"We have secured all of the required approvals for River Park, and we have begun work on the foundation for the first building," according to Amy Neu, vice president of Eden Wood. "Because delivery time is so critical to corporate and high-tech users, especially under current market conditions, we are doing River Park as a build-to-suit. By at least putting up the foundations, we expect to be able to reduce building delivery time to only 10 months."

Eden Wood Realty, based in Hanover Twp., is a subsidiary of Neu Holdings Corp. It has developed and owns more than three million sf of office and industrial space in New Jersey, Pennsylvania and California.

Turner Construction of Somerset, NJ is Eden Wood's construction manager for the project. "We can expect tenants to benefit from proceeding directly to the second phase, because the initial foundations will be fully completed," agrees Bill Macedo, Turner's project manager.

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