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NEWS

721 CONDOS AT MORRISON DONATES $50,000 TO FIVE CHARITIES

CHARLOTTE, NC – January 12, 2009 –  The 721 Condos located at Morrison, the new residential and shopping enclave in Southpark, announced today that they have donated a total of $50,000 to five different local charities through their 2% donation program that ran last Summer through the Fall.

 

The program selected the following charities to participate:

  • Habitat for Humanity

  • Mint Museums

  • Opera Carolina

  • Second Harvest Food Bank of Metrolina

  • Athlete’s United for Youth

 

Each partner was guaranteed to receive one-fifth of a 2% donation from every condo sale that took place during the months of June – October. The total donation is $50,000 with individual charities receiving $10,000 each.

 

“Thanks to the involvement of each of these non-profits, we were able to sell almost $2.5 million worth of condos at Morrison from June through October of 2008.  Given the incredibly difficult economic conditions for residential real estate sales, this was quite an achievement, and we were more than happy to contribute a portion of those sales back to our community,” commented Ray Shem, Residential Sales Manager for the 721 Condos at Morrison.

 

Kay Carter, Executive Director of Second Harvest Food Bank of Metrolina states, “With over 360,000 people living in poverty in our 19 county region, including 160,000 children and seniors, Second Harvest is so appreciative of this donation from Grubb Properties.  As we struggle to keep up with the increased demands in our community, these funds will help us feed so many people in need.  We thank them for including us!”

 

Morrison, at the corner of Sharon and Colony Roads in South Park, is home to a list of exclusive shops and restaurants as well as a collection of condominiums ranging from studio lofts to expansive, 3-bedroom luxury penthouse residences.  Pricing ranges from the $190s to $1.6 million.

 

 

ABOUT MORRISON

 

Morrison is a 22-acre neighborhood at the corner of Sharon and Colony Roads, one block from Southpark Mall.  Condominium residents live above a diverse collection of street-level boutiques and restaurants, including but not limited to: Earth Fare gourmet grocer, Stickley Furniture, Barnes & Noble, Varji & Varji Salon and Spa, winestore, Black & Blue – The Denim Destination, Asana Activewear, Firebirds Wood Fired Grill, Hotham Jewelry, Swoozie’s, Capitol, ChezElle, E Martini – Fine Lingerie and Swimwear, Yama Asian Fusion, and more.  Visit www.LiveAtMorrison.com for more information.

 

 

ABOUT GRUBB PROPERTIES

 

Grubb Properties was founded in 1962 in Lexington, NC.  After an initial focus on building, financing and selling affordable homes to low-income families, the company has grown to become one of North Carolina’s premier urban mixed-use development and management companies. The company is headquartered in Charlotte and maintains offices in Raleigh and Lexington, North Carolina.  For additional information about Grubb Properties visit www.grubbproperties.com.

 

 

ABOUT CASTO LIFESTYLE PROPERTIES

 

Casto Lifestyle Properties, an affiliate company of CASTO, is based in Sarasota, Florida and focuses on the development of mixed-use lifestyle centers. Current projects include the firm’s redevelopment of the 524,000-square-foot Winter Park Village in Winter Park, Florida; One Hundred Central, a private-public partnership with the City of Sarasota, anchored by Whole Foods Market; Main Street at Lakewood Ranch, a 170,000 square-foot lifestyle center development located in the heart of the 28,000-acre Lakewood Ranch project; and Lakeside Village, a 500,000 square foot mixed-use lifestyle center located south of Lakeland, FL. To learn more about CASTO Lifestyle Properties call (941) 552-2700 or visit www.castolp.com.

 

CASTO, a fully integrated real estate organization since 1926, is a recognized leader in the ownership, management, acquisition and development of commercial shopping centers and multi-family residences, office buildings and corporate parks.  CASTO’s growing portfolio currently includes over 20 million square feet of commercial property and nearly 7,000 residential units located primarily throughout the Midwestern and southeastern United States.  The firm recently opened an office in Charlotte at 8929 J. M. Keynes Drive to accommodate its growth in the area.  To learn more about CASTO call (888) 400-0878 or visit www.castoinfo.com.

 

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Posted: January 12, 2009 - Press Release | More News