Landmark Homes Adding Residential Units at Centerra

Published: May 12, 2011

LOVELAND, CO. – MAY 12, 2011 – While the economic growth in Northern Colorado continues to improve slowly, the residential development is continuing to position itself to capitalize on Northern Colorado’s growth with strategically located residential developments in Loveland.

Lakeshore Condominiums, built by Landmark Homes, is the latest residential project at Centerra located off Hahns Peak Drive just west of Eagle Ridge Apartments. Lakeshore Condominiums, LLC purchased the land from Lennar in August of 2010 and began the first phase of construction in February.

The announcement to complete the remaining 88‐units at Lakeshore does not come as a surprise. With close proximity to I‐25 and Hwy. 34 and within walking distance to miles of trails, top level medical services, leading businesses, restaurants and retail, Centerra is a highly desired place to live, work and play.

The condominium units will be priced between $136,900 and $143,900, priced comparatively to the adjacent Lennar Lakeshore and McStain condos to the southwest. Each unit will feature two bedrooms, 2 full baths, kitchen, laundry, balcony and optional detached garages. Finish options include granite countertops, custom cabinets, and multiple flooring options. The condo units on the far north side of the development will enjoy waterfront views of Equalizer Lake.

“The two bedroom units are an ideal size for working professionals, empty nesters who are downsizing, investors, and home owners who are seeking a quality‐built condominium‐style living in a convenient location with nearby amenities,” said Jason Sherrill, CEO of Landmark Homes.

“Centerra offers a relaxed lifestyle that includes rich amenities such as a trail system, High Plains Environmental Center, Medical Center of the Rockies, Miramont Lifestyle Fitness, and over a dozen restaurants and retail stores all within walking distance, making Centerra a highly desirable place to live,” said Jay Hardy, vice‐president/general manager of Centerra. “We are pleased to have Landmark Homes add to our existing residential community to offer additional housing options as our community continues to grow.”

“Our typical buyer is interested in affordable and convenient lifestyle living,” said Jason. “Positioning our residential development within Centerra was the right decision given the region’s demand to deliver affordable ownership living options while taking advantage of the neighboring amenities and conveniences.”

The intent for Landmark is to complete this project in one continuous phase, completing construction of all 11 buildings based on market absorption. Occupancy for the first 8‐units is expected in July of 2011. Property value created from this new 88‐unit development is expected to exceed $12 million and create work for multiple local subcontractors.

For additional information, please contact Jason Sherrill at Landmark Homes at (970)460-0567.

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About Landmark Homes

Landmark Homes is a local homebuilder based in Windsor, Colorado. The owners of Landmark Homes have been in business for over 15 years, building and developing projects along the Colorado front range. Landmark Homes builds multiple attached housing projects, single family and custom homes. Landmark Homes is committed to delivering an extraordinary home and quality home buying experience. Visitwww.mylandmarkhomesco.com for more information.

About Centerra

Centerra, an award-winning 3,000-acre master-planned community located in Loveland, Colorado, is a McWHINNEY development. As a community designed to enhance all aspects of life, Centerra integrates neighborhoods with recreation, art, shopping and dining, business opportunities, and medical services. Centerra offers Northern Colorado’s first lifestyle center, The Promenade Shops at Centerra; the Medical Center of The Rockies, a state-of-the-art 136 bed regional hospital that is LEED certified; and The Marketplace at Centerra, one of Northern Colorado’s largest contiguous power shopping centers. Centerra, which was recognized by the National Association of Industrial & Office Properties (NAIOP) as the Colorado Chapter’s 2003 Development of the Year, embodies the company’s purpose of creating great places for people.