FEBRUARY 14, 2007

SALES IN PACIFIC CROSSING

FOREST GROVE--Sales have begun on Renaissance Homes’ $132 million, 294-home Pacific Crossing here on Goff Road just off Highway 8, this community’s largest residential development in at least 20 years, according to the city planning department.

With few signs and no fanfare, company officials said they’d taken 15 reservations prior to opening sales on the 50-lot first phase and were optimistic that several factors would help Pacific Crossing sales get off to a fast start.
“This is a wonderful location in an idyllic small college community. We’re able to be very aggressive with our pricing and this will be a chance for people to get the upscale finishes standard in a Renaissance home at least $100,000 less than in our other communities,” said Randy Sebastian, Renaissance president.

The firm purchased the 64.72 acre property a few blocks west of downtown and the Pacific University campus in 2002 before the hot real estate market created another major jump in land prices, he explained. “We’re passing this along to our buyers here,” Sebastian said.

Homes at Pacific Crossing, which is Renaissance’ largest metropolitan area neighborhood to date, will range from 1,786 square feet with two bedrooms and two baths to 4,331 square feet with four bedrooms and 3.5 baths. Opening base prices will range from $369,900 to $543,900. There will be a mix of two and three car garages and one model will have an optional five-car tandem garage.

Relatively large lots ranging from 5,000 to 8,000 square feet have allowed Renaissance to offer an unusually wide range of housing, including single floor, master bedroom on main floor and daylight basement models.

“There’s a lot of interest in single floor and daylight basement homes. The larger lots here allow us to include three single level homes of 1,786 square feet, 1,811 square feet and 2,124 square feet, including two relatively new plans. Since the topography is gently rolling, we also have great views of the nearby coast mountains and there are three daylight basement plans available,” said Lee Wells, Pacific Crossing community manager.

A 2,994-square foot master bedroom on the main floor model home will be one of two completed in February. The first residents are expected to move in by early summer.

Besides the wide range of housing styles, Pacific Crossing will have a park with swimming pool, 2,000-square-foot clubhouse, sport court, kids playground, walking paths and open spaces.

“We’re able to offer the amenities of a master planned community here because we were able to acquire land that was large enough. It’s going to be an interesting community with meandering streets, not a typical square-lot subdivision,” Wells said.
Wells said he expects the Forest Grove community to be a good draw for prospective buyers.

“This is a university town with the sophistication that implies. At the same time, there’s a smaller community atmosphere here and we’re close to the coast, wine country and the high tech job base in Washington County,” he said.

All homes will be built to Renaissance’ “Living Green” standards, a group of environmentally sound building techniques which save money on energy and exceed the Earth Advantage program, on which it is based.

Living Green requires use of kiln dried lumber and special paints which eliminate the usual “off gassing” from those products as well as air filtration. Systems also have been developed to seal duct work and circulate fresh air throughout the home every 90 minutes when people are home.

The firm’s crews actually have moisture testing equipment to make sure lumber meets the required dryness specifications.
“Keeping paint and other vapors out of the air may not sound like much to many people, but anyone suffering from allergies or asthma will immediately recognize the benefit from this part of the program,” said Wells.

Living green also calls for use of such composite materials as fiber cement siding, “engineered” wood and composition roofing to reduce demand on Northwest forests. Renaissance’ Pacific Crossing homes go farther than traditional “green” building programs with an exterior package called Rain Screen.

Developed in Vancouver BC, Rain Screen is an exterior wall system that furs out the siding by a half inch to allow a channel of air circulation between the siding and the house wrap. This circulates air throughout the exterior of the house so it can “breathe” better. Any moisture which invades the space also runs through rather than seeping behind house wrap or plywood and causing dry rot and mold.

Additional information on Pacific Crossing is available from Wells at 971-563-6358 and Brett Grantham, 503-969-8556 or on the web at www.renaissance_homes.com.

Renaissance Homes is one of Oregon’s largest residential builders and the first major builder committed to 100 percent green building. Besides Forest Grove, the firm has neighborhoods underway in Sherwood, West Linn, Happy Valley, Wilsonville, Beaverton, Vancouver, Camas, southwest Portland, on the Oregon Golf Association golf course at Tukwila and in Bend.



Renaissance Homes

16771 Boones Ferry Road
Lake Oswego, Oregon 97035
Voice: 503-636-5600
Fax: 503-635-8400
Emergency Service: 503-496-0711 or 866-567-6225