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1.5M SF Cedarbridge Corporate Campus planned. (New Jersey).



There's a promise of important and good things to come when you cross the intersection of New Hampshire Avenue New Hampshire Avenue is a diagonal street in Washington, D.C., beginning at the Kennedy Center and extending northeast for about 5 miles (8 km) and then continuing into Maryland where it is designated Maryland Route 650. New Hampshire Avenue, however, is not contiguous.  and head west on Cedar cedar, common name for a number of trees, mostly coniferous evergreens. The true cedars belong to the small genus Cedrus of the family Pinaceae (pine family).  Bridge Avenue in Lakewood, N.J. The future site of Cedarbridge Corporate Campus is located here -- just past the GPU GPU: see secret police.


(Graphics Processing Unit) A specialized logic chip devoted to rendering 2D or 3D images. Display adapters contain one or more GPUs for fast graphics rendering.
 Energy Park -- a business park that is designed to attract world-class corporations, generate new tax revenues and provide a tremendous boost for the local economy.

The 1.5 million-SF campus has been planned to include corporate offices, research and development facilities, computer service centers, telecommunications centers A facility, normally serving more than one organization or terminal, responsible for transmission, receipt, acceptance, processing, and distribution of incoming and outgoing messages.  and high-technology operations. In addition, restaurants, banking and other support facilities are integrated into the design.

For Lakewood, it is estimated that the development will mean $200 to $300 million in new tax ratables rat·a·bles  
pl.n.
1. Income from property taxes: netted the city over $30 million in new ratables.

2.
 at its build-out, with income for the township projected as early as 2003 when the first buildings are expected to be occupied. The development also projects 7,000 to 10,000 new, permanent jobs. Ultimately, the corporate park will produce a daytime population that could fuel the local economy, with new consumers patronizing the Township's many growing service businesses and retailers.

Driving through the area, the aesthetic considerations of the business community become apparent with 160 acres of pristine pris·tine  
adj.
1.
a. Remaining in a pure state; uncorrupted by civilization.

b. Remaining free from dirt or decay; clean: pristine mountain snow.

2.
 woodlands that will be left in their natural state. At the same time, this beautiful 185-acre suburban business campus will be complemented by landscaped entryways, lawns and gardens, tree-lined boulevard streets, architecturally striking buildings, seating areas and walkways that provide public access through the property. Cedarbridge Development Corporation is committed to this vision.

The company has funded the preliminary phases of the project, investing more than $1 million so far. Completed to date are preliminary analysis and preparation of all development and marketing activities ranging from environmental assessments to conceptual and architectural designs This article or section may contain original research or unverified claims.

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. Phase II is taking the campus through the approval process, while marketing activities continue.

In addition, Cedarbridge has assembled a board and development team consisting of real estate professionals, investment bankers Investment Banker

A person representing a financial institution that is in the business of raising capital for corporations and municipalities.

Notes:
An investment banker may not accept deposits or make commercial loans.
, and corporate leaders who are dedicated to the project's success. For example, Picus Associates, Inc. is serving as project manager. This respected Princeton organization conceived and developed the multi-use Forrestal Center for Princeton University Princeton University, at Princeton, N.J.; coeducational; chartered 1746, opened 1747, rechartered 1748, called the College of New Jersey until 1896. Schools and Research Facilities
, which is occupied by more than 100 corporations employing some 14,000 people.

Similarly, Cushman & Wakefield of New Jersey, the largest fully integrated real estate services firm in the world, is serving as the exclusive marketing and leasing company for the property. "This is one of the most exciting projects taking shape in all of New Jersey," noted Joe Sarno, senior director of Cushman & Wakefield. "We have active interest from corporations who are watching our progress closely as they make their real estate plans for the coming years."
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Title Annotation:business park planned for Lakewood, New Jersey
Publication:Real Estate Weekly
Article Type:Brief Article
Geographic Code:1U2NJ
Date:Jan 16, 2002
Words:449
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