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~~ ~~ ~~ <br />~~~ ~~ ~s~ <br />~. elmont <br />D A I RY <br />R O W H O U 5 E S <br />FACT SHEET <br />PROJECT DESCRIPTION: <br />• 30-unit, high density, for sale rowhouse development. At a density of 34 units/acre, <br />the project is built to twice the density of typical rowhouses in Portland. <br />• A private courtyard serves as the "front yard" for about half the units. <br />~ Tre homes inciude firvo bedrooms and two baths and range from 1,326 square feet <br />to 2,000 square feet. Homes feature high ceilings, large windows and red cedar <br />shingle exteriors; options exist to add a half-bath, additional bedroom or commercial <br />space in most units. <br />• Buyers may choose from four (4) floor plans and three (3) interior designs. Each <br />home has either a deck or a patio area. <br />• The rowhouses break the mold of typical Portland rowhouse design: The homes <br />feature "pedestrian-friendly" exteriors with front porches, bay windows and a <br />landscaped courtyard. All garages are located off private alleys, rather than public <br />`"" streets, and all entry stairs are internal. <br />• Prices range from $189,950 to $269,500. <br />PROJECT STATUS: <br />• Over 33% of units pre-sold prior to project completion <br />• Initial purchasers occupied units unit occupancy beginning late September 1998 <br />• Project completion set for January 1999 <br />DEVELOPMENT TFAlVl: <br />Owner/Developer: <br />Project Manager: <br />Contractor: <br />ArchitecUlnterior Designer: <br />Structural Engineer: <br />Civil Engineer: <br />Landscape Architect: <br />Exclusive Marketing Agent: <br />Project Financing: <br />Alder Street Holdings, LLC <br />Shiels Obletz Johnsen, LLC <br />Walsh Construction Company <br />GBD Architects, Inc. <br />Kramer Gehlen & Associates <br />kpff Consulting Engineers, Inc. <br />Walker & Macy <br />Windermere Cronin & Caplan Realty Group <br />U.S. Bank <br />12/15/98 <br />