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PRESS RELEASE: CHAPEL RIDGE

Thursday, May 01, 2008

Chapel Ridge: Pittsboro, North Carolina

CHAPEL RIDGE COMMUNITY CONTINUES SALES SUCCESS WITH THE RELEASE OF FINAL NEIGHBORHOOD!

FOR IMMEDIATE RELEASE PITTSBORO, NORTH CAROLINA – The Estates at Chapel Ridge, the vibrant, fast-growing local community, sold nearly 40% of its remaining inventory over the last year and just recently held a very well attended Home & Builder Showcase event.

At the Chapel Ridge Spring 2008 Home & Builders Showcase held Saturday, March 22, an excited crowd turned out in force to tour over 20 model homes, meet with builders and enjoy a special clubhouse lunch. There was also an Easter egg hunt for children and golf demonstrations for adults.

In all, 225 people attended the special event, which coincided with Chapel Ridge’s recent release of several of its last remaining homesites within its Estates neighborhood at special low prices. Already more than 700 families have decided to make Chapel Ridge their home.

So how has this gated, master-planned golf community from renowned developer Bluegreen Communities® continued to grow so rapidly?

“I think you can point to a number of reasons,” said Chapel Ridge Sales Manager Jens Hoeg. “There are our resort-style amenities, our golf course specially designed by Masters Champion and 2009 President Cup Captain Fred Couples, and our estate-sized homesites overlooking some truly breathtaking Carolina countryside.”

Chapel Ridge also offers buyers the unique opportunity to purchase golf, nature, creek and hilltop view homesites with no time restrictions on when to build. Homesites, which range in size from one-half to 3 acres, are sold directly by the developer, Bluegreen Communities, starting from the $100s. Buyers can then build their dream homes when they are ready with the builder of their choice.

Here’s what one couple has to say about Chapel Ridge:

"We visited and kind of went wow,” said Glenn and Christy Wells. “You feel like you were in the foothills of the mountains, yet you have the conveniences of all the towns nearby. We saw the place and just loved it on the first visit. It's the kind of community where you want to raise your child because it's got the small town feel. They have the pool and it's family-friendly, they've got a park-like setting with the swings and slide, basketball courts, soccer field, and rock-climbing wall. They've got a lot of special things that come with the community to make it unique."

Chapel Ridge sits on over 1,000-acres of rolling countryside, with access to the conveniences of Chapel Hill, Raleigh and Durham. In addition to a Fred Couples Signature Golf Course, Chapel Ridge also features a clubhouse, swim and tennis center, and all of the natural beauty of North Carolina land.

To schedule a private tour of the remaining Chapel Ridge homesites, please call 1-866-495-4041. The Chapel Ridge Sales Office is open daily at 5229 Old Graham Rd, Pittsboro, NC 27312. More information about Chapel Ridge is available online at www.chapelridgeinfo.com.

About Bluegreen Communities:

NYSE-traded Bluegreen Communities® has proven itself a reliable and experienced developer creating high quality, master-planned communities like Chapel Ridge for over 40 years.

Bluegreen Communities® has developed top-rated communities in some of our nation's most coveted areas. The company's commitment to responsible land use, environmental protection, as well as to the safekeeping and conservation of its communities through reasonable protective covenants ensures that they can be enjoyed by generations to come.

Bluegreen partners with legendary golfers such as Masters Champion Fred Couples, developing beautiful and challenging courses with the best designers in the business. All matched with our unparalleled record of producing stellar communities with world-class amenities in some of the most desirable locations in the U.S.


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