Carl M. Freeman Communities Opens New BAYSIDE Resort & Golf Community on the Delaware Shore

New Delaware Master-Planned Community Blends Residential Life with First-Class Amenities Offering Luxurious Coastal Living Within Close Proximity to Major Northeast Cities

Ocean View, DE June 29, 2004 -- Pre-Opening Launch Weekend Sets New Delmarva Peninsula Sales Record, With 144 New Homeowners Investing $60 Million; Public Preview Opening Set for July 6. Carl M. Freeman Communities, a leading developer of commercial, golf, residential, and resort communities in the Delaware region for more than 30 years, today announced the launch of its latest residential community, Bayside. Located off Route 54 and situated along the Delaware shores Assawoman Bay, Bayside offers premium resort living within reach of major metro areas in Virginia, Maryland, Delaware, Washington, D.C., Pennsylvania, New Jersey, and New York. Sales will be open to the public starting on July 6.

In order to participate in a special invitation private selection event this past weekend, over 300 current and former customers, associates, and partners of Carl M. Freeman Communities made deposits to get first-run choice of Bayside properties site unseen. The results of our friends and family pre-opening round of sales were tremendous, said Joshua M. Freeman, President and CEO of Carl M. Freeman Associates. "We have just had the most successful weekend of real estate sales in the history of Delmarva, with 144 new homeowners investing $60 million in our newest resort community at Bayside."

A True Sense of Community
Bayside is specifically designed to offer a true sense of community for its residents. From its beginnings, the master-planned development focused on the Bayside Town Center, a downtown area that will offer antique shops, clothing boutiques, and restaurants, plus everyday conveniences such as a supermarket and neighborhood bank. A state-of-the-art recreation and health club with tennis, swimming pools, and a fitness center will also be situated at the heart of the community. A range of neighborhoods and home styles will surround the Town Center, providing convenient access while offering accommodations to meet every preference and price, including condos, townhouses, and single family homes of all sizes.

First-Class Amenities
In addition to providing all the comforts of home, Bayside will feature all the amenities of a first-class resort. The community is home to one of the areas only Jack Nicklaus Signature Golf Course, with 18 championship holes spanning over 7,000 yards of lush fairways and preserved coastline, open for both public and private play. Bayside will offer a range of other sports and leisure activities, including sailing, kayaking, and biking, as well as an environmental center, complete with nature trails, educational programs, and parks. Just minutes from Fenwick Island and Ocean City, the community will also provide a free beach shuttle to bring residents to nearby shore attractions.

A Balance of Nature and Community
True to its concept of community, Bayside is one of the few residential developments that effectively balances land development with environmental preservation. Bayside was specifically designed to offer the full scope of residential comforts, without sacrificing its natural setting amidst the Assawoman Bay on the Delmarva Peninsula. This includes the establishment of a conservation easement the first of its kind by a developer in the region that leaves 287 acres of the property pristine and undisturbed, with no development, private docks, or motorized watercraft.

Public Preview Opening July 6
Following a special event for local realtors on July 1, the Bayside public preview opening will be held on July 6, from 12:00 PM to 5:00 PM, opening the new homes to any and all prospective buyers. For directions and additional information, visit www.livebayside.com or call 877-436-9998.

About Bayside and Carl M. Freeman Communities
Bayside is the latest development from Carl M. Freeman Communities, L.L.C., part of the family of Carl M. Freeman Companies. Carl M. Freeman Communities is widely recognized for developing commercial, golf, residential, and resort properties that emphasize community and nature alongside luxury living. A presence in Delaware for over 30 years and recent recipient of the Delaware Greensaver Award for Environmental Preservation, Carl M. Freeman is the name behind the well-known communities located throughout the Delmarva region, including Sea Colony, The Cove, The Preserve, Village at Bear Trap Dunes, and now, Bayside. Whether homebuyers are seeking a primary residence, vacation home, or investment property, theyll live better with Carl M. Freeman Communities. For additional company information, visit www.freemancompanies.com.
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