COLDWELL BANKER NEW HOMES ANNOUNCES THE OPENING OF FAIRWAYS EDGE AT FLANDERS VALLEY IN ROXBURY – HOMES AVAILABLE FOR QUICK DELIVERY

CHESTER, NJ, FEBRUARY 16, 2005 – Coldwell Banker New Homes, one of the nation's largest, award winning residential brokerage firms, is pleased to announce the opening of a new subdivision – Fairways Edge at Flanders Valley, a lovely collection of 12 estate homes each set on more than an acre of wooded property bordering the Flanders Valley Golf course in Roxbury. Prospective home purchasers are urged to visit the community for the 3,451 square foot colonial style Wellington model is currently available for immediate delivery. What's more, the 4,005 square foot Brookfield model is underway for 90-day delivery. Other home styles are also under construction for quick delivery. Prices at the community start at $699,990.

Fairways Edge at Flanders Valley is the latest in a long line of successes for builder Diversified Properties of Roseland, New Jersey. According to Coldwell Banker Regional New Homes Specialist Bonnie Ellingwood, "Diversified Properties is well known for its attention to detail and insistence on utilizing only the finest available materials in every home they build. This approach is especially evident in the prestigious Diversified–designed custom homes at Ridgeview Estates in Bergen Country and Bear Rock and Point View in Morris County. In all of these homes, as at Fairways Edge, purchasers recognize that each home perfectly reflects their personal choices."

She continues, "This commitment to purchasers begins at the top. Diversified Properties enjoys the leadership of Principal Nicholas Minoia, a former executive with some of the state's most renowned development companies. Mr. Minoia, with more than 25 years of planning and home building experience, has been a dynamic central figure in the design of literally thousands of homes, including custom single family homes and upscale townhomes at a multitude of hallmark communities in New York, New Jersey and Connecticut." She concludes, "He takes great personal satisfaction in working closely with his customers, not only building trust, but also new homes that meet their specific needs and complete satisfaction."

In keeping with Mr. Minoia's design philosophy, each home that adorns the wooded properties of Fairways Edge will be a unique expression of its owner. Site Manager Patsy Soden of Coldwell Banker in Chester notes, "These homes will be filled with lovely details, unique charm and just the right amount of space for all of today's home purchasers' needs."

She continues, "In addition, all homes have city water, sewer, natural gas heat, and properties back up to the Flanders Valley Golf Course. Purchasers can choose from six floor plans ranging from 3,260 square feet to 4,374 square feet with multiple elevations. Welcoming foyers with beautiful hardwood floors will lead into formal areas perfect for entertaining guests in either the expansive dining room or elegant living room both with beautiful crown molding. For more casual affairs, the family room will be spacious and open, overlooking the Flanders Valley fairways. The kitchens will feature a granite center island and countertops, state of the art General Electric appliances, Kitchencraft wood cabinetry in choice of finish, and plenty of space – perfect for get togethers with family and friends."

Upstairs, the grand master bedroom suite will pamper and soothe even the most demanding of purchasers with a large bedroom area, walk-in closets and sitting room. The lavish master bath will become a favorite retreat with whirlpool tub, glass enclosed shower stall, twin sinks and elegant Kohler fixtures. Three additional bedrooms with large closets and full bath provide plenty of family space.

Other unique features of the homes at Fairways Edge include brick or stone accented exteriors, a fine array of Pella windows and doors, a blue stone walkway and a three-car garage.

The homes of Fairways Edge are complimented by their wonderful location right next to the Flanders Valley Golf Course and all that the Township of Roxbury is famous for. According to Soden, "Roxbury prides itself on its outstanding school system, its beautiful parks and the wide variety of amenities and activities available within its borders, from the Horseshoe Lake recreation area to golf at nearby courses and ranges to the plethora of local Revolutionary War-era historical sites." She adds, "Yet, Roxbury is approximately 50 miles from Manhattan and offers easy access to Interstate 80 and Routes 10 and 46. This ideal location allows Roxbury to host a thriving business community of its own, and many restaurants and national retailers flourish at its crossroads."

Prospective home buyers, who are searching for a truly elegant estate home in one of the state's most beautiful suburban settings, are encouraged to visit Fairways Edge at Flanders Valley on Saturdays and Sundays from 1 p.m. to 4 p.m. To visit, take Route 80 to Route 206 South. Proceed 4.1 miles on Route 206 to the Flanders/Bartley Road jug handle (just before the railroad overpass). Follow signs left for the U-turn and cross over Route 206 onto Flanders/Bartley Road. Proceed 1.7 miles to the Sales Trailer on the right. For additional information, please contact Site Manager Patsy Soden of Coldwell Banker in Chester at (908) 879-3374. Or visit the award winning web site at www.ColdwellBankerMoves.com.

Coldwell Banker Residential Brokerage in New Jersey/Rockland County, N.Y. is a member of the NRT family of companies. NRT Incorporated, a subsidiary of Cendant Corporation (NYSE: CD), is the nation's largest real estate brokerage company. NRT has more than 950 offices and 55,000 sales associates operating in more than 30 of the nation's largest metropolitan markets. In 2004, NRT posted a real estate industry record of $167 billion in closed sales volume.