Credit: 600 Cuthbert.īy preserving and reusing 75 percent of the existing building, he wants to avoid its complete demolition, and then further enhance the property with environmental features to complement the redesign. Sachdev proposes to demolish the two-story structure that once held the retail bank, and then add another five stories atop the six-story structure “to develop a beautiful, seamless, 11-story apartment complex.”Ĭonceptual renderings for the transformation of 600 Cuthbert from offices into apartments.
His vision: to transform the commercial office building at the corner of Cuthbert and MacArthur Boulevards into a modern, environmentally sustainable, 11-story apartment building. Sachdev, who runs an advertising firm with offices in Cherry Hill and Clifton, will commit $15,000 into escrow to cover preliminary costs for the project. “I got very good feedback from people who lived there, and also from the government.”īoth sides firmed up their commitment at the July 26 meeting of the Haddon Township Board of Commissioners, signing a six-month memorandum of understanding (MoU) to develop a concept plan for the property. “It was a meeting of the minds, so to speak,” he said.
“I talked to several people in Haddon Township, and heard that they also thought this would be excellent,” Sachdev said. When a friend suggested that he convert the property into apartments, the idea stuck in his head.
What did interest him was finding an adaptive re-use for the 57-year-old office building with the solid foundation. In the time since, Sachdev said he fielded offers to buy the property and inquiries from prospective tenants, but was moved by neither. When Ravi Sachdev bought the six-story office building at 600 Cuthbert Boulevard in Haddon Township, its principal tenant, Wells Fargo, occupied about three-quarters of the property.Įight years later, that occupancy rate had fallen to half.
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