Delaware Valley's Premier Real Estate Development Firm Receives Final Approval to Move Forward With Major Mixed-Used Residential Community in City of Milford, Delaware

After a rough year + for the real estate industry, Bolis Properties is thriving once again with a 'green light' for major residential development

Jan 13, 2010, 08:52 ET from Bolis Properties

KING OF PRUSSIA, Pa., Jan. 13 /PRNewswire/ -- Bolis Properties, a leading privately held real estate development company, announces approval of its Homestead subdivision, the largest mixed-use master plan residential community in the growing city of Milford, Delaware. Homestead is designed with first-time homebuyers in mind, with target prices ranging from $129,900 to $249,000. The project will result in a community consisting of 1,057 residential units including 299 single-family homes, 82 duplex homes, 276 townhome lots and 400 condominium units. In approving this project by a vote of 7-1, Milford City Council welcomes another quality Bolis project into its community.

President and CEO of Bolis Properties, Gary W. Bolis, Jr., says, "The firm is optimistic about breaking ground for construction sometime in the third quarter of 2010 and remains bullish on the workforce housing and first time home buyer segment of the real estate market which this project is designed for."

Bolis Properties is a real estate development company that develops projects ranging from large master-planned golf course communities to commercial retail, office and industrial properties.

Headquartered in King of Prussia, Pennsylvania, Bolis Properties pursues land development projects and new growth opportunities throughout the United States. The firm's mission, "Developing a Better Community™," begins with a thoughtful green master plan that provides open space for community parks, recreation areas, walking and bicycle paths. They also design each project to protect environmentally sensitive areas such as wetlands and woodlands and adding conservation easements when possible. For more information about Bolis Properties visit www.bolisproperties.com.

SOURCE Bolis Properties



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