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Chatham Square opens 4 models

Daily Herald
August 12, 2006

Gladstone Homes opens the first four model homes at Chatham Square, its 322-home community in Plainfield.

Gladstone founder and President David Bolger. Gladstone introduces an offer that will cover a buyer's current mortgage for up to a full year after closing.

"Builders are offering many different kinds of incentives, but we haven't seen one that addresses buyers' top concern in the current market," Bolger says. "Our customers have said they are afraid they won't be able to sell their current home, so we address that issue head-on."

Another key concern for buyers is rising interest rates. So in addition to the mortgage assistance program at Chatham Square, Gladstone is offers mortgage buy down.

Doors will open Aug. 12 on the four new single-family models, Gladstone's Premier Series Riverstone and Neostone plans, and its Signature Series Redstone and Penstone plans. The mortgage assistance and buy-down programs will run the month of August for any new single-family or townhouse purchase at Chatham Square.

The four models are among 22 floor plans available at Chatham Square, including selections from Gladstone's Premier Series ranging from 2,896 square-feet to 4,043 square-feet and priced starting in the upper $300,000s. The Signature Series ranges from 3,073 square-feet to 3,204 square-feet with prices starting in the mid $300,000s. The Luxury Townhouse Series ranges from 2,145 square-feet to 2,617 square feet with prices starting in the upper $200,000

"These are our first models of the Neostone and Redstone plans, which we introduced earlier this year," Bolger says.

The 3,578-quare-foot Premier Series Neostone features a unique composition of first-floor rooms. At the entrance is a covered porch. Inside, the foyer leads to a room large enough to accommodate a dining room ensemble and a living room-style seating arrangement. There is also ,access to a 245-square-foot courtyard. Across from the formal room is a library open to the second floor.

"We first introduced the courtyard feature last year, with our Ashstone and Seastone plans," Bolger says.

The first floor also features a study with vaulted ceiling and a family room with a fireplace and barrel vault ceiling, and kitchen with dinette, powder room and laundry.

Upstairs, the master suite includes a bedroom with a walk-in closet, and a bath with dual vanity, separate tub and shower and a private water closet. A hall bath and three bedrooms complete the second floor of the Neostone.

The 2,896-square-foot Redstone, from Gladstone's Signature Series, also caters to the homeowner who enjoys the outdoors. It has a covered front porch and courtyard.

The Redstone's two-story foyer has a cathedral ceiling and open sight lines. The courtyard is surrounded on three sides by the living room, family room and kitchen. A dinette, study, powder room and laundry complete the first floor.

The second floor features a master suite, three bedrooms and hall bath with dual-vanity.

"At Gladstone, we're customer-focused and customer-driven," Bolger says. "Our customers have shared their concerns about the market; we're responding with mortgage assistance and buy-downs. They've told us they want to enjoy the outside of their homes as much as the inside, we've responded with plans designed for outdoor living."

Chatham Square is located on 145 acres at Heggs Road and 127th St. in Plainfield. When complete, it will include 238 single family homes, 156 from Gladstone's Premier Series and 82 from its Signature Series, 84 luxury town homes, and 40-acres of green space including mature oak trees.

For more information on Chatham Square, contact the Chatham Square sales center at (815) 267-8262 or visit www.gladstonehome.com