NEWS RELEASE

August 11, 2004

Big Savings for Quick Closing During Inventory Sale at Summit Lofts in Creve Coeur

If a high-design condominium in Creve Couer is of immediate interest, savings of up to $30,000 await at Summit Lofts during its inventory sale. "A purchaser capable of closing within 30 days can mark down any available three-bedroom plan by $30,000 and take $20,000 off the bottom line of any available two bedroom plan," said Wendy Timm, chief operating officer of Conrad Properties. "We feel it is a compelling, limited-time opportunity to become part of one of the most upscale new residential communities in Creve Coeur."

Awaiting the public's discerning eye: an array of envy-inspiring two- and three-bedroom loft-style condominiums priced from $295,000. Qualified purchasers can also secure 100% financing with preferred lenders. Immediate availabilities span all levels of the four-story structure and include:

Two, two-bedroom, two-bath condos on the ground floor starting at $339,000. Both feature glorious outdoor patios.
The professionally decorated Tennga display, a two-bedroom, two-bath west- facing home on the second floor. With 2,082 square feet priced, this upgraded model is priced with furnishings at $499,000.
A three-bedroom, two-bath Montara can be found on both the second and third floors. These east-facing homes, offered at $469,000, are corner units with 2,407 square feet and overlook the pool.
The third-floor Fremont, a one-bedroom, one and one-half bath plan ticketed at $295,000.

"Among the remaining plans, the three-bedroom designs are quite spacious, plus the floorplans offer incredible flexibility of use." commented Timm. All models at Summit are outfitted with natural hardwood floors, 11-foot high ceilings and spans of tall windows. Kitchens feature granite-topped island counters, stainless-steel-faced Whirlpool Gold appliances and 42-inch-tall wall cabinets. Master suites show walk-in closets while adjoining bathrooms have marble floors, double-bowl vanities, separate showers and oval, marble-decked soaking tubs.

IT infrastructure is state-of-the-art, with the units providing high speed Internet access and pre-wiring for DSS, cable television and HDTV. The building has a card key accessed guest lobby. Each owner also has two reserved spaces and space for private storage in a central, underground parking facility.

An owners association oversees exterior building maintenance, grounds care and the operation of a clubhouse with fitness center and heated outdoor swimming pool.

To see Summit, take I-270 to east on Ladue Road to an immediate left on Emerson Road 1-1/2-miles to the entrance on the right. Hours are noon to 5 p.m. Friday through Tuesday. Information is also available by calling 314/567-1910.