FOR IMMEDIATE RELEASE
Faison Enterprises, Inc.
121 W. Trade Street, 27th Floor
Charlotte, NC 20202
FAISON TO COMMENCE CONSTRUCTION OF VILLAGE MANOR AT AYRSLEY
Charlotte, NC - June 24, 2005 - Faison is pleased to announce the commencement of construction on its new 69-unit town home community, "Village Manor at Ayrsley," a distinctive lifestyle and family friendly neighborhood situated in the heart of the burgeoning "Town of Ayrsley."
Located in south Charlotte just off Interstate 485 near the South Tryon exit, the community offers convenient access to all major thoroughfares, business centers and shopping districts of the city. However, there is little reason for residents to leave the neighborhood with Ayrsley's numerous opportunities for dining, entertainment and recreation. The newly opened Steele Creek YMCA is just a short stroll across the creek from Village Manor; or perhaps a movie is more in order at the recently announced theater a few blocks away.
Harnessing the architectural talents of Narmour Wright Associates, Faison is offering two and three-story floor plans with a variety of design alternatives. Covered entryways welcome residents and guests into warm and appealing living spaces. Two and three bedroom floor plans are crafted to suit every family's needs. Each unit features either a one or two car garage, and rear patios and decks run throughout the product offerings.
These attractively priced units are not expected to be available for long. "Faison is thrilled to be offering a unique town home product in Ayrsley. With prices starting in the $140's, value conscious buyers will be able to enjoy the many lifestyle amenities of this thriving south Charlotte community while living in an architecturally superior home," said Terry Horak, Managing Director of Faison's Mid-Atlantic Commercial and Residential Services.
The Village Manor at Ayrsley project was initiated by Faison in 2004 and is a product of the company's long range goals to diversify their largely retail real estate business into the residential and commercial industries. Faison's James W. Apple, Jr., Executive Vice President of Commercial and Residential Services, noted "Village Manor is a good example of the quality communities we are developing as we continue to expand our residential product line. Our lot development and infill residential businesses are enjoying great success, and we are confident our townhome product line will be equally well received at Ayrsley."
About Faison Enterprises, Inc. Faison Enterprises, Inc. is a privately-held development company with a diversified product portfolio that includes retail, commercial and residential project development, management and acquisitions services. With more than 40 years in the business and holdings of approximately $1.3 billion, the Charlotte NC based company manages and develops properties throughout the South and Mid-Atlantic and maintains regional offices in Bethesda MD., Washington D.C., Charlotte NC, Atlanta GA, Orlando and Delray Beach, FL.
For information: http://www.faison.com or
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