Letters from our Early Years

Holiday Newsletter - December 22, 2003

Happy holidays! This letter is going out to all of you – nearly 1000 at this point – who have signed up to be on our Glenwood Park mailing list. Thank you for your interest and support, and on behalf of the Glenwood Park team I wish you a joyous holiday season and a wonderful 2004. Please read on for some announcements and updates.

JANUARY 21, 2004 - GLENWOOD PARK RECEPTION AND PRESENTATION

Please save the evening of Wednesday, January 21 on your calendar for a reception and presentation at the Trolley Barn in Inman Park. This event will celebrate the beginning of vertical construction at Glenwood Park and will allow us a chance to make a personal presentation of our plans for the neighborhood. A more formal invitation about this event will be coming to you after the New Year.

JANUARY 24 AND 25, 2004 - SALES OPENING

The sales center at Glenwood Park will open for the first time on the weekend of January 24 and 25. This will be the first time that prospective residents will have an opportunity to enter into a contract to buy a home at Glenwood Park. The homes for sale on this first weekend will include15 to 21 single-family homes and 8 townhouses.

Many of you have been patiently waiting for this opportunity, and we want to make sure that you all have a fair, low-stress opportunity to purchase this first batch of homes. So, on this first sales weekend from the beginning of the day on Saturday to the end of the day on Sunday we will allow everyone the opportunity to make a reservation any home that is available for purchase. If by the end of the day on Sunday there are reservations on a given home by more than one qualified buyer, then to break the tie those buyers will be given an opportunity to make a sealed bid on the home, and the highest qualified bidder will prevail.

In the meantime, you can get more information on home buying opportunities through our sales agents at Coldwell Banker at 404-622-5144.

CONSTRUCTION PROGRESS

We are on the cusp of completing the earth and infrastructure work in the southern parts of Glenwood Park where the first buildings are to be built. We are behind schedule by several months for a variety of reasons, the biggest being the rain that we had from spring through mid-summer. But the light at the end of the tunnel is shining brightly now, and if we can just get a little stretch of dry weather and avoid any new surprises to slow us down, the first streets should be going in early January and we should be able to deliver lots to our builders shortly thereafter.

I’m sure that many of you who go by the site regularly must have been mystified by the seemingly random mountains of dirt and corresponding giant holes in the ground that have been out there. Well, me too. But here are some facts and figures about the work that has been going on out there.

We have relocated and replaced the broken down storm and sanitary sewer lines that cross the site by installing about 1500 linear feet of 72 inch diameter storm and 18 inch diameter sanitary sewer lines at a depth of up to 40 feet. That was really the first thing that we needed to do, and it took a loooooong time.

We have removed 40,000 cubic yards of wood chips that were buried on the site. That’s about 30 million pounds, and it would cover a football field to a depth of 36 feet! These chips were burned for energy production at a plant in Alabama.

We have broken up and recycled about 40,000 cubic yards (why does this number keep coming up?) of concrete that covered the site. The concrete has been mixed with dirt and buried on site and will for make some seriously solid foundations. We have also removed and recycled 190,000 pounds of metal from this concrete.

And, on a more minor but still aesthetically pleasing note, we have recycled 700,000 pounds of granite block that we will use in the parks of the new Glenwood Park.

As I mentioned above, all this work is very nearly complete in the southern part of the neighborhood where building construction will begin. With that complete, work will continue on finishing off the rest of the site work, including the construction of the parks and the remaking of the Glenwood-Memorial Connector into a tree-lined main street.

Thanks again for your interest in Glenwood Park. We feel more strongly than ever that this is going to be a neighborhood that people will truly love. The plans our builders have for the houses look great. The townhouses will set a new standard of desirability for Atlanta, in our opinion. The parks look great. Likewise the town center buildings. As all these plans become more and more defined, as the reality becomes more visible, we get more and more excited. Thanks again for your support and interest!

Sincerely,
Charles Brewer
Chairman, Green Street Properties