COMMUNITY NEWS

Cardel Homes to Build New Model in MiraBay’s Newest Neighborhood

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MiraBay

Apollo Beach, Florida

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MiraBay Community Moves Forward with New Cottage Collection

Tampa, Fla. – MiraBay, by Newland Communities, is pleased to announce that Cardel Homes, one of North America’s most prominent homebuilders, has closed on its initial homesites in the coastal community’s new Bay Breeze neighborhood and will commence construction of a new model home in the first quarter of 2010. The purchase marks MiraBay’s expansion of its product offering to attract new buyer groups as well as Cardel’s interest in providing homes that complement MiraBay’s coastal living experience.

Cardel’s announcement comes on the heels of the builder’s recent commitment to build and sell homes in MiraBay’s Lagoon Cove neighborhood.

“It’s very exciting to see Bay Breeze moving forward,” said Vaike O’Grady, marketing director for MiraBay. “Cardel’s commitment to the new neighborhood indicates their belief that homebuyers can enjoy the coastal lifestyle of the community even without docks in their backyard.”

The Bay Breeze neighborhood, located adjacent to Wolf Branch Creek Nature Preserve, will feature just 134 homes. Ranging from 1,500 to 2,500 square feet with alley-loaded garages, the new designs will work for first-time homebuyers as well as empty-nesters looking to downsize. With prices starting in the high $100,000's, the new neighborhood, set to launch in early 2010, will allow the waterfront community to expand while providing new residents with all the enjoyment that comes along with the coastal lifestyle.

About MiraBay
MiraBay by Newland Communities is a 750-acre waterfront residential community located 20 miles south of Tampa in Apollo Beach, Fla. The community features The MiraBay Club, a 10,000-square-foot clubhouse with a spa, fitness center, resort-style pool, and tennis and basketball courts. Upon completion, MiraBay will have about 1,900 single-family homes, custom homes, townhomes and villas. The community abuts Wolf Creek Nature Preserve and offers a 135-acre man-made lagoon and a 3.5-mile canal system with direct boating access to Tampa Bay. MiraBay was honored by the Hillsborough County City-County Planning Commission for having the Tampa Bay area’s best master-planned community design in 2002, and its builder partners also have won national design awards.

About Newland Communities
Newland Communities is the largest private developer of planned communities in the United States. With a legacy that began in 1968, Newland specializes in comprehensive residential and urban mixed-use master planning with expertise in leading large-scale, single- and multifamily new-home communities. Headquartered in San Diego, Newland and its affiliated companies are currently developing and managing nearly 40 projects in 14 states.

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