Archive for June, 2006

Reports of The Real Estate Bubble Burst Are Greatly Exaggerated!

Tuesday, June 20th, 2006

The Reserve at Woodbridge Condo Conversion in Bluffton, S.C. Achieves a 75% Sellout!

BLUFFTON, S.C., June 20 /PRNewswire/—Paramount Properties of Florida hit a grand slam on Saturday, June 10th as an astonishing 75% of the 214 available units at The Reserve at Woodbridge were sold during the Grand Sales event.

According to Paramount CEO Tom Cabrerizo, “The feedback we had been getting indicated that interest in The Reserve at Woodbridge was going to be high, but selling the majority of the units by the end of the Grand Opening was beyond our most optimistic projections.”

Cabrerizo has also been witness to many previous successes in the same area. He goes on to say, “We’re in the condo-conversion business. We recognized there’s a lack of affordable real estate in that market, in that location. We did a similar conversion in Bradenton and we sold out about 90 percent in 30 hours. It was exceptional.”

Sales and marketing for The Reserve is being handled by N5R. Roman Bodnarchuk, N5R’s founder and CEO, was equally jubilant. “We are delighted with the fact that 75% of the project is sold but also want the public to know that there are still units available at opening prices starting in the low $100’s. We anticipate that they will be snapped up real soon.”

The Reserve at Woodbridge is situated in the exclusive Woodbridge Residential Community, one of the most prestigious addresses in the Greater Bluffton Area. The Reserve epitomizes the refined sense of community South Carolina’s Low Country is renowned for and has great appeal for buyers who seek an upscale alternative to the mature developments on nearby Hilton Head Island.

It has also been designed to take advantage of Bluffton’s famed natural beauty and the relaxed “Low Country lifestyle” so appealing to visitors and residents of the area. Windows and balconies look out upon Beaufort County’s peaceful wooded wetlands. Some of the noteworthy amenities include a resort-style swimming pool, full-featured business and fitness centers and an exclusive “members only” clubhouse. The interiors have been completely renovated with a nod to convenience and luxury. The Reserve at Woodbridge accurately reflects Paramount’s extensive experience with condo conversions and is certain to achieve similar success!

ABOUT PARAMOUNT

Paramount Companies of Florida, headquartered in Miami, Florida, is a leading Real Estate developer with over 25 years of trusted commercial, residential and industrial property experience. Paramount currently oversees the day-to-day operations of over 750,000 square feet of commercial and retail space, and their impressive residential portfolio includes communities throughout the US, with over 10,000 units nationwide as well as condominium conversions throughout Florida, Georgia and South Carolina.

For more information or to arrange an interview, please contact:

N5R Nelson Hudes (905) 660-9155

DATASOURCE: N5R

CONTACT: Nelson Hudes of N5R, +1-905-660-9155,

Web site: http://www.n5r.com/

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Friday, June 2nd, 2006

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