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Silverstone Communities opens sales at $78 million Park Broadway community in Millbrae, CA

Redwood City, CA - Silverstone Communities today announced that the $78 million Park Broadway community in Millbrae, CA will be opening for sales in February, 2008.

Park Broadway is located at 1388 Broadway in Millbrae, CA, 15 miles south of San Francisco and within easy reach of both the San Francisco and Silicon Valley job markets. Part of wealthy San Mateo County where home sales and prices remain among the strongest in the country, Millbrae boasts household earnings that are the 7th highest per capita in the country. Park Broadway's affordable homes will range from the mid-$600,000s to the high-$900,000s in a market where the median home price tops $1 million.

Park Broadway sits at the edge of Millbrae's downtown shops and restaurants and is just a short distance from the new public transportation terminal, offering connections throughout the Bay Area. Additionally, in an area where education is a top priority, the school district boasts both high test scores and small class sizes. It's a combination that makes Millbrae one of the San Francisco bay area's most desirable places to live.

"Park Broadway in Millbrae epitomizes our strategy of building stylish and affordable homes in the most sought-after locations," said John McMorrow, President of Silverstone Communities - Northern California. "Millbrae's prime location and upscale amenities make it exactly the kind of place our highly educated homeowners are looking for, and we are confident that the Park Broadway community will be an instant success."

Designed as an urban retreat, Park Broadway is a four-story mid-rise community with 96 homes on the top floors and 13 live-work lofts on the ground level, fronting El Camino Real. Eight home designs feature 665 to 1,854 square feet of expertly-designed living space, with one, two and three bedrooms. An under-ground gated garage offers ample parking for residents. This pedestrian-friendly community features contemporary architecture with two private interior courtyards, an outdoor fireplace, a spa and fitness center.

About Silverstone Communities - Northern California, LLC

Silverstone Communities is a residential housing developer focused on creating affordable and desirable homes exclusively in pedestrian-friendly city centers and suburban downtowns, close to transportation, high-quality schools, shopping and recreational venues. This successful strategy has earned Silverstone a powerful reputation for fashioning homes and communities that capture the essence of metropolitan living. Silverstone Communities – Northern California is currently developing five communities with a combined projected revenue of $330 million. Together, Enclave in Santa Clara, Birch Terrace in Pleasanton, Park Broadway in Millbrae, Santana Terrace and Santana View in San Jose, and Peninsula Real in Los Altos will offer approximately 410 lofts, condominiums, townhomes and detached single family homes in some of Northern California's most desirable locations. Recently, Silverstone closed out its first development of 80 condominiums and 19,000 sq. ft. of retail space at Villagio in Cupertino, which quickly became one of the fastest-selling communities in the Silicon Valley. For more information, visit www.SilverstoneCommmunities.com.

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