The Borough of Somerdale, NJ has undertaken the redevelopment of the Lion’s Head Shopping Center in order to create a new Town Center. Located at the intersection of the borough’s two busiest roads – Evesham Avenue and the White Horse Pike (Route 30), the Center had been in decline over the past decade.
In partnership with the land owner, the Shopping Center owner, Camden County and Grapevine Development, the transformation of the shopping center into a newly revitalized Coopertown Center is almost complete. The new center will include almost 400,000 sf of retail, including a new Walmart Supercenter and LA Fitness, almost 200 new residential units, mixing market rate and affordable and a new Community Center, park and amphitheater. The entire center is being constructed with a “Main Street” design and is expected to bring almost $100M of new investment into the borough.
Grapevine Development is overseeing the development of the market rate housing component of this plan. In partnership with Ryan Homes, they will be developing Coopertown Village, with 122 attached townhomes built in the Neo-traditional design. Approvals are currently in place, with construction scheduled to begin during the Fall of 2010. The first occupants are expected to move in during the Spring of 2011.