press release

The New Center for Living
CWE Condos offer an urban lifestyle, green space and location.

St. Louis -- March 10, 2006 -- Metropolis DeBaliviere Place Condominiums provide a smart choice for those who value the central location, culture, history and active lifestyle offered by the Central West End. You'll find these newly rehabbed condo conversions bordered by some of St. Louis' most premiere private streets and homes - and conveniently located to Forest Park, hospitals, Washington University, St. Louis University, Clayton and the U-City Loop.

All three lines of the MetroLink will soon converge at Metropolis; and MetroBus lines and the Wash-U Shuttle provide additional transportation options. And if you're looking to avoid the upcoming I-40 construction - look no further. Skip the long, treacherous commute with the convenient, central location of Metropolis.

These exquisite condos have it all. Location, plus rich, architectural charm, and upscale appointments throughout. The 100-year-old structures have been updated for today's sophisticated buyer with stainless steel appliances; granite countertops; private washers & dryers; gleaming hardwood floors; sun-drenched atriums; and outdoor decks and balconies overlooking lush, green courtyards and elegant tree-lined streets. The interiors are high-end, yet priced at a comfortable $129,900 - $266,900. And many of the condos are 50% tax-abated.

The project launched in Spring of 2004. Nearly 200 units have already sold - exceeding the developer's expectations. An additional 95 condos have been released for the booming Spring buying season.

Many people recognize the value of purchasing a Metropolis condo vs. paying rent. With low interest rates on an adjustable mortgage, monthly payments can be brought below what buyers might expect to pay in rent. Students and their parents, first-time homebuyers, empty nesters, and well, frankly, anyone with an active lifestyle will enjoy the eclectic, cosmopolitan neighborhood and affordable pricing.

The award-winning developer, Mills Properties, Inc., has been developing, owning and managing real estate in the St. Louis market for more than 25 years. Pantheon Corporation, the builder and a subsidiary of Mills Properties, Inc., is a St. Louis-based construction firm with significant experience in building new high quality, multi-family structures, as well as renovating multi-family residences with historical and architectural significance.

In order to help meet the high demand, Metropolis has opened a new 3,000-square-foot showroom in early February - featuring three sample kitchens and a bathroom vignette. The showroom is located at 5501 Pershing Ave., and is open daily from 12-4 or by appointment. For additional information, call the Dielmann-Sotheby's International Realty sales team -- Joanne Quick or Johanna Dueren @ (314) 367-7755. Or visit the web site at www.metropolisdp.com.

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For more information:
Greg Hutchings, @ Mills Properties, Inc. - 636-728-1000