CAMDEN, NJ— EMR Eastern LLC has cleared another hurdle as it prepares to move its national headquarters into the century-old Victor Talking Machine Company executive office building.
The company received preliminary and final site plan approval to renovate the historic, eight-story building and demolish the annex building from the Camden City Planning Board on Thursday, April 11.
EMR Eastern purchased the building from the Camden-based development firm Millennial Partners, LLC for $13.5 million, EMR Eastern President Joe Balzano, Jr. said in January. The total project is expected to cost around $33 million, and the company plans to move 120 employees from across the country into the building.
The company plans to demolish the annex building to create a surface parking lot. There will be little exterior changes made to the building, with only work such as replacing the broken windows, installing a handicap ramp and some painting planned.
The building, built in 1916, is located just blocks away from the Camden waterfront at 201 N. Front St. It was home to the Victor Talking Machine Co. executive offices, including the office of company founder Eldridge R. Johnson. In 2006, the Camden City School District purchased the building for its administrative offices and stayed there until 2016 when it was sold to Millennial Partners LLC for $5.2 million.
EMR is a metal recycling and privately owned dating back to the 1940s. They employ almost 3,500 people operating at 150 locations around the world. In the U.S., the company is currently headquartered in Bellmawr, and has offices located in New Orleans, Louisiana and Minneapolis, Minnesota as well, according to its website.
EMR Eastern is a subsidiary of EMR, Inc., which is owned by Europe Metal Recycling Limited, which is headquartered in the United Kingdom. In 2008, EMR Camden Iron and Metal, creating EMR Eastern.