SOURCE: Monogram Companies

July 31, 2006 09:00 ET

Monogram Companies Announces Custom Home Site Sales Launch at Turquesa Estates, a Unique, High-End, Residential Equestrian Community in North Scottsdale

SCOTTSDALE, AZ -- (MARKET WIRE) -- July 31, 2006 -- Monogram Companies, which specializes in developing and building in-fill residential communities, today launched sales of 18 custom home sites at Turquesa Equestrian Estates, a 40-acre gated residential community in North Scottsdale. Located at the southwest corner of Scottsdale and Peak View roads, about a half mile north of Dynamite Boulevard in North Scottsdale, the community will include Skystone Ranch, a state-of-the-art managed equestrian facility for all residents.

Former Phoenix Suns basketball star Tom Chambers, CEO of Tom Chambers Properties Inc., will market and sell the custom estate sites. Chambers, the owner of Shooting Star Ranch, a successful quarter horse ranch in North Ogden, Utah, is well known within the equestrian community. His affinity for the equestrian lifestyle, combined with his real estate experience, makes him the ideal representative for Turquesa Estates.

"Turquesa is a one-of-a-kind project and has attracted interest and inquiries from across the United States, Canada and Europe," says Chambers. "It offers horse-loving folks the opportunity to enjoy the equestrian lifestyle without the daily care, maintenance and responsibilities of caring for their horses. Families with kids of all ages will enjoy this exclusive, upscale community. With only 18 lots, interest is running high and we anticipate brisk sales."

Buyers at Turquesa can select their own builder, but must follow the community's architectural guidelines. The minimum size of the homes to be built will be 4,500 square feet. Basements, detached garages and guest houses, and outdoor entertainment areas will be popular features of these custom homes. Lot pricing begins at $980,000.

Skystone Ranch, Turquesa's multi-acre equestrian facility, will be for the exclusive use of Turquesa homeowners. It will feature a barn for 40 horses, paddocks, a 100 x 150-square-foot lighted covered arena, a round pen, turnouts, a hot walker, an out-of-sight area for horse trailers and living quarters for a full-time resident barn manager.

"Turquesa blends high-end residential homes and an equestrian lifestyle which will appeal to horse lovers who want the convenience of an on-site equestrian facility without giving up Scottsdale amenities," states Monogram Partner Don Allison. "Horse owners can walk to the equestrian facility to visit or ride their horse and still be only minutes from schools, shopping, restaurants and entertainment venues."

For more information about Turquesa, call Tom Chambers Properties at 480.924.2424.

About Monogram Companies

Formed in 2002, Scottsdale, Ariz.-Monogram Design Builders specializes in building out in-fill parcels with single-family homes. Monogram Development Services LLC (MDS), which began operations in 2001, specializes in land acquisition and development for single-family residential projects. MDS principals have brokered over $400 million in land sales and entitled and improved over 8,000 residential lots. Arizona natives Don Allison, Russ Hermann and Dan Hellman founded the companies and serve as managing partners. For more information, call 480.513.9600.

About Tom Chambers Properties, Inc.

Since leaving the ranks of professional basketball, CEO Tom Chambers, has carved out an impressive role in the business world. He founded Tom Chambers Properties Inc., a full-service real estate company. He is also the owner of Shooting Star Ranch, a successful horse breeding facility in North Ogden, Utah. For more information, visit www.TomChambersProperties.com or call 480.585.7707.

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