ABD'S Heritage Green at Providence Golf Community Reports Sales of 3 Luxury Homes in One Week at Average Sale Price: $550,000

PROVIDENCE, Fla. --- ABD Development Company, which is developing Providence Golf and Country Club, a community in the Loughman-Davenport area of Polk County, reported it sold three luxury homes in Heritage Green at Providence in less than a week recently.

David Kohn, president of ABD Development Company, said the average sale price of the homes was $550,000 each.

The luxury home sales spurred a mini-construction boom in the Heritage Green neighborhood: Kohn said ABD will start construction of two executive homes on the golf course at Heritage Green at Providence before April 1.

Both new homes will offer four bedrooms and four baths in 2,500 square feet of living space with two-car garages.

The new homes will be priced from $350,000. Kohn said.
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For more information, contact: Alene Raskin, Marketing Manager, ABD Development Company 863-420-2100; David Kohn, President, ABD Development Company 863-420-2100

ABD Development Company earns Grand Award, Realtors Choice Award for Courtyard III Model Home at Toscana in Palm Coast

PALM COAST - The Courtyard III model home at Toscana in Palm Coast earned luxury home builder ABD Development Company a Grand Award and a Realtors Choice award during the Flagler Home Builders Association 2010 Parade of Homes, which ends May 2.

The Courtyard III model home offers three bedrooms with two-and-a-half baths in 3,033 square feet of living space with a three-car garage priced from $599,000.

The Courtyard III model home offers a unique, eye-popping feature: a private indoor courtyard that can serve as a contemplative garden or a swimming pool and spa.

“The Courtyard III model home has won numerous design and Parade of Homes awards and, more importantly, it is one of our most popular model homes at Toscana and also in Polk County at Providence,” said David Kohn, president of ABD Development Company.

For more information, contact: Alene Raskin, Marketing Manager, ABD Development Company 407-370-6400; David Kohn, President, ABD Development Company 407-370-6400; Larry Vershel or Beth Payan, Larry Vershel Communications 407-644-4142

ABD Development to Start Construction of New Executive Series Luxury Homes at Toscana in Palm Coast

PALM COAST - ABD Development plans to start construction of a new executive series of designer luxury homes in April at Toscana, the gated luxury neighborhood ABD Development is developing on Old Kings Road in Palm Coast in Flagler County.

David Kohn, president of ABD Development, said the new executive series designer homes are smaller, smarter luxury homes that range in size from 2,436 square feet of living space priced from $379,000.
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For more information contact: David Kohn, President, ABD Development Company 407-370-6400; Alene Raskin, Marketing Manager, ABD Development Company 407-370-6400

ABD Development Company has only a few Move-In Ready Town Homes available at Lakeside Villas at Providence

ORLANDO, Fla. --- ABD Development Company has only a few move-in ready town homes, priced from $230,000, available at Lakeside Villas at Providence in Davenport in Polk County.

David Kohn, president of ABD Development Company said the town homes available range in size from 2,256 square feet of living area and offer three bedrooms, two-and-a-half baths and two-car garage.

For more information contact:
Alene Raskin, Marketing Manager, ABD Development Company 407-370-6400
David Kohn, President, ABD Development Company 407-370-6400
Larry Vershel or Beth Payan, Larry Vershel Communications 407-644-4142

ABD Development Company Foresees Big Boost for Move-Up Home Buyers in $6,500 Federal Tax Credit

ORLANDO, Fla. --- The recently-enacted $6,500 U.S. federal tax credit for new home buyers includes a provision that particularly interests ABD Development Company in Orlando: though smaller than the incentive for first-time home buyers that ends Nov. 30, the new $6,500 tax credit is available to all home owners, even those who already own a home.

“The new tax credit incentive targets move-up buyers---young families who have outgrown their starter home or older adults whose children are grown and who want to down-size their lifestyle,” explained David Kohn, president of ABD Development Company.

ABD Development, which ranks as one of Central Florida’s largest custom home builders, is also the developer of Providence Golf & Country Club in Polk County.

ABD builds award-winning single-family homes priced from the $300s at Heritage Green at Providence that offer an excellent choice for move-up home buyers. Spacious, energy-efficient and designed for active family lifestyles, Heritage Green at Providence is the perfect move-up neighborhood, Kohn said.

ABD also builds distinctive luxury town homes priced from the $300s at Lakeside Villas at Providence.

“For active adults who want to spend more of their time enjoying their lifestyle, Lakeside Villas at Providence provides a unique environment,” Kohn said.

ABD also builds distinctive new three, four, five and six-bedroom family homes priced from the mid $300s at Windsor Landing at Wyndham Lakes Estates in south Orlando.

“Substantially reduced pricing, record low interest rates and now a $6,500 tax credit means the door is open for move-up home buyers to take advantage of what will likely be remembered as the best opportunity of our lifetimes,” Kohn said.

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For more information contact:
Alene Raskin, Marketing Manager, ABD Development Company 407-370-6400
David Kohn, President, ABD Development Company 407-370-6400
Larry Vershel or Beth Payan, Larry Vershel Communications 407-644-4142

ABD Development Company to start design of smaller, smarter homes at Providence and Wyndham Lakes

ORLANDO, Fla. --- ABD Development Company, which is developing the master-planned 2,200 acre Providence Golf & Country Club Community off U.S. 17-92 in the Loughman-Davenport area of Polk County, has started design work on four new smaller, smarter homes with increased energy efficiency at Heritage Green at Providence.

David Kohn, president of ABD Development Company, said four homes are in the design stage now that range from 2,433 square feet of living space to 3,510 square feet.

The new homes will be priced from $354,900 to $459,900.

ABD’s new smaller, smarter homes include:
•A four bedroom, three bath home with 2,433 square feet of living space and a lanai;
•The Portfolio home, with four bedrooms, three baths and a lanai in 2,673 square feet of space;
•The Courtyard II home, with four bedrooms, three-and-a-half baths, a loft and a lanai in 2,684 square feet;
•The Manchester II home, with 3,510 square feet of living space, five bedrooms, four baths, a lanai and a bonus room.

At Windsor Landing at Wyndham Lakes Estates, located off Town Center and Landstar Blvds. in southeast Orlando, ABD Development Company plans to introduce two new designs that range from 2,500 square feet of space to 3,000 square feet priced from the $350s.

For more information, contact
David Kohn, President, ABD Development Company 407-370-6400
Alene Raskin, Marketing Manager, ABD Development Company 407-370-6400
Larry Vershel or Beth Payan, Larry Vershel Communications 407-644-4142

ABD Development Company to Introduce New Affordably-Priced Luxury Homes at Heritage Green at Providence in Polk County

ABD Development Company to Introduce New Affordably-Priced Luxury Homes at Heritage Green at Providence in Polk County

ORLANDO, Fla. - ABD Development plans to introduce new affordably-priced luxury homes at Heritage Green at Providence Golf & Country Club community south of Orlando on U.S. 17-92 in the Loughman-Davenport area of Polk County.

David Kohn, president of ABD Development Company, said four of the custom home builder’s most popular luxury homes have been redesigned to reduce costs, including new one-story designs available at Heritage Green at Providence, the master-planned 2,200 acre luxury community ABD is developing.

The new affordably-priced luxury homes include:
•The multiple award-winning Courtyard luxury home, with 2,680 square feet of living space in four bedrooms, three-and-a-half baths with its own private courtyard and two-car garage;
•The Manchester, with 3,510 square feet in five bedrooms, four baths and a bonus room, including a two-car garage;
•The Wyndham V, with four bedrooms and three baths in 2,480 square feet, plus a two-car garage, which is now being offered by ABD in a one-story version;
•The Portofino, a new one-story design available at Heritage Green at Providence, with four bedrooms, three baths and 2,870 square feet of living space, and a two-car garage.

All four new luxury homes, priced from the mid $300s, offer an optional three-car garage, Kohn said.

For more information, contact
David Kohn, President, ABD Development Company 407-370-6400
Sofi Coffey, Marketing Manager, ABD Development Company 407-370-6400
Larry Vershel or Beth Payan, Larry Vershel Communications 407-644-4142

ABD Development to launch new Designer Series Homes at Windsor Landing at Wyndham Lakes Estates

ABD Development to launch new Designer Series Homes at Windsor Landing at Wyndham Lakes Estates

ORLANDO, Fla. - ABD Development Company is introducing a new designer series of model homes at Windsor Landing at Wyndham Lakes Estates, located off Town Center and Landstar Blvds. in southeast Orlando.

David Kohn, president of ABD Development Company, said the new three and four bedroom homes range in size from 2,200 square feet of living space and are priced from the $350s.
Kohn said the new design plans include one and two-story homes and feature tile roofs and three-car garages.

For more information contact:
David Kohn, President ABD Development Company 407-370-6400
Sofi Coffey, Marketing Manager ABD Development Company 407-370-6400
Larry Vershel, Beth Payan, Larry Vershel Communications 407-644-4142

Only 10 Ready-to-Move-in Luxury Villas Remain for Sale on the Water at Lakeside Villas at Providence Golf & Country Club

Only 10 Ready-to-Move-in Luxury Villas Remain for Sale on the Water at Lakeside Villas at Providence Golf & Country Club

ORLANDO, Fla. - Only 10 ready-to-move-in luxury villas remain for sale at Lakeside Villas at Providence Golf & Country Club, located off U.S. 17-92/441 in the Loughman-Davenport area of Polk County.

David Kohn, president of ABD Development Company, developer at Providence and one of the leading custom homebuilders in Central Florida, said all 10 luxury villas front on the water.

New three, four and five bedroom luxury villa homes at Lakeside Villas at Providence Golf & Country Club range in size from 2,250 square feet of living space to 3,000 square feet and are priced from the $200s.

For more information, contact
David Kohn, President, ABD Development Company, 407-370-6400

Sofi Coffey, Marketing Manager ABD Development Company, 407-370-6400

Larry Vershel or Beth Payan, Larry Vershel Communications 407-644-4142

Only One Model Luxury Home Remains for Sale at Toscana in Palm Coast

Only One Model Luxury Home Remains for Sale at Toscana in Palm Coast

PALM COAST, Fla. - Only one model luxury home remains for sale at Toscana, the luxury community ABD Development, Inc. is developing off Old King’s Rd. in Palm Coast.

David Kohn, president of ABD Development Company said ABD recently sold its second model luxury home at Toscana.

The remaining Manchester model home, priced at $889,000, offers five bedrooms and four baths in 5,200 square feet of living space---the largest home ABD builds.

Kohn said ABD Development Company is designing a new model home at Toscana.

For more information, contact
David Kohn, President, ABD Development Company, 407-370-6400

Sofi Coffey, Marketing Manager ABD Development Company, 407-370-6400

Larry Vershel or Beth Payan, Larry Vershel Communications 407-644-4142

ABD Development Starts Construction of a New Model Home at Heritage Green at Providence Golf & Country Club

ABD Development Starts Construction of a New Model Home at Heritage Green at Providence Golf & Country Club

ORLANDO, Fla. - ABD Development Company, which is developing the 2,200 acre master planned Providence Golf & Country Club community in Polk County, reports it has started construction of a four-bedroom, three-bath luxury Courtyard model home at Heritage Green at Providence.

David Kohn, president of ABD Development Company, said the 3,035 square foot Courtyard model home is priced at $520,000 and is expected to be completed at the end of the year.

For more information, contact
David Kohn, President, ABD Development Company, 407-370-6400

Sofi Coffey, Marketing Manager ABD Development Company, 407-370-6400

Larry Vershel or Beth Payan, Larry Vershel Communications 407-644-4142

ABD Development Reports Five Villa Homes Remain for Sale at Lakeside Villas at Providence Golf & Country Club

ABD Development Reports Five Villa Homes Remain for Sale at Lakeside Villas at Providence Golf & Country Club

ORLANDO, Fla. - ABD Development Company reports only five villa homes remain for sale at Lakeside Villas at Providence Golf & Country Club, located of U.S. 17-92 in the Loughman-Davenport area of Polk County.

David Kohn, president of ABD Development Company, said the five villa homes remaining range in size from 2,246 square feet to 3,000 square feet, priced from the high $200s.

Kohn said a three-bedroom model home is available for viewing. With 2,500 square feet of living space, the model is priced at $369,000.

For more information, contact
David Kohn, President, ABD Development Company, 407-370-6400
Sofi Coffey, Marketing Manager ABD Development Company, 407-370-6400
Larry Vershel or Beth Payan, Larry Vershel Communications 407-644-4142

ABD Development introduces new affordable floor plans at Wyndham Lakes Estates

ABD Development introduces new affordable floor plans at Wyndham Lakes Estates

ORLANDO, Fla. - ABD Development Company has introduced new affordable floor plans at Windsor Landing at Wyndham Lakes Estates, located off Town Center and Landstar Blvds. in southeast Orlando.

David Kohn, president of ABD Development Company, said one new floor plan offers three bedrooms with 3,000 square feet of living space priced from the mid $300s.

A second, two-story floor plan offers three bedrooms in 2,500 square feet.

Kohn said 20 home sites remain for sale at Windsor Landing at Wyndham Lakes Estates, including 15 lakefront home sites on Lake Wyndham.

New four, five and six-bedroom homes at Windsor Landing are priced from $499,900 to more than $1 million and range in size from 2,900 square feet to 5,000 square feet.

For more information, contact:

Sofi Coffey, Marketing Manager, ABD Development Company, 407-370-6400

David Kohn, President ABD Development Company, 407-370-6400

Larry Vershel or Beth Payan, Larry Vershel Communications, 407-644-4142

Home-Building Recovery Will Start This Year And Active Adults Will Lead The Way

Home-Building Recovery Will Start This Year And Active Adults Will Lead The Way

Central Florida homebuilders could see the start of a dramatic recovery as early as this summer, and retirement-aged adults will lead the way.

Despite seemingly endless news cycles devoted to our national economic ailments, we forget the enormous size and scope of the fabled “baby boom” generation.

I don’t mean to discount our national economic cycle. But we shouldn’t discount our active adults either. Most of them are pretty smart, after all, and many of them saw this coming.

As a real estate developer who focuses on superior lifestyles for active adults at Providence Golf and Country Club community in the Loughman-Davenport area of Polk County and Wyndham Lakes Estates in south Orlando, I’m very familiar with the lifestyle preferences, spending habits and financial acumen most retirement-aged adults possess.

We anticipate the net in-migration of active adults will increase substantially starting this summer, and we expect the active adult market will lead a major recovery of the home building industry in Florida---especially Central Florida---that will hit its stride in 2010.

The recovery will be more measured than the recent housing boom, and that’s a good thing. We won’t see a return to 2005 levels of sales and construction, but we won’t see the subsequent ballooning of materials costs, pricing, taxes, insurance and accompanying expenses either.

What we will see is a return to strong, sustainable levels of activity the Central Florida region is known for.

Economic analysts at ABD Development Company anticipate a rebound in the U.S. securities markets resulting from economic stimulus programs the new presidential administration has already announced.

The securities markets---stocks and bonds---are usually referred to as ‘leading indicators’ of economic health. In this case, they are a sign of better times to come.

The President’s emphasis on tax cuts for the middle class are particularly promising.

Once our immediate crisis begins to wane, lower interest rates and exceptional values that are evident in almost every Florida market will generate sustainable growth rates led by the active adult segment.

Typically, when an economic cycle starts to improve, it gathers steam rapidly. Adults who may have postponed their retirement a year or two will join adults who are just now reaching retirement age to produce what builders and developers call ‘pent-up demand.’

As much as we might worry about the national economy, the baby boom generation represents enormous financial depth. Active adults are still retiring---you can’t stop the clock---and for a significant proportion of them, Florida’s warm climate and relatively affordable lifestyle opportunities are just the ticket.

Certainly baby boomers have more opportunities than ever before, and for some, North Carolina, Arizona, and other parts of the country are appealing. But Florida’s century-old heritage as a retirement mecca is still a compelling factor we sometimes overlook in our spates of hand-wringing.

For Florida homebuilders, the market cycle has been particularly painful. But builders and developers who took measures to prepare for the inevitable market slowdown are surviving, if not thriving.

Before we know it---before the end of 2009, to be sure---the housing market will come back wiser, healthier, and more sustainable than before.

Builders and developers are looking forward to it. But the biggest beneficiaries are home buyers.

Providence Golf and Country Club community will accommodate some 4,800 new homes when the community is completed in 2018. Some 500 new homes have been sold at Providence and 1,700 new homes are planned in 20 different neighborhoods in the first phase of the development.

For More Information Contact:

David Kohn, President ABD Development Company, 407-370-6400