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Levitt Corporation Announces the Opening of Two Levitt and
Sons Communities in Florida, the #1 State for Homebuilding; Hartwood Reserve
and Hunters Creek Open for Sales
FORT LAUDERDALE, Fla., Feb 2, 2005 (BUSINESS WIRE) -- Levitt Corporation
(LEV) today announced the opening of two new Levitt and Sons(TM)
communities, Hartwood Reserve in Lake County, Florida, and Hunters Creek in
Orange County, Florida.
The private gated Hartwood Reserve community, located in Clermont, offers
325 single-family one-and two-story homes with 12 flexible floor-plans
ranging from 1,881 to 3,815 square feet. The homes feature three to six
bedrooms, two to four-and a-half bathrooms, and two and three car garages.
Prices start in the low-to mid-$200,000s. Adorned with landscaped entry and
perimeter fencing, the community's amenity package includes a recreation
area complete with a lighted tennis court, basketball court, children's
playground and a resort-style heated swimming pool. One of the few areas in
Florida with rolling hills, Clermont is situated roughly 25 miles Northwest
of the busy downtown Orlando area and 20 miles Northwest of one of Florida's
most popular attractions, Walt Disney World.
"Florida is the nation's number one state for homebuilding and there is
tremendous demand for quality housing," commented Chairman and Chief
Executive Officer, Alan B. Levan. "Hartwood Reserve, Hunters Creek, and our
four additional Levitt and Sons'(TM) communities in central Florida offers
home buyers easy access to the Orlando business community, quality schools
and universities, and America's most popular theme parks."
Hunters Creek, a Levitt and Sons(TM) town-home community, is located in the
quiet suburbs of Orlando. With 112 units, the community offers seven
flexible floor-plans ranging from 1,164 to 2,052 square feet. The homes
feature two to three bedrooms, two to two-and a-half bathrooms, and two car
garages. Prices start in the high-$100,000s. The community provides family
friendly amenities including a resort-style pool and cabana, and a
children's playground.
About Levitt Corporation:
Levitt Corporation, the parent company of Levitt and Sons (TM), Bowden Homes
and Core Communities, develops single-family homes and master-planned
communities.
Levitt and Sons (TM), America's first builder of planned suburban
communities, is best known for creating New York's Levittown, Long Island
and has built approximately 200,000 homes over the last 75 years. Levitt and
Sons(TM) currently develops single and multi-family home communities for
active adults and families in Florida and Georgia.
Bowden Homes, founded in 1971, has been one of the largest home-builders in
Memphis and the surrounding metropolitan area for eight consecutive years.
Bowden Homes focuses on building distinctively featured family housing in
the Memphis, Nashville and north Mississippi areas. Levitt Corporation
acquired Bowden Homes in April, 2004.
Core Communities develops master-planned communities in Florida, including
its original and best known, St. Lucie West, the fastest growing community
on Florida's Treasure Coast for the past seven years. Core Communities'
newest master-planned community is Tradition. Now under development on
Florida's Treasure Coast in St. Lucie County, Tradition is a 9,000-acre
community that will ultimately feature 20,000 residences, when all approvals
are in place, as well as a commercial town center and a world-class
corporate park.
Bluegreen Corporation engages in the acquisition, development, marketing and
sale of drive-to-vacation resorts, golf communities and residential land.
Bluegreen's resorts are located in a variety of popular vacation
destinations including the Smoky Mountains of Tennessee; Myrtle Beach;
Charleston, South Carolina; Branson, Missouri; Wisconsin Dells;
Gordonsville, Wisconsin; Aruba; and throughout Florida. Bluegreen Corp.'s
land operations are predominantly located in the Southeastern and
Southwestern United States. Levitt Corporation holds an approximate 36%
ownership position in Bluegreen Corporation.
For further information, please visit our websites:
http://www.LevittCorporation.com
http://www.LevittandSons.com
http://www.BowdenHomes.com
http://www.CoreCommunities.com
http://www.Bluegreen-corp.com
Levitt Corporation Contact Information
Investor Relations and Corporate Communications:
Adrienne Zvi, Assistant Vice President, Investor Relations and
Corporate Communications Leo Hinkley, Senior Vice President,
Investor Relations
Phone: 954-760-5222
Fax: 954-760-5415
Email:
InvestorRelations@LevittCorporation.com
Mailing Address: Levitt Corporation, Investor Relations, 1750 East
Sunrise Blvd., Fort Lauderdale, FL 33304
Public Relations: Hattie Harvey, Vice President, Public Relations
Phone: 954-760-5383
Fax: 954-760-5108
Email:
HHarvey@LevittCorporation.com
RBB Public Relations:
Shawn Yanan Phone: 305-448-7450
Fax: 305-448-5027
Email: Shawn.Yanan@rbbpr.com
Statements in this release may constitute forward-looking
statements and are made pursuant to the Safe Harbor Provision of the Private
Securities Litigation Reform Act of 1995. Forward-looking statements are
based largely on expectations and are subject to a number of risks and
uncertainties affecting the Company, and other factors detailed in the
Company's SEC filings.
SOURCE: Levitt Corporation
Levitt Corporation, Fort Lauderdale
Investor Relations and Corporate Communications:
Adrienne Zvi, 954-760-5222 or Fax: 954-760-5415
or
Leo Hinkley, 954-760-5222 or Fax: 954-760-5415
InvestorRelations@LevittCorporation.com
or
Public Relations:
Hattie Harvey, 954-760-5383 or Fax: 954-760-5108
HHarvey@LevittCorporation.com
or
RBB Public Relations:
Shawn Yanan, 305-448-7450 or Fax: 305-448-5027
Shawn.Yanan@rbbpr.com
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