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FOR IMMEDIATE RELEASE
July 31, 2008

Faison's Waterlynn Ridge Apartment Community Celebrates Grand Opening in Mooresville

Charlotte, NC  — July 31, 2008 — On July 10th, Faison held its ribbon cutting ceremony celebrating the opening of its 312 unit Waterlynn Ridge apartment community.  The first buildings were complete in April with all units to be complete by the end of this year.  The community offers residents a mix of 1, 2 and 3 bedroom units with prices ranging from the mid-$700’s to over $1200.  The community features a beautiful clubhouse with a NASCAR inspired media room, a state of the art fitness facility and built-in poolside cooking areas overlooking the community swimming pool. 

Waterlynn Ridge is located in the Mt. Mourne area of Mooresville off Exit 33 and is within a mile of the Lake Norman Regional Medical Center and the corporate headquarters for Lowe’s Home Improvement Warehouse.  The neo-Craftsman architecture at Waterlynn Ridge was created by The Preston Partnership, and was built by general contractor Superior Construction. The fully furnished 1 and 2 bedroom models feature stunning modern interior designs by Raleigh’s Julia Brooks Design.

“Faison is excited about the Waterlynn Ridge community and to be an active participant in Mooresville’s on-going growth.  We expended extra effort on the architectural details and landscaping and are extremely pleased with the look and feel of the neighborhood,” stated Neil Kapadia, Managing Director of Residential Services at Faison. “Waterlynn Ridge will provide residents with a beautiful home in a location that is very convenient to all of Mooresville and North Charlotte’s work centers.”

Waterlynn Ridge is part of the larger Waterlynn Place development that will, upon completion, include office, town homes and single-family residences in addition to the apartment community.  Faison is now in the process of securing a builder to build 64 town homes adjacent to Waterlynn Ridge. 

Faison Enterprises, Inc. is a privately-held development company with a diversified product portfolio that includes retail, commercial and residential project development, management and acquisitions services. With more than 40 years in the business and holdings of approximately $1 billion, including $600 million of new projects under development, the Charlotte NC based company manages and develops properties throughout the South and Mid-Atlantic and maintains regional offices in Bethesda MD, Washington DC, Charlotte NC, Atlanta GA, and Orlando FL. For more information please visit www.faison.com.

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