Tower Launch Illuminates Houston: Vertical Construction Begins for Mosaic on Hermann Park

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Phillips Development & Realty and Developer Sales Group, LLC will celebrate the tower launch of Mosaic on Hermann Park Wednesday evening, Sept. 27, 2006.

Phillips Development & Realty and Developer Sales Group, LLC will celebrate the tower launch of Mosaic on Hermann Park Wednesday evening, Sept. 27, 2006. This marks the initial phase of vertical construction for this twin tower condominium -- the largest residential high-rise built in Houston to date.

At a ceremony held before a gathering of local officials, dignitaries and community business leaders, Mosaic executives will celebrate this launch with an illuminating lights display, symbolic of the condo's twin towers.

The Mosaic property, at 5925 Almeda Road, sits directly across from Hermann Park. With a prime location, this condominium is just a chip shot from Hermann Park golf course and a stone's throw from the Museum District and Houston's Zoo. Mosaic will anchor this growing area with walking proximity to the light rail, Rice University, The Texas Medical Center and Downtown Houston. Completion is expected for Fall 2007.

"We are pleased with the opportunity to bring this residence to such a prime location," said Ken Manfredi, Principal, Developer Sales Group, LLC. "It's refreshing to be part of a project which will transform and revitalize the Houston area."

"It's prime time that the great city of Houston is able to see a such large scale project like this. Between the medical center, proximity to downtown and the undervalued price of real estate here, it was just a matter of time," said Michael Internoscia, Principal, Developer Sales Group, LLC.

"The real unbelievable part of it all is that people from Mexico, Venezuela, and Europe, including people from cities like Miami, New York and Austin are seeing the tremendous Value ... Our phones do not stop ringing."

This twin tower high-rise includes 792 residential units with six stories of parking and 22,500 square feet of retail space on the ground floor. Residents are able to choose from a variety of loft-style plans, extended terrace or penthouse units. Residences will feature floor to ceiling windows, Mosaic glass tile backsplashes, stainless steel appliances and modern design accents.

"Our goal is to develop an innovative addition to the downtown which offers residents an upscale living experience, ample parking, retail space and a metropolitan lifestyle at their doorstep - all at a more attainable price," said Donald E. Phillips, Managing Director of Phillips Development & Realty. "We are thrilled that Houston's energetic and vibrant community is embracing this urbanite concept."

Development of Mosaic on Hermann Park has received community support from local organizations ranging from the Hermann Park Conservancy to the South Main Alliance, Texas Medical Center and the local brokerage community. For more information about Mosaic, visit http://www.MosaicHouston.com or call the sales center at 713-533-9400.

About PDR

Phillips Development & Realty is a Raleigh-based company with mid-rise projects currently under construction in Tampa: Casa Bella on Westshore (http://www.CasaBellaonWestshore.com) and Le Jardin at International Drive (http://www.LeJardinTampa.com). Casa Bella, designed in the Mizner Spanish Mediterranean style, is a 255-unit community boasting two resort-style pools and numerous leisure lawns as well as social center and gated access. The French inspired Le Jardin is a 401-unit community surrounding 5 lushly landscaped courtyards including lap and resort-style pools, zen-style garden, and grilling area as well as providing gated access to covered parking, social center, and fitness rooms.

For more information about PDR or developments, visit http://www.PhillipsDevelopment.com.

About DSG

Developer Sales Group, LLC is an interactive sales & marketing organization specializing in the real estate brokerage industry. We are focused on providing the developer marketplace with leads and, in turn, driving traffic to facilitate sales. Our unique approach bridges the gap between developer and client.

We accomplish this with the latest, cutting edge marketing techniques. Through prospecting, e-mail marketing, and personal presentations to brokerage offices. We're able to contact every agent in our extensive network in order to generate momentum for a property. It's not just exposure. It's maximum exposure.

Since the launch of DSG in March 2004, our dynamic approach to marketing has lead to transactions in excess of $350,000,000. We are currently assisting in the sales for five projects located in markets throughout the United States. Projections for the future are estimated to reach the $400,000,000 mark in record time. And we couldn't be more thrilled.

For more information go to http://www.developersalesgroup.com or please call 305-571-8530.

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