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Crystal Creek Homes, together with Elkay Developments, is building a new community at the corner of 77th Street SW and 11th Avenue SW comprised of 30 single family lots with a half acre park. The development is hoping to capitalize on the success of adjacent development, The Rise, a 200 lot single family development that is nearing completion after 2.5 years of construction. The lots and homes in West 77th are approximately the same price as those in The Rise when you factor in the fact they are 10 – 40 feet deeper than the average lot in The Rise. Overall home prices will be comparable to The Rise with house prices ranging from mid $700s to approximately $1.0M. Construction started in the spring of 2019 with the showhome opening in October 2019.
Certain statements in this presentation contain forward-looking statements about the objectives of the Partnership and management’s expectations, beliefs, intentions or strategies for the future. Future events are subject to certain risks, uncertainties and assumptions that may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such risks, uncertainties and assumptions include, but are not limited to: general economic conditions; actions by government authorities; actions by regulatory authorities; availability of raw materials and trades; changes in raw materials prices; foreign exchange rates; interest rates; competitor activity; industry pricing pressures; seasonality of the construction industry; and weather.