AWARD WINNING TOWNHOMES HIT THE MARK FOR SAVVY BUYERS

Independence Court, the award-winning townhome community in Philadelphia's lively and historic Queen Village neighborhood, posted record-breaking sales in the fourth quarter of 2006, selling out its first phase in mid-December.

Just steps from the vibrant Penn's Landing waterfront and across the street from scenic Old Swedes' Church, Independence Court has played a key role in the revitalization of the Queen Village area. The townhomes' all-brick exteriors, Palladian windows, and charming wrought iron details blend seamlessly with their elegant surroundings, while their innovative floor plans and abundant interior space have been a huge selling point for today's buyers.

Construction on Phase II, the highly anticipated Queen Street location, will begin in March, with completion of the first five homes expected in October, 2007. Beginning at just $679,900, the Queen Street pricing represents an outstanding value for a luxury townhome in a prime location.

"Independence Court is a very unique setting," said Dyanna Ruggiero Burns, Marketing Director of Ruggiero Development Group and Tropea Communities. "Where else in the city can you find an enclave of just 50 homes, each with a garage and deck, a neighborhood gazebo, instant access to 95, 676, great shopping and dining and day care across the street."

The decision to purchase at Independence Court makes good long-term sense as well: In addition to the 10-year real estate tax abatement offered by the City of Philadelphia, every townhome includes Tropea Communities' extraordinary 10 year warranty - a commitment unmatched by other builders.

The Sales Center and Decorated Model, located at 3 Christian Street, are open daily from 11 a.m. to 5 p.m. A representative GMAC mortgage is available for a private consultation on Sunday's from 2p.m. to 5p.m. For more information about Independence Court call the Sales Center at 215-467-1373.

About Tropea Communities
Tropea Communities and Ruggiero Development are premier developers and builders of residential communities in Pennsylvania and Delaware. The companies share a commitment to creating outstanding communities through environmentally responsible land development, forward-thinking neighborhood planning, innovative home design and superior building practices.

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