Victor Building Luxury Apartments
The Victor luxury apartment building gives
new life to the old RCA Victor Building on the Camden waterfront.
With 550,000 square feet of new space, the site offers 341
apartments with an impressive array of amenities including
a restaurant and a spa with a 360° view.
Ingredients for Success:
The size of the former RCA Victor Building
(550,000 square feet) and location on the Camden waterfront
attracted developer Carl Dranoff who invested over $60 million,
including $7 million for environmental remediation, to build
Camden's first market rate housing in over 40 years. Dranoff
rechristened the property as The Victor Building, honoring
its status as a registered historic landmark and saved a
local treasure when he rescued the famous "Nipper"
Tower from the wrecking ball. The tower will house a dramatic
three-story fitness center with 360-degree panoramic views.
The property will also offer state-of the-art luxury loft
apartments, an exquisite lobby with 24-hour concierge service,
a clubroom, a private parking garage and 27,000 square feet
of retail space. The completed project began leasing in
May 2003, with new residents set to move in by fall 2003.
Dranoff conducted the voluntary remediation
and redevelopment concurrently. He is quick to acknowledge
key collaborative public sector financing partners in this
exciting undertaking, including the Cooper's Ferry Development
Association (CFDA), the Delaware River Port Authority (DRPA),
multiple state agencies including the Office of the Governor,
Casino Redevelopment Authority (CRDA), Economic Development
Authority (EDA), Department of Community Affairs (DCA),
and City of Camden's Office of the Mayor.
Central to this effort was the DEP case
team which included case manager, Chris Kanakis; technical
coordinator, Steve Byrnes; and geologist, Jeff Griesemer,
whose creative advice and innovative ideas assisted in the
remediation and redevelopment of the building. Dranoff noted
that there were advantages to getting all of the approvals
for remediation and redevelopment up front before construction
NJDEP established a technical team with
the experience and ability to identify real problems and
concerns and to create innovative final solutions that allow
the redevelopment of the site in a productive manner.
NJDEP approved remedies including using
surfactants and/or scarification to remove PCBs from contaminated
concrete floors and walls within the Nipper Building. In
areas where other technologies were impracticable (basement)
the NJDEP approved the "entombment" of residual
PCBs via the filling up of the basement with concrete and
the establishment of deed restrictions. As an additional
safety measure, NJDEP required pre and post indoor air monitoring
within the basement area to address any human health concerns
related to residential occupancy. Additionally, NJDEP received
technical assistance from the New Jersey Department of Health's
Bruce Wilcomb, who reviewed technical documents and commented
from a human health standpoint.
NJDEP also required that all sources to
groundwater contamination be removed from the site, the
installation of an underground barrier wall, the injection
of Regenesis's Hydrogen Release Compound™ to address
the residual soil and groundwater contamination and the
establishment of a Classification Exception Area with ongoing
Finally, NJDEP provided letters from the
Assistant Commissioner to interested parties including lending
institutions to address any concerns and/or questions they
had concerning the remediation.
any one of the images below to see a larger version:
View of the site's neighborhood.
tower's stained glass window. The dog is "Nipper,"
the old RCA logo.
view of the site from the southwest.
How to View This Site in i-MapNJ
Internet Mapping in NJ (i-MapNJ) works best with Microsoft
Internet Explorer version 4 or higher.
Access the i-MapNJ
On most browsers, this link will open i-MapNJ in a separate
browser window so you can continue referring back to
Select "Launch i-MapNJ" and wait until the
map of New Jersey finishes loading.
Select "Find an individual location" from
the menu on the right side.
A separate browser window with several search options
Select the "X-Y Coordinates" option.
Enter the following values for the X and Y Coordinates:
for X: 316243.38
for Y: 406000.00
HINT: You can use your browser's copy and paste functions.
- Select "View Map."
Note: The aerial photos used by
i-MapNJ are several years old and do not reflect the current
appearance of the site. The underlying i-MapNJ data for
interactive analyses are much more recent.