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Lewes, Delaware
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September 1, 2006     Cape Gazette
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September 1, 2006

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36 - CAPE GAZETTE - Friday, September 1 - Monday, September 4, 2006 Luxury town houses to replace Ames By Jim Westhoff Cape Gazette staff Site work is under way for upscale town houses on the site of the former Ames shopping Center along Route 1 on the outskirts of the City of Rehoboth Beach. LIII Construction Co. of Wilmington, owned by Louis Capano III,. will build Rehoboth Crossings, featuring 147 units on more than 12 acres, with a starting price of $451,900. Construction should begin in about two months, and the units will be ready sometime next summer, "That's incredibly low," said Realtor Bill Hitchens, who is the sales manager for the RE/MAX Debbie Reed Team, which is sell- ing 51 of the homes. He said the i Site work has begun at Rehoboth Crossing, on the site of the former Ames department store in Rehoboth. Developers of the 147-unit project said the homes will start at $451,900, and some will be done by next summer. price is affordable for tho'sewho want to live near Rehoboth Beach, but can't pay millions for a home closer to the beach. "This is literally a walk or bike ride into town," he said. The four-bedroom units have two bedrooms on the ground floor, master suites and a Cal Sheila...Don't settle for anything less! COLIDLUP.L.L Direct: 226-4140 BANKER O TOLL FREE: 1-866-896-4140 4421 Coastal Hwy. Rehoboth Beach 302-227-6200 jk + (2/ Sheila Setzer The artist's rendering shows the layout of the Rehoboth Crossings development near the border of the City of Rehoboth Beach. fourth bedroom on the third floor, and fourth-floor lofts that can be converted into a fifth bedroom. Realtor Pat Campbell-White got a good look at the plans dur- ing a Thursday, Aug. 24, presenta- tion at Jake's Seafood near Rehoboth. "It's got a great loca- tion," she said. Campbell-White said $451,900 is a competitive price for that location. "The other day I did a complete analysis of the market in that area, and this is an excellent price for location close to the beach." Reed said the Cape Region housing market remains strong enough to sell new developments like Rehoboth Crossing. "There is a definite desire for a product like this," she said. "People are always coming in to our office saying their spending limit is $500,000. That seems to be the cut off for a lot of people." For more information on Rehoboth Crossing, visit OPEN HOUSE SATURDAY, SEPTEMBER 2 2 TO 5 PM 12452 UNION ST. EXT., RT. 5 MILTON $5,000 Discount for OPEN HOUSE ONLY! 3BR, 2.5BA, totally remodeled farmhouse with a character of an historic home, but all the modern features of a new home. Extras include Trex decking, wood & tile floors, birch cabinets, granite sink, new appli- ances, walk-in closet and new heating system, on 3/4 acre. ALL THIS FOR ONLY $399,000 Theaters so intense you may think twice about what you watch. J l HENRY MCKAY REALTOR@ 302-226-6648 (Direct) 302-381-5039 (Cell) CHRISTINA I-IAAG REALTOR@ 302-226-6612 (Direct) 302-381-1059 (Cell) OUR TFAM #1 IN SALLY, REHOBOTH BEACH, 2005 PERFECTION HAS AN ADDRESS 108 NEW CASTLE STREET REHOBOTH BEACH Incredible one of a kind home 1.3 blocks to the beach, 2 yrs young, best appliances, stacked stone F/P, custom cabinetry, 200 yr. old fireplace sur- round, antique bronze chandeliers, 12' ornately trimmed tray ceiling in master, Jacuzzi whirlpool tub in bath with marble flooring, and multi head shower. Australian cypress flooring, central vac, security system, maintenance free exterior and more. Qualified buyers only - $1,795,000. List #2917-F "Top Selling Agents 2005 - Rehoboth" 246 Rehoboth Avenue Rehoboth Beach, DE 19971 302-227-3883 Custom Home Theater Plasma's & LCD's '0' Whole House Audio/Video Structured Wiring Automated Home Control Central Vacuum Systems Motorized Shades Security Commercial/Residential CUSTOMIZING YOUR HOME THEATER 721 Rehohoth Avenue, Suite S, Rehohoth Bead Telephone: 302.22Z4200 www.home-and-company,m'l .......... . _ + -- _E]LLL.  .I'!