PRESS RELEASE

April 27, 2008

For Immediate Release

Contacts: Kathy PhillipsJoan Dearani

KH AdvertisingDiversified Properties

973-347-8707973-228-0500

BUYER’S MARKET, INTEREST RATES MAKE SUMMIT

EASIER TO REACH!

Summit, NJ - “There’s never been a better time to buy a new home in the City of Summit,” said Nick Minoia, developer of The Promenade at Summit on Morris Ave. “We are offering luxury condominiums and single family homes with all the amenities that are amazingly affordable compared to everything else on the market in Summit.”

The Promenade at Summit is a mixed-use development, blocks from the beautiful downtown Summit shopping district and a mere 30 minute train ride from midtown Manhattan. “We have something for everyone” added Minoia. “Whether you’re a first time home buyer or an empty nester, everyone appreciates luxury, value and an unbeatable location like Summit….that’s what we offer.”

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Luxury Condominiums Feature Elegant Touches

The community of 22 luxurious 2-bedroom condominiums average 1,400 square feet of living space which feature spacious 9 ft. ceilings, designer gourmet kitchens with granite counter tops, top-of-the-line stainless steel appliances, as well as master suites with walk-in closets and private bathroom. Also included is a private underground garage and elevator access. Preconstruction prices start at $549,900.

Single Family Homes – Upscale Living at an Amazing Value

A limited number of upscale 4-5 bedroom homes offer 2,584 – 4,290 square feet of living space which feature impressive 9 ft. ceilings throughout the first floor, designer gourmet kitchens with granite counter tops, stainless steel appliances, spacious master suites with walk-in closets and a large private bathroom, 2-zone gas warm air/heat and central AC. Customized finished basements with full baths are standard which add a substantial amount of living space and will enhance every family's lifestyle. Elegant exteriors with stone accents are designed for beauty and energy-efficiency. Prices range from $849,900 to $1,129,900

Summit … A Shopper’s Paradise

Known for its flourishing downtown retail district, Summit is a tapestry of retail and commercial businesses with an abundance of specialty and gift shops, fine clothing stores, excellent restaurants and ample free parking all within short walking distances.

Summit was designated by New Jersey Monthly magazine as the second most highly rated school district in New Jersey for 2006. Additionally, Summit is home to Overlook Hospital, which was rated as the number one hospital in New Jersey.

Perfect Timing

“So many things have come together at once to make this a can’t miss opportunity for buyers” said Minoia. “It’s like a perfect storm of low interest rates, market re-pricing, location and quality that makes this the buying opportunity of a lifetime.”

Deposits are now being accepted on all models at The Promenade at Summit, so please contact Sales Manager Joan Dearani at your earliest convenience.

Sales hours by appointment:

Monday, Tuesday, Friday, Saturday and Sunday: 10:00 AM - 5:00 PM

Tel: 908-273-2400 E-mail: Joan Dearani, Broker

For more information on all the models, drawings, floor plans and construction updates, please visit our web site at