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Attachment A <br />GARDEN STATION UPDATE <br />JULY 12, 2017 <br />CONSTRUCTION UPDATE <br />Phase 1 is entirely complete. <br />Phase 2 began construction May 1, 2017. It consists of two buildings with three units each. Both <br />buildings are currently being framed. <br />Goal is to start Phase 3 around September 1, 2017. <br />MARKETING UPDATE <br />Phase 1 – 6 units <br />Closed: 6 <br />Phase 2 – 6 units <br />Occupancy Fall 2017 <br />Sale Pending: 4 <br />Available: 2 <br />If these units do not sell prior to completion, we will make one the new model. <br />o <br />Phase 3 – 6 units <br />Occupancy Spring 2018 <br />Sale Pending: 2 <br />Available: 4 <br />Spring and early summer were very active with many potential buyers going through Garden Station. The quick <br />influx of spring sales allowed us to move forward with Phase 2 as hoped on May 1, 2017. We are planning on <br />mid to late fall occupancy for Phase 2. <br />We have also received two purchase agreements for Phase 3 along Lovell Avenue and there has been interest <br />expressed by several other buyers for the homes along Lovell. The goal for Phase 3 will be to begin this fall, <br />keeping us on track for a spring or summer 2018 completion. <br />