By ED WATERS JR., News-Post Staff
ewaters@fredericknewspost.com

Development at the Riverside Corporate Park continues with a 126,000-square-foot office building.

Matan Companies, a Frederick-based developer, said the building on Riverside Five is scheduled for completion in November.

Matan officials would not disclose the cost of the building, which is being constructed by Morgan-Keller of Frederick using tilt-up concrete techniques. The building was designed by Donnally Vujic Associates of Gaithersburg. Structural engineering was by LJB Engineers of Dayton, Ohio, and civil engineering by Harris Smariga & Associates of Frederick.

The new office building will be near the 298,000-square-foot Wells Fargo Home Mortgage Mid-Atlantic Region Headquarters, also a Matan Companies property.

“If we want to compete for tenants from down the road who are looking for true Class A office space, we need to deliver a building with first class finishes,” said Karl Morris, director of development for Matan.

“We are very bullish on the Route 26 corridor,” said J.P. Matan, director of leasing for Matan, “and so are some major tenants, as evidenced by Wells Fargo’s relocation here. The area has an abundance of amenities, excellent access to Fort Detrick, and upgrades to nearby infrastructure will make it even more accessible to downtown Frederick and major highways.”

Adjacent to Riverside Five, is another Matan project, Riverside Research Park, a 177-acre research park targeting the growing biotech community and in particular those users with critical adjacencies to Fort Detrick. Riverside Research Park is currently under construction with its first tenant, a 50,000- square-foot building for Vavarium, scheduled to open this spring.