Wednesday, December 5, 2007

FAQ's about 545 Bennett


FAQ's About 545 Bennett Street

Prudential Gouger O'Neal & Saunders is excited to announce the opening of reservations for the dynamic development of 545 Bennett Street.

Nestled in the heart of North Carolina’s Sandhills is a premier location that combines the latest luxuries of living and commerce with the picturesque village feel. Southern Pines, located in Moore County, features a wide range of community establishments… from entertainment and recreational activities to upscale boutiques and gourmet restaurants. 545 Bennett will be the perfect place to live - close to shopping, recreation and business.

Spend your time experiencing the award winning golf courses or your exploring the historic, tree-lined streets enjoying fine dining and shopping. Navigate the beautiful natural areas surrounding Southern Pines on horse back, play tennis or swim in one of the many prestigious country clubs and take golf lessons in the same town which has hosted dozens of professional golf tournaments.

We have information available for you in person and online - whatever way you wish to discover this unique lifestyle, we are here to help you.

1. What is the first step for selecting a unit in 545 Bennett?
Let us help you become acquainted with the details of this residential and commercial development. Once you have discovered what you are interested in - the selection process is easy.
The client will select the location of the unit they wish based on the developers plan. Information and Plans are available online at http://www.545bennett.com/. The site selection includes townhomes and the mixed-use units for commercial space, flats and penthouse offerings.

2. How are the site selections secured?
We will take reservations with a refundable deposit ($2,500) to secure the unit the client wants.

3. When will the construction start and how long will it take to finish?
As soon as we have 7 deposits, the construction will begin. We anticipate that the townhomes will take 6 - 8 months for the first group to be completed. Once the project has begun, we anticipate a complete build-out in 24 months.

4. When does the deposit become non-refundable?
At the time the purchaser makes a final decision on the unit, the deposit will be non refundable and will be used by the developer for the construction. Additional funds will be required for the final contract.

5. Where will the construction start in the development?
The developer has marked the first phase of townhomes to be constructed along Illinois Ave.

6. How will the Broad Street Mixed Use building be reserved and developed?
The Office/Professional, Commercial space fronting on Broad Street will be reserved in the same manner as the townhomes. There are two main commercial spaces - One investor can buy both commercial spaces or each can be sold individually. Each space can be sub-divided as noted on the plans and built-out as needed for the desired use. The developer will complete the shell for the purchaser, just as they will complete the residential spaces.

7. How are selections made for materials in the units?
A list of products and allowances will be provided for the purchaser to select from. These selections can be coordinated with our decorator or yours.

8. Where can I see more information about the development?
Our Southern Pines office of Prudential Gouger O’Neal & Saunders (105 W Illinois Ave, Corner Illinois and Broad St – immediately next to this project) will be the base office for the sales of the project. We have renderings, floorplans and the project drawings available.
For online details and information log on to: http://www.545bennett.com/.
We can also coordinate a meeting with the architects for this development - Robert and Lynn Anderson of Southern Pines.

You may contact us at:
Prudential Gouger O'Neal & Saunders Real Estate
Southern Pines Office
Broad St Plaza - corner of Broad and Illionois
105 W Illinois Ave. Southern Pines, NC 28387
Phone: 910-692-2635
Toll-Free: 1-800-672-2228
Fax: 910-692-9793
545 Bennett direct line: 910-691-28449.

Are there reservation forms available to review?
Both Reservation forms and Contracts will be provided by the developer through Prudential Gouger O’Neal & Saunders. We have reservation forms available for review.

10. How are the units priced?
545 Bennett Street Unit Prices are estimates only at this time. Adjustments would be made for changes and upgrades as contracted by the purchaser.

All have stair-accessible roof terraces (ea. approx. 15% of total heated area), and balconies. E,F,H have elevator-accessible floors. G has option to be built with or without elevator and price would be adjusted accordingly.

Penthouses (in mixed-us building):
Located on Broad St side: estimated at $300 pr sq ft.

4 units – second floor of mixed use bldg with 2 car garage and roof garden. SQ footage TBD.

Mixed Use Commercial- Can be purchased in total or in two parts:
estimated at $190 per sq ft.
SE section- approx. 4050 sf maximum leasable; can be subdivided.: $769,500
NW section- approx. 3700 sf maximum leasable; can be subdivided.: $703,000, or $1,472,500 for both sections.

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