MORRIS COUNTY DEVELOPER STAYS "ONE STEP AHEAD" WITH THE PROMENADE AT SUMMIT

ROXBURY, NJ, OCTOBER 2007 – Diversified Properties, headed by the Company's Principal, Nicholas Minoia, is a full-service real estate group having the resources and vision to address the challenges of today's real estate market. Mr. Minoia has conceived and developed numerous, high profile projects in New Jersey, New York (including Manhattan) and Connecticut.

One of his recent projects Fairways Edge in Roxbury, located in a charming country setting bordering the Flanders Valley Golf Course, offers such an idyllic setting that Mr. Minoia and his wife Danielle decided to become residents of the community themselves.

Mr. Minoia's success is attributed to his ability to be "one step ahead" of the trends in the real estate market. His vision has been pivotal to the success of projects he created and/or Joint Ventured as a Senior Partner with two of the largest and most successful residential and commercial real estate developers in the country, both based in New Jersey.

It is this vision that has led him to create his newest project, The Promenade at Summit, which promises to be one of the most unique and successful mixed-use developments in New Jersey. Conveniently located at 545 Morris Avenue, just blocks from downtown Summit, The Promenade features 22 upscale condominiums and a limited number of custom designed, single-family homes, as well as over 15,000 square feet of upscale retail and office space. The Promenade is perfect for empty nesters, first-time homebuyers and those wishing to reside in such an ideal location as Summit.

Luxury Condominiums Feature Elegant Touches
The community of 22 luxurious 2-bedroom condominiums average 1400 square feet of living space which feature spacious 9 ft. ceilings inside soffited areas, designer gourmet kitchens with raised panel oak or maple wood cabinets, granite counter tops, top-of-the-line stainless steel appliances, as well as master suites with walk-in closets and private bathroom, oak hardwood flooring, energy efficient amenities and the latest technology. Also included is a private underground garage and elevator access. Preconstruction prices range from the high $500's to low $600's.

Single Family Homes – Upscale Living at an Amazing Value
A limited number of upscale 4-bedroom homes offer 2500 - 3500 square feet of living space which feature impressive 9 ft. ceilings throughout the first floor, designer gourmet kitchens with raised panel oak or maple wood cabinets, granite counter tops, top-of-the-line stainless steel appliances, spacious master suites with walk-in closets and a large private bathroom, energy saving features – thermostat, windows, 75 gallon gas hot water heater, 2-zone gas warm air/heat and central AC. Elegant exteriors are designed for beauty and energy-efficiency. Prices range from the mid $800's.