press release

St. Louisans Flock to Exclusive VIP Premiere Party

First Chance to Live at Park East Tower

St. Louis -- May 13, 2004 -- Pre-sales of homes at the much anticipated Park East Tower, the proposed $50 million 26-story high-rise condominium to be located in the heart of the Central West End, officially got underway tonight with a private, VIP Premiere Party at the Chase Park Plaza. OPUS Northwest, L.L.C., the developer of the property, hosted the party to give hundreds of prospective residents who registered in advance the first opportunity to schedule an appointment to secure their dream home and learn more about how they can “LIVE WELL ” at Park East Tower.

As guests enjoyed live music, appetizers and cocktails, they met with sales representatives for Park East Tower to get a first glimpse of the many features and amenities of the building, and to select the floor plan of their choosing in preparation for reserving their home.

We've had overwhelming interest from St. Louisans who know that Park East Tower soon will be the address for those who want to live in a modern high-rise with so many amenities and such high quality finishes,” stated John Pitcher, Director, Real Estate Development for OPUS Northwest, L.L.C. “With only 90 condominium homes available, serious prospects used this exclusive opportunity to act quickly to make plans to secure their new address.

Highlights from the event included the debut of a scale model of the 26-story high-rise, detailing the building's unique, exterior façade adorned with gracious terraces and floor-to-ceiling windows. Guests were also provided a viewing of the floor plans and numerous amenities to be offered at Park East Tower , which include six levels of enclosed parking and a seventh floor club level featuring a private club for entertaining, fitness and health spa, and swimming pool with a sundeck. One of the most intriguing perks awaiting all future residents of Park East Tower is its spectacular views of the Arch, downtown St. Louis , Forest Park and Clayton.

No other residential property in St. Louis can give you the stunning perspectives and amenities that come with living at Park East Tower ,” added Pitcher.

Floor plan options vary from one-bedroom to three-bedroom homes to ultra luxurious penthouse residences. Prices for the homes will range from $250,000 to more than $1 million based upon size and location within the building. In addition to its prime location at the corner of Euclid and Laclede Avenue, Park East Tower features ground-level retail, an elegantly appointed lobby, high-speed internet access, door attendant, dry cleaning and parcel drop-off, high-speed elevators, and a lushly landscaped garden terrace with spacious sundeck and patio area adjacent to the swimming pool and spa. Retail tenants have not yet been confirmed but it is anticipated that the development and location will attract high-end retail shops that compliment the eclectic nature of the neighborhood and its residents and visitors.

With pre-sales officially underway, OPUS Northwest, L.L.C. and Garrison Partners, which is managing the marketing of the condominium homes, are gearing up for the grand opening of the sales center on May 22. The sales office will be located just north of BJC at 4906 Laclede Avenue directly across from the Park East Tower site. The sales center will be open to the public from 11:00 a.m. to 6:00 p.m. Friday through Wednesday. Sales representatives Amy Rankin and Kathy Capps can be reached at the office at (314) 367-6500.

For more information about residential and retail opportunities at Park East Tower , call (314) 367-6500 or visit www.parkeasttower.com.

Opus Northwest, L.L.C., is a member of The Opus Group of Companies, a Minneapolis-based design, construction and development firm with extensive experience in the development of office, industrial, institutional, retail and multifamily facilities throughout the United States. Opus has been widely recognized for the success of Grant Park, a $100 million condominium tower under construction in downtown Minneapolis.

Opus' St. Louis office recently completed One Chesterfield Place , a 150,000 sq. ft. five story office building located on Highway 40 in Chesterfield . Since it was founded in 1953, OPUS has successfully completed more than 2,200 development projects in more than 30 states. More information about Opus Northwest, L.L.C. is available at: www.opuscorp.com.

Garrison Partners, which is based in Chicago , Ill. , is a full-service sales and marketing consulting firm specializing in residential real estate development.