Costa Pacific Homes Holds Grand Opening of Villebois Village Center, Partners with Starbucks to Introduce New VIA™ Ready Brew

Leading area master planner and developer unveils newest homes in Villebois community and new instant coffee from the nation's leading coffee company.

Wilsonville, OR (Vocus) May 1, 2009 -- Costa Pacific Homes (http://costapacific.com/) recently announced it will host the official Grand Opening of the award-winning Villebois Village Center (http://www.villebois.net/) in Wilsonville, Ore., on Sat., May 16 and Sun., May 17, 2009, between 11 a.m. and 6 p.m.

In addition to partnering with Starbucks to promote its new VIA™ Ready Brew, the award-winning master planner and developer will also open the doors of its newly completed Carvalho Condominiums (http://www.costapacific.com/villebois.php?view=elevations-floorplans&home=lagos). These new homes are available in both one-level flat and two-story townhome-style designs with four distinct two bedroom/two bathroom floor plans. Ranging in size from 1,291 to 2,102 square feet and mere steps from the future site of the lively Piazza Villebois, these new homes are ideally suited for a broad range of home buyers - from young professionals to empty nesters.

Priced between $291,900 and $398,900, the Carvalho Condominiums feature spacious kitchens with GE Home Essential appliance packages, gas fireplaces and Kohler fixtures as well as one and one-and-a-half car garages and covered porches.

Also located in the Villebois Village Center are the Seville Rows (http://homes.villebois.com/detail.asp?hm_id=3), which are priced between $424,900 and $518,900, and range in size from 2,005 square feet to 2,500 square feet. The Seville Rows feature open, inviting great rooms with dining nooks and gas fireplaces. The gourmet kitchens boast tile countertops and backsplashes, stainless steel appliances and hardwood floors. The homes also integrate multiple levels of covered decks, outdoor living spaces and generous two-car garages.

Costa Pacific is currently offering an exciting leaseback opportunity on the model homes in the Villebois Village Center. Buyers can purchase a model at an annual lease rate of 9 percent of the purchase price with a guaranteed monthly payment for at least a year. This leaseback opportunity includes potential extensions as long as Costa Pacific is selling Seville Rows or Carvalho Condominiums. This could mean a monthly payment in your pocket of $2,436 or $3,374 for the Carvalho Condominiums, or as much as $3,667 for the Seville Rows! Not to mention, Costa Pacific will pay the property taxes, homeowners insurance and HOA fee of the models.

Costa Pacific is also offering homebuyers special buydown financing (http://blog.costapacific.com/2009/03/30/save-thousands-dont-miss-our-incredible-loan-offer-on-the-newest-homes-in-villebois/) terms on the newest homes in the Villebois Village Center through Washington Federal Savings. Buyers can now secure a 3.99% interest rate on a 30-year fixed mortgage with a 4.025% APR. Buyers will pay a flat loan fee of just $500 towards closing costs and there is no appraisal required. The offer includes a 90% LTV with self insurance available.

"We are excited to introduce the newest homes to the Villebois community and want to make sure that everyone in the Northwest is aware of the great financing opportunities we're offering in our brand-new homes," says Rudy Kadlub, CEO of Costa Pacific (http://www.costapacific.com/management-team.php?q=rudy-kadlub). "Interest rates like these will be a thing of the past before we know it, and the homebuyers who take advantage of this opportunity will be in a much better position than those that do not. We are making it easier than ever for people to buy a new home and save thousands of dollars in the process."

For more information about the newest homes in the Villebois Village Center or the Grand Opening, please visit: www.Villebois.com; or contact Costa Pacific New Home Specialist Andy Green at 866.580.2836 or email info(at)CostaPacific.com. The exclusive, new Starbucks VIA™ Ready Brew won't be available in Oregon until this fall, so residents are encouraged to come try the new instant coffee for free.

About Costa Pacific Communities    

Since 1990, Costa Pacific Communities has been building communities throughout the Pacific Northwest that enrich the lives of residents. Costa Pacific has been recognized nationally for excellence in design, master planning and marketing and is the most awarded builder/developer in the history of Oregon. Most notably, Costa Pacific received a Gold Nugget Award for Best on the Boards Site Plan for Villebois at the Pacific Coast Builders Conference in 2005. The master planner's Orenco Station community in Hillsboro, Ore. received the prestigious "Master Planned Community of the Year" award in 1999 from the National Association of Home Builders. Additionally, Costa Pacific has been named Developer of the Year by Oregon's environmental watchdog group, 1000 Friends of Oregon, and twice been named the Home Builder Association of Metropolitan Portland's (HBA) Builder of the Year as well as the State's Builder of the Year. For more information about Costa Pacific Communities, please visit www.CostaPacific.com.     

For all press inquiries, please contact:

Megan Wilber

Marketing Director

The Brick House Project

Phone: 503.525.0223

Email: VilleboisPR(at)thebrickhouse.com

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