HAMLET HOMES APPLAUDS DRAPER CITY FOR PROTECTING ITS CITIZENS

Hamlet to proceed with final phase of its Stoneleigh Heights Community at SunCrest

  Draper, Utah (July 30, 2007) – Acknowledging Draper City’s concern for the safety of its residents and home owners, Hamlet Homes praised the Draper City Council’s recent approval to develop the final phase of its Stoneleigh Heights community at SunCrest. The approval came following Hamlet’s extensive analyses of geological and slope stability in the Stoneleigh Heights Community to assure the safety and investment of homebuyers. “Because of concerns raised by members of the Draper City Council, Hamlet Homes was asked to conduct significant additional geological investigations to determine that we were, in fact, building under the safest conditions,” said Michael Brodsky, CEO of the Hamlet companies. “While our initial geological analyses had assured us of the stability of this area, we dedicated ourselves to working with Draper City to provide them with the additional data they requested. In the wake of media coverage about failing hillsides in Draper, the city’s extensive entitlement requirements demonstrate its care for its citizens’ safety.” Throughout the extended process, an independent consultant hired by Draper City provided independent review of Hamlet’s geologic study. The thorough process included extensive trenching into the earth, soil borings and detailed analysis of existing geologic configurations. Careful scientific measures taken during this nearly year-long effort, led experts to conclude that the proposed development area is not underlain with historic landslides, contrary to published reports about other areas within Draper city limits. “Hamlet Homes deserves our recognition for conducting a very thorough investigation,” said Councilmember Bill Colbert. “The extensive analysis found no evidence of any slide risk.” With the city’s approval marking the end of a challenging and difficult entitlement process, Hamlet’s development team is quickly mobilizing to prepare the site for home building. The city’s request for additional geologic studies has pushed back the release of this final phase of Hamlet’s Stoneleigh Heights community by almost one year. “Now that Draper City Council is completely satisfied this site meets the highest safety standards, it has reached out to assist us in moving forward with the building process as expeditiously as possible,” added Brodsky. “We applaud their unfailing standards and their assistance now as we move forward in completing this dynamic community.” Stoneleigh Heights has been a tremendously successful community for Hamlet Homes, having built and closed more than 120 townhomes. Breathtakingly beautiful view corridors and the award-winning design of the Stoneleigh Heights townhomes have been very well received by the public. Hamlet will commence development on this final phase and will shortly determine a new schedule for the sale release of these popular homes. Further information on Stoneleigh Heights is available at www.hamlethomes.com or by calling the main office at (801) 281-2223.

About Hamlet Homes

Hamlet Homes (www.hamlethomes.com) crafts quality, customer-oriented homes, ranging from condominiums and town homes to single-family homes located in attractively designed neighborhoods in northern Utah. In addition, Hamlet is a leader of urban redevelopment, transit-oriented communities. Since the company’s founding in 1995, Hamlet Homes has constructed more than 2,650 homes in 35 communities. The company is continually striving to meet and exceed the expectations of its homebuyers and live up to its brand of “Great Homes. Great People. Great Experience.” In 2004 and 2005, Hamlet was awarded the Builder of Integrity Award from the Quality Builders Warranty Corporation, and in 2003, 2004, 2006 and 2007, Hamlet was awarded Utah’s Best of State medal for residential construction. Located in Salt Lake City, Utah, Hamlet Homes is part of the Hamlet group of companies, which also includes Hamlet Development, Stirling Mortgage and Diversified Habitats.