News Details (Posted: February 17, 2006):

Ahwatukee's Newest Waterfront Community Opens March 4

Contact Information:

Tessa Hill
(602) 955-5656

Full Description:

FOR IMMEDIATE RELEASE

On March 4, Monaco Development introduces San Simeon, luxurious yet affordable, waterfront residences in the picturesque Ahwatukee Foothills of Phoenix

(Phoenix, Ariz., February 16, 2006) San Simeon opens to the public for sales during an exclusive March 4-5, 2006 VIP Grand Opening Event with special hours from 9 a.m. to 6 p.m. on the weekend. Interested buyers are urged to register at www.SanSimeonFoothills.com for the opportunity to purchase the ultimate home, in a prime location, for an ideal price.

The 352 completely redesigned condominium homes at San Simeon At The Foothills offer resort-style living with generous amenities, scenic views, and the finest furnishings. This master-planned community consists of numerous services right on the premises such as tranquil pools and spas, a community clubhouse, business center, media room, and state-of-the-art fitness facility. Residents can enjoy a panoramic view of South Mountain from the comfort of their own home or indulge in outdoor adventures such as hiking, mountain biking, golfing, jogging, and horseback riding.

Monaco Development is one of the only companies in the area allowing buyers to customize their homes with a selection of granite countertops, stainless steel appliances, flooring, and cabinetry.

“San Simeon At The Foothills and our other luxury condominium projects are all about providing a quality of life with very affordable pricing,” said Neil Gehani, Monaco Development principal. “We select each condominium property with a vision for blending luxurious living, natural wonders, and fulfilling the buyer’s desire for the best life has to offer.”

San Simeon At The Foothills is Chicago-based Monaco Development’s third Arizona condominium project. It joins Bella Terra at Paradise Valley and Portofino, also located within Ahwatukee.

Each of Monaco’s three projects in Arizona thrive with the same principles of luxurious living, the ability for buyers to customize the look of their homes, and price points that deliver real value. Monaco condominium projects are all situated within and adjacent to mountains, lakes, shopping, and major transportation arteries.

San Simeon At The Foothills, 16013 S. Desert Foothills Parkway, is conveniently located between Chandler Boulevard and Pecos Road in the Ahwatukee Foothills of Phoenix.

Pricing for San Simeon’s one-, two- and three-bedroom condominium homes starts from the mid-$100,000’s. Prospective buyer registration and pre-qualification for this exclusive opportunity is already in progress. Interested parties are encouraged to register for the March 4-5, 2006 VIP Grand Opening Event online at www.SanSimeonFoothills.com or by calling (480) 759-7070. During the Grand Opening Event, the sales office will be open 9 a.m.-6 p.m. on both Saturday and Sunday. Regular daily hours are from 10 a.m. to 6 p.m. Monday- Friday.

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For more information on San Simeon at the Foothills, please visit www.SanSimeonFoothills.com.

Monaco Development, LLC, is a privately-held real estate development company based in Chicago, Illinois. Monaco Development’s management team consists of professionals with extensive industry experience in all aspects of the acquisition, development, finance and ownership of real estate assets. The company’s core investment strategy is in residential real estate with a geographic operating focus in Florida, Illinois, Arizona and the Washington, DC metro area. Currently, Monaco Development has over $300 million in residential projects underway.