"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. "Becausedelivery time is so critical to corporate and high-tech users,especially under current market conditions, we are doing River Parkas a build-to-suit. By at least putting up the foundations, weexpect to be able to reduce building delivery time to only 10months."

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

Turner Construction of Somerset, NJ is Eden Wood's constructionmanager for the project. "We can expect tenants to benefit fromproceeding directly to the second phase, because the initialfoundations will be fully completed," agrees Bill Macedo, Turner'sproject manager.