By David Madden

CAMDEN, N.J. (CBS) — A Delaware County, Pa. based grocery chain has signed a letter of intent to open a new supermarket in Camden, NJ.

Fresh Grocer plans to open a 50,000-square-foot supermarket in the Haddon Avenue Transit Village, about a half mile from the Ferry Avenue Patco station.

Right now that village is just on paper, but the chain’s commitment goes a long way toward changing that.

“We look at areas that have a lack of quality access to healthy and fresh foods,” says Fresh Grocer CEO Pat Burns (top photo).  “We’ve done that all throughout Philadelphia, so Camden has been on our radar for years.”

The project also calls for 40,000 square feet of office space and a 700-car parking garage. The whole thing is set to cost $74 million.  Some $50 million in state tax credits will help finance the project over the next decade.