Home Ownership Opportunity at
May Street Crossing is Unparalleled

Pottstown, PA – June 8, 2005 - The invitation to the recent pre-construction open house to preview May Street Crossing said 11:00 a.m. A line started forming at 10:30 and soon every seat was taken. Many people eagerly gathered around home and floorplan displays, while others pored over brochures. The common thread was a smile of excitement as individuals realized just what May Street Crossing could mean to them.

May Street Crossing represents not merely the chance to buy a house; it is the opportunity to actually afford to live in a beautiful newly constructed home. May Street Crossing puts the proverbial American dream on an equal playing field.

The private enclave of 28 twin homes featuring brick facades, maintenance-free vinyl siding, and a sizeable front porch offers first-time buyers and other mixed income families three-bedroom, two-and-one-half bath homes for as little as $124,900! Prices will rise $5,000 as each unit of four homes is sold. Gay Davidson, owner of The Davidson Group, who is marketing May Street Crossing, encourages prospective buyers not to wait. “People are so enthusiastic about the community that I’m positive we will be very quickly sold out.”

May Street Crossing is developed by Pennrose Properties and Genesis Housing Corporation. Pennrose is recognized as one of the nation’s premier private developers of mixed-income single and multi-family housing. “Our goal is to create homes that respond to the demands of the market, create value within communities and give people the security of home ownership,” says Mark Dambly, vice president of Pennrose Properties.

To achieve these objectives, Pennrose Properties partnered with Genesis to develop exceptional homes in a comfortable, quiet neighborhood, which is part of the Pottstown revitalization program. Genesis, a nonprofit community development organization dedicated to developing affordable housing and providing consumer housing and financial education, serves Montgomery County. Genesis is a certified FannieMae counseling agency and is approved by Pennsylvania Housing Finance Agency for the counseling component of the commonwealth bond program.

“Guests at our open house, were educated prospective buyers,” notes Judith Memberg, Genesis executive director “People who have been shopping for homes, particularly new construction, recognize the value at May Street Crossing.” “A home at May Street Crossing,” adds Davidson, “will cost about $84 per square foot. This is an incredible value. An average newly constructed home goes for $150 or more per square foot. Honest, I did the math,” she quips. “Gay has a 25-year background in new home sales. She knows the ins and outs of purchasing new construction and understands our program,” points out Memberg. “This is why The Davidson Group was selected to market May Street Crossing.”

May Street Crossing homes include numerous standard amenities. Large peninsula kitchens offer pantries, stainless steel double bowl sinks, GE dishwashers and GE electric ranges with hoods. Buyers will have a choice of oak cabinetry. Expansive owners’ suites have spacious closets and private baths with elegant cultured marble countertops. Other interior highlights are plush wall to wall carpeting in a selection of designer colors, raised panel doors, and full basements. There is a charming covered porch, amazing in its size of nearly 129 square feet. An energy efficient package comes complete with cost-saving gas furnace, central air conditioning, vinyl windows, and R-13 side wall insulation and R-30 attic.

Among the many options are gas fireplaces, ceramic tile showers, hardwood flooring, built-in microwaves, oak stair rails with painted balusters, crown molding, chair rails and more. Buyers may choose to add a fourth bedroom, finished loft or walkout basement in selected models.

May Street Crossing homes are not available to investors. Only buyers who will occupy the homes may purchase. Davidson advises that the sales are first-come, first-served. “Nowhere are there new homes for this price, so timing is of the essence,” she cautions.

May Street Crossing is located at May and Oak Streets in Pottstown. Construction will begin this summer and completion is anticipated for the end of 2005 through mid-2006. Plans, brochures and financial plans are available daily at the Davidson Group, 4060 Skippack Pike in Skippack. For more details or to make an appointment, call 610.584.0100.

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