Morrisville Continues to Grow with New Master-Planned Community Minutes From RTP

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K. Hovnanian Homes Raleigh Division announces the grand opening of Providence Place, a 491-home master-planned community located in the heart of Morrisville. Located just minutes from Research Triangle Park, I-40, I-540 and other major crossroads of the Triangle, Providence Place offers a wide collection of villas, single family and estate homes appealing to a wide range of income levels.

K. Hovnanian Homes Raleigh Division announces the grand opening of Providence Place, a 491-home master-planned community located in the heart of Morrisville. Located just minutes from Research Triangle Park, I-40, I-540 and other major crossroads of the Triangle, Providence Place offers a wide collection of villas, single family and estate homes appealing to a wide range of income levels.

Morrisville's Board of Commissioners supports Providence Place as part of the town's strategic growth plan, which is vital since this municipality's population has skyrocketed in just a few short years. In 2000, Morrisville boasted 5,208 residents. In 2006, more than 14,000 people call Morrisville home.

Mayor Pro-Tem Pete Martin has witnessed this phenomenal growth since he moved to Morrisville a decade ago, commenting, "we had a lot of apartments, and I don't believe a town can grow with just apartments. I think we ought to show a lot of single family homes which is what I see here and why I approved this community."

K. Hovnanian Homes worked closely with the Town of Morrisville in planning a development that incorporates that vision.

"We appreciate all of the support we've received from the town and the mayor, and we're excited to be a part of Morrisville's continued growth," said Mike Reiser, president of K. Hovnanian Homes Raleigh Division.

Providence Place has a traditional neighborhood design with an impressive amenities package that includes a swimming pool, recreation area, walking trails, biking trails and greenways that eventually will connect to the Town of Morrisville's greenway system. The charming, small town atmosphere makes Providence Place a destination of choice for families relocating from across the country or across the state.

About K. Hovnanian Homes

Hovnanian Enterprises Inc., founded in 1959 by Kevork S. Hovnanian, Chairman, is headquartered in Red Bank, New Jersey. The company is one of the nation's largest homebuilders with operations in Arizona, California, Delaware, Florida, Illinois, Maryland, Michigan, Minnesota, New Jersey, New York, North Carolina, Ohio, Pennsylvania, South Carolina, Texas, Virginia and West Virginia. The company's homes are marketed and sold under the trade names K. Hovnanian Homes, Goodman Homes, Matzel & Mumford, Diamond Homes, Westminster Homes, Forecast Homes, Parkside Homes, Brighton Homes, Parkwood Builders, Great Western Homes, Windward Homes, Cambridge Homes and Town & Country Homes. As the developer of K. Hovnanian's Four Seasons communities, the company is also one of the nation's largest builders of active adult homes.

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