Apartment Leasing Office Now Open at Biltmore Park® Town Square

Asheville, NC, May 14, 2009 – Crosland LLC announces the opening of the leasing office for the apartments at Biltmore Park Town Square, a joint venture between Crosland and Biltmore Farms LLC.

Biltmore Park Town Square features 120 one- and two-bedroom garden and two-bedroom townhome apartments. The first luxury apartment residents moved in last month, and construction is slated for completion in September. The community offers 12 different open floor plans, many of them built above retail space, ranging in square footage from 905 to 1,551 with grand opening incentives of two months free for an immediate move-in and one month free for a July move-in.

The apartments feature Energy Star appliances, balconies which overlook the shops or offer breathtaking Asheville mountain views, 9’ ceilings, elegant crown molding and oversized windows that overlook Town Square.

The island kitchens include built-in microwaves, pendant and track lighting, tile backsplash and gorgeous, upgraded cherry-finish cabinetry while the bathrooms offer cultured marble countertops and framed mirrors.

Select floor plans boast stand-alone showers, built-in computer niche, double balconies, garden tubs and vaulted ceilings.

The location of the apartments within the Western North Carolina mixed-use town center brings many dining, entertainment and convenience options right to the resident’s front door. Residents can stroll down the tree-lined streets to grab a latte, work out at the 24-hour fitness center or enjoy a relaxing dinner at a variety of restaurants before catching a movie at the Regal® Biltmore Grande Stadium 15.

Community amenities include a parking deck with remote access, designer-appointed clubhouse, sparkling swimming pool, upscale fitness center and spacious storage facilities. The award-winning management team provides maintenance support offering 24 hour emergency maintenance.

“Due to its placement in the vibrant, mixed-use environment, this community brings many services and conveniences to the resident’s front door,” said David Ravin, President of Crosland’s residential division. “But the most important characteristics are the upgraded amenities and architectural style which provide residents with condo-style living in a maintenance-free apartment complete with flexible lease terms.”

The apartments were built by Crosland Contracting and range from $944 to $1,759 per month. The leasing office is located in suite 130 in One Town Square in Biltmore Park. Crosland manages the apartments in Town Square, and the leasing staff is currently accepting apartment applications. For more information, please call the leasing office directly at (828) 684-7181 or visit biltmorepark.com.

About Biltmore Park Town Square

Biltmore Park Town Square is a $204 million mixed-use regional destination in south Asheville, located at Interstate-26 and Long Shoals Road. Ideally situated between downtown Asheville and Hendersonville, this highly visible location will meet the needs of diverse retail customers by providing national stores as well as shops that are unique to the region. Only three miles from Asheville Regional Airport, Biltmore Park is an attractive location for national and regional retailers, restaurants and corporations. The town center includes a state-of-the art 65,000 square foot YMCA; a 57,000 square foot Regal Cinema®, boasting stadium style seating and 15 screens; Barnes & Noble opening this fall, REI; and Volvo Construction Equipment’s North American Headquarters. With Asheville’s status as the largest, fastest growing city in Western North Carolina and consistent rating among the nation’s top 10 cities for relocation, this region will continue to draw the attention of retailers, restaurants and employers.

The 42-acre master plan includes 283,000 square feet of retail, entertainment and restaurants, 270,000 square feet of Class-A office space, a 165-room Hilton Hotel, and an urban residential component comprised of approximately 274 Class-A apartments, condominiums and townhomes, now selling and leasing. Offering the area’s only prime, mixed-use space for lease, Biltmore Park Town Square is a joint venture between Biltmore Farms and Crosland. Inspired by New Urbanism principles, this progressive, one-of-a-kind development honors the tradition of its surroundings while adding energy and excitement to the community. For more information, please visit www.biltmorepark.com.

About Biltmore Farms LLC

Founded in 1897 and located in Asheville, N.C., Biltmore Farms has become a guiding force in land management and community development in Western North Carolina, based on George Vanderbilt’s vision of smart planning and healthy communities. The company’s residential, master-planned communities include Biltmore Forest, Biltmore Park, Biltmore Lake® and The Ramble® Biltmore Forest. Biltmore Farms also owns and manages Biltmore Farms Commercial, Biltmore Farms Hotels and Biltmore Farms Homes. For additional information, please visit www.biltmorefarms.com.