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Bluegreen Corporation announces grand opening of Chapel Ridge

Posted Saturday, August 7, 2004

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Boca Raton, Fla - Bluegreen Corporation (NYSE: BXG), a leading U.S. developer and marketer of drive-to timeshare resorts ("Bluegreen(R) Resorts") and planned residential and golf communities ("Bluegreen Communities"), announced the availability of Chapel Ridge(TM), its newest Bluegreen Golf Community located in Chatham County, North Carolina.

Chapel Ridge is centrally located between Chapel Hill/Durham, Cary/Apex, Sanford/Siler City and the Triad areas, and is convenient to Research Triangle Park, The University of North Carolina at Chapel Hill, Duke University and RDU International Airport. Chapel Ridge is comprised of approximately 800 acres on which 580 custom homesites will be developed. More than 390 acres of amenities are planned, including a Fred Couples Signature Golf Course, a clubhouse and conservation areas.

Sales at Chapel Ridge commenced July 9, 2004 and the grand opening is scheduled for August 6, 2004. Homesites will range from approximately 1/3 to 3/4 acre, with estimated prices ranging from $75,000 to over $150,000 per homesite, based on a variety of criteria.

George F. Donovan, President and Chief Executive Officer of Bluegreen, stated, "Chapel Ridge is the third Bluegreen Golf Community in North Carolina and the fourth Community overall in the state. We continue to strengthen our presence in this region of the country, which is consistently ranked among the best places to live and retire due to, among other things, its climate, natural beauty, and proximity to universities, medical facilities and business centers. We are proud to add this newest neighborhood to our growing portfolio of properties."

 
Related info:
Bluegreen Corporation
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Bluegreen Corporation announces grand opening of Chapel Ridge

Related info:
Bluegreen Corporation
 
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