Golf News for Wednesday, March 22, 2006 | Real Estate

Luxury development in Delaware earns real estate accolades

Luxury Development Earns Multiple Real Estate Honors

-The Peninsula on the Indian River Bay Wins Unprecedented Nine Regal Awards-

MILLSBORO, Del. (March 15, 2006) -- The Peninsula on the Indian River Bay, a luxury gated community featuring Delaware’s first private Jack Nicklaus Signature Golf Course was honored with nine awards at the 13th Annual Regal Awards, a prestigious real estate industry event recognizing real estate achievers and leaders.

The Peninsula development received numerous accolades, including:

* Best Brochure for a Community with an Average Selling Price over $750K (Custom Lot Brochure)
* Best Website for a Local Builder
* Best Interior Merchandising Merit Award for a Single Family Resort Home with an Average Selling Price over $350K- The South Beach
* Best Multi Family Resort Home- The Malibu
* Best Single Family Resort Home with an ASP over $350K- The Hampton
* Marketing Director of the Year- Melissa Firetti
* Sales Associate of the Year- Kevin Burke
* Highest Sales Volume- Kevin Burke
* Diamond Award for Sales over $45 Million- Kevin Burke

Many of The Peninsula’s custom home builders, including Echelon and Atlantic Homes garnered additional awards in categories such as Best Interior Merchandising for a Single Family Resort Home with an Average Selling Price Over $350K – The Iris (Echelon), Best Direct Mail Piece for a Builder – Atlantic Homes at The Peninsula (Atlantic Homes), Best Interior Merchandising for a Single Family Home over $750K and Best Single Family Home with an Average Selling Price over $750K – both for The Zachary (Atlantic Homes).

“These prestigious awards only reinforce our vision and commitment in creating a first-class residential golf community,” commented Larry A. Goldstein, president of Odyssey Development and the developer of The Peninsula. “I am honored and proud to have such an accomplished sales and building team working on this magnificent community.”

To date, The Peninsula is well ahead of its sales forecast with over $198 million in sales.

The Peninsula on the Indian River Bay is Delaware’s first private gated, luxury residential golf resort, set on nearly 800 acres and surrounded by water on three sides. The centerpiece of The Peninsula will be Delaware’s first private Jack Nicklaus Signature Golf Course, managed by Troon Golf, scheduled to open in spring 2006. The Lakeside Village Center will offer casual dining, a gourmet market, as well as a host of facilities for the active-minded, including two pools, a wave lagoon with water slide, a state-of-the-art athletic club and spa, and a tennis center. When completed, The Peninsula will include more than 1,400 residential units ranging from luxury condominiums to custom homes. The developer is Peninsula at Longneck, LLC, a joint venture between Odyssey Development Group, McLean, VA, and L.M. Sandler & Sons, Inc., Virginia Beach, VA. To learn more about The Peninsula visit www.peninsuladelaware.com.

David Gautschy
Quinn & Co.
520 Eighth Ave., 21st Fl.
New York, NY 10018
T: 212.868.1900 x247
F: 212.465.0849
dgautschy@quinnandco.com
www.quinnandco.com



 
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