Final Phase of Gray's Crossing Sold In Advance of Release

A new neighborhood is coming to Gray's Crossing! The Fairways neighborhood has been acquired and will be developed into an enclave of elegant cabins known as Sierra Cove. The new neighborhood consists of 23 homesites, 16 with prime golf course frontage and all featuring extraordinary mountain views as well as the Sunset Idea House, representing some of the best locations in Gray's Crossing. The neighborhood is conveniently located near the clubhouse and restaurant at the Golf Club at Gray's Crossing and the future Village with neighborhood shopping and dining.

The developer of Sierra Cove, UDC Global, is headed by Jerry Crenshaw, a former Crescent Resort Equities partner; and longtime associate of East West Partners. Crenshaw brings a wealth of local and national second home resort development experience to the project. It's exciting that UDC Global has chosen to develop the final phase of Gray's Crossing from all the real estate opportunities they have evaluated nationwide.

UDC Global has developed a partnership with a local builder and architect to design and build the neighborhood, including Robert Marr Construction, Nick Sonder Architecture and Jeff Brown of Tahoe Mountain Resorts Gray's Crossing office, as the Sierra Cove listing broker. Robert Marr Construction's experience at Gray's Crossing includes the Sunset Idea House and the Clubhouse at the Golf Club at Gray's Crossing. This team's local expertise is designed to provide a stress-free, custom home building experience for the owner.

All 23 homesites have stunning mountain and meadow vistas, and many offer premium golf course frontage on the private Golf Club at Gray's Crossing. Homes will have three and four bedroom options, ranging in size from approximately 2,800 to 3,400 sq. ft. The developer plans to begin construction on three of the first homes this summer with completion set for the summer of 2009.

For more information on this exciting new neighborhood, contact Jeff Brown, Sierra Cove listing agent, at 800.211.5141.