140 West Franklin Opens Sales Gallery
Blended Use Community Connects Retail and Historic Districts

November 7, 2008

Chapel Hill, NC -- 140 West Franklin opened its Sales Gallery at a new locationon Saturday, October 11. The new Sales Gallery showcases a full kitchen and bath vignette and a replica of the BlueVue Resident Clubroom gas fireplace. A blend of culture and convenience, 140 West Franklin will link the west and east ends of the historic mile-long Franklin Street corridor.

The ideal in-town location, living on Franklin Street is a rare and limited opportunity. 140 West Franklin will stand eight stories tall, include 140 homes, 26,000 square feet of ground-level retail space and 338 parking spaces in a deck below the building.

The condominium home prices start from the mid $300,000s for a one-bedroom, two- bedrooms start from the low $400,000s; three-bedrooms start from the low $500,000s, and the13 Penthouses starting at $995,000 and up. A limited number of workforce housing is available. Located at the corner of Franklin and Church streets, the sustainable community will feature public gathering spaces designed with colonnades and open courtyards. The strolling environment will connect shopping venues to historic areas on and around campus. 140 West Franklin is within walking distance of the UNC campus, Keenan Stadium, Dean Dome, Memorial Hall Performing Arts Center and UNC Healthcare.

"Our location is ideal for people who are involved with the university, alumni, empty nesters and local professionals," said Casey Cummings, Ram\'s president. "The college town lifestyle is very appealing with all of the entertainment options and the ability to walk the beautiful campus and downtown areas"

As part of its commitment to the local art community, 140 West Franklin will feature a 27,000-square-foot public plaza decorated with commissioned art by world-renowned artist Mikyoung Kim. Ram is committed to making places that are socially responsible, economically vibrant and environmentally sustainable.

Earth-friendly design and planning throughout 140 West Franklin will result in improved energy-efficiency and water conservation in each home and common area. The community will use water-efficient landscaping, improved storm water management and filtering, and there will be an innovative storm water reuse as part of Plaza Art.

To secure pre-construction pricing, visit the Sales Gallery to see the various floorplan choices that include rich interior finishes and features including stone, granite, and hardwood selections. Retail opportunities are also available. Demolition of the parking lot is scheduled to begin early 2009, followed by excavation of the site for the construction of the subterranean parking deck. Two-level parking with controlled access private entry will provide all-weather coverage for residents. New dedicated public parking will be owned and operated by the Town of Chapel Hill to replace historic Lot 5. The 140 West Franklin project came into being with the support of the Downtown Economic Initiative between the Town of Chapel Hill and Ram. The community plans to open 2011.

About RAM

Founded in 1978, Palm Beach Gardens, Florida-based Ram is a family-owned, affiliated group of companies comprised of Ram Development Company, a leader in retail, residential and mixed-use development and acquisition, and Ram Realty Services, a provider of residential and retail management and leasing services. In addition to the Palm Beach Gardens office, Ram has offices in Chapel Hill, N.C., and Atlanta, Ga., Fort Lauderdale and Tampa, Fla. Currently, the company manages approximately 2.5 million square feet of retail property and 3,000 apartments and is active in Florida, North Carolina and Georgia.

About Marketing Directors

The Marketing Directors, LLC, based in Atlanta, GA was founded in 2007 by national condominium expert, David Tufts. He and Adrienne Albert, Marketing Directors, Inc’s Chief Executive Officer collaborated to create a team of the most highly experienced real estate professionals in the Southeast to service developers specializing in high density residential sales and marketing. With over 30 years of experience, The Marketing Directors is well positioned to be the solution to developers in any market condition. The Marketing Directors, LLC represents developers in Atlanta, Orlando, Tampa, West Palm Beach St Petersburg, Chapel Hill and Huntsville.

140 West Franklin

The Sales Gallery is located at 126 West Franklin and is open 7 days a week. Monday through Friday 10 a.m. to 6 p.m. Saturday 10 a.m. to 5 p.m. and Sunday noon to 5 p.m. Please call (919) 942-3381 or visit 140 WestFranklin.com.

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