February 28, 2006

McGarvey Residential Communities Names Elkins Constructors As Construction Manager for Old San Jose On The River

Jacksonville, Florida - McGarvey Residential Communities has selected Jacksonville-based Elkins Constructors, Inc., as the construction manager for Old San Jose On The River, a new luxury riverfront neighborhood located at 5000 San Jose Boulevard. The $230 million project marks the first association between Elkins and McGarvey Residential. Site work is underway with vertical construction expected to start in May.

“My vision of Old San Jose On The River is one of unmatched quality and beauty in every aspect,” said Jay McGarvey, president of McGarvey Residential Communities. “Elkins has the reputation, character and longevity in Jacksonville to meet our vision. This partnership will yield a new level of quality construction and design unmatched in Jacksonville.”

Elkins Constructors provides construction management, design/build and general contracting services to public and private clients throughout the Southeast. The company’s residential projects include The Metropolitan, Pier Point and Water’s Edge in Jacksonville Beach and The Villas at Augustine Island in St. Johns County.

“I see Old San Jose as a defining project in our 50-year history,” said Barry Allred, president and CEO of Elkins Constructors. “Our reputation is based on quality, confidence and trust. We are honored that Jay McGarvey and Jim Citrano have selected us as their construction partner.”

“We look forward to bringing Jay’s vision of this community to life,” said Gordon Steadman, director of development for Elkins Constructors. “It will be a pleasure constructing a neighborhood that complements the heritage of San Jose and the suburban core of Jacksonville.”

Old San Jose On The River offers 218 condominium flats and town homes in 17 low- and mid-rise condominium buildings. Two-, three- and four-bedroom floor plans, ranging in size from 1,694 to 4,733 square feet, are appointed with top-of-the-line features and design elements. Homebuyers will have extensive opportunities to select many design elements, materials and finishes to reflect their personal taste.

The community also offers 10 penthouses, with an expansive 3,100 to 4,733 square feet that can be custom-designed by the homeowner with Looney, Ricks and Kiss, project architects. European-scale streets and sidewalks, private terraces, lush gardens and green spaces and community riverfront access make for a distinctive neighborhood district.

Amenities for Old San Jose On The River include a promenade, a 2,100-square-foot infinity-edge swimming pool, outdoor living room, fitness center, and three guest suites for residents’ overnight guests. With all amenities located on the riverfront, residents will have an unmatched location from which to view daily sunsets over the St. Johns River. For more information on Old San Jose On The River, stop by the sales center at 5000 San Jose Boulevard, call 733-5880 or go to www.oldsanjose.com.