The HUD application process is long and very detailed
Blue Ridge Parkway, NC (PRWEB) October 25, 2007
Cielo Falls, a luxury community of North Carolina log homes set in the Blue Ridge Mountains near Boone, announced today that the 1,100 acre mountain retreat development has received final approval from the US Department of Housing and Urban Development (HUD) to begin closing on land sales. The HUD approval is required for real estate developments of 100 or more home sites. To meet these stringent requirements, a comprehensive full disclosure document (Property Report) containing complete detailed information on the development plans, owner and amenities was fully vetted.
In anticipation of HUD approval, construction of several of the amenities have already begun. With the documentation in place, Cielo Falls has now officially launched the sale of homesites within their first section containing over 1 1/5 mile of private road. Interested buyers can view the community's Property Report for a full description of the property's features, services and improvements--further ensuring the increasing value of purchasing a homesite at Cielo Falls.
Cielo Falls is becoming known as what will be the leading luxury log & timber home community in North Carolina. Just 1.2 miles from the Blue Ridge Parkway, the private gated, master-planned community is minutes from Boone, Blowing Rock and West Jefferson. The development will consist of approximately 250 residences set on 1,100 acres of Blue Ridge Mountain real estate, exclusively designed by Heritage Log Homes, featuring traditional log and timber construction, gourmet kitchens, phenomenal great rooms, high-speed internet and cable and networked security/fire alarm systems.
Among the facilities listed in the Property Report is the grand 30,000 sq. ft. rustic lodge, featuring a massive great room with a 40 foot fireplace, full catering kitchen for events, business center and library, fitness facilities, game room, racquet ball court, two tennis courts, a basketball court, private theater, an incredible 120x120 foot heated indoor pool facility with a huge hot tub and expansive terraces with unbelievable vistas. Throughout the property, more than nine miles of low-impact trails, rustic gazebos, play areas, four more intimate outdoor pool facilities and pavilions will provide fun for the whole family. Cielo Falls also has worked hard to restore 6 miles of beautiful trout stream for private fly fishing adventures.
"The HUD application process is long and very detailed," said Mark Yates, VP of Development for USP Development, "but we received approval in what can be considered record time. In the end, it's just one more way that our customers can rest assured that Cielo Falls will be the premier place to experience luxury log home living on the Blue Ridge Parkway and pass it on to generations to come."
About USP Development:
USP Development LLC is an investment and development company with primary concentration on investment-grade real estate assets in premier markets throughout the Eastern United States. For nearly twenty years, USP Development LLC has created long-term value by carefully evaluating, securing and enhancing key real estate assets in a variety of categories. With a portfolio of residential and commercial developments, apartments, office buildings, mixed-use, and luxury hotel properties representing more than $400 million in real estate value, USP Development LLC is widely known for its analytical approach to investment and its unique ability to deliver a world-class customer experience.