OCTOBER 27, 2006

Renaissance Homes Opens Fisher’s Landing Neighborhoods

Renaissance Homes has opened sales simultaneously on two new neighborhoods adjacent to each other in the Fisher’s Landing area of Vancouver.

Renaissance President Randy Sebastian announced the opening of The Lakes, a $30,8 million gated town home community and Hiddenbrook, a $13.4 million paired town home community on SE 43rd off Hiddenbrook Drive.

The 88 town homes at The Lakes will run from 1,651 square feet with two bedrooms and 2.5 baths to 2,966 square feet with three bedrooms and 2.5 baths. Base prices will range from $399,900 to $499,900.

Hiddenbrook will have 28 homes ranging from 1,613 square feet to 2521 square feet and from two to three bedrooms with 2.5 baths. Base prices will run from $359,900 to $422,900.

Although the two neighborhoods are adjacent on one of the last available parcels in the popular Fisher’s Landing, Sebastian said he decided to give them different names “because each has a distinctive personality because of the type home and the land”.

He described The Lakes as “Fisher’s Landings most upscale town homes. Hiddenbrook will have all the upscale touches expected in a Renaissance Home, but will be priced for someone looking for a little lower price point,” he said.

“We know there is a growing demand for luxury town homes from people who travel or who have second homes and don’t want the maintenance of a standard fully detached home,” Sebastian said.

The Lakes builds on the success of the firm’s popular Peterkort Woods, its first town home neighborhood, near St. Vincent hospital just north of Highway 26 in Southwest Portland.

“By watching the success of Portland’s downtown Pearl district, we knew there was high demand for upscale multi-family housing condominium and town homes in downtown. The success of Peterkort showed that there also is a demand for high quality town homes elsewhere in the metro area,” Sebastian said.

New at The Lakes is a one story town home, difficult to find in today’s market, and most of the homes are being positioned to take advantage of the two small lakes and stream on the property’s west edge, said Katrin Crum, community manager for both properties.

“We’ve really been careful to preserve a lot of trees and provide a lovely green space to keep a resort feel here. There is a walking path along the lakes and stream,” Crum said.

Hiddenbrook’s paired town homes mean that each home is an end unit, she said, adding that this is their first appearance in the Portland area after a successful introduction by Renaissance in one of Seattle’s more trendy neighborhoods.

“These are nice level home sites and there is more open space in back than at The Lakes. We’re able to have a nice private patio with each home and some back to a green belt,” she said.

Homes in both neighborhoods have two car garages.

A model home at The Lakes is expected to be completed early in 2007 with first move-ins by late spring or early summer. Initial Hiddenbrook homes should be complete in February with first move-ins in early spring.
More information on The Lakes and Hidden Brook is available from Crum or Christine Woffard at 503-969-8814 or by e-mailing rensummit@renaissance-homes.com

A sales office is located at 17908SE 43rd Street and is open Noon to 5 p.m. Monday through Friday and 10 a.m.-5 p.m .Saturday and Sunday.

Renaissance Homes is one of the Portland-Vancouver area’s largest builders and is on target to increase sales by 40 percent over 2005. The firm had $114 million in sales through Sept. Of this year.

Vancouver and Camas are among Renaissance’s largest markets. The firm also has neighborhoods underway in Sherwood, Happy Valley, Wilsonville, Beaverton, West Linn, southwest Portland, on the Oregon Golf Association golf course at Tukwila and in Bend.



Renaissance Homes

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