Contact:
Carol Lommerse
Faison Enterprises, Inc.
121 W. Trade Street, 27th Floor
Charlotte, NC 20202
http://www.faison.com
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
Contact: carol.lommerse@faison.com
Phone: 704-972-2669
