Modo Developers, Inc. Introduces Epic Series

Modo Developers, Inc. Introduces Epic Series Of Modern, Affordable, Urban Condos

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Modo offerings include great urban locations, affordable pricing,high-end finishes inside and out

DENVER, Colo., June 5, 2006 – Modo Developers, Inc., a Colorado-based developer specializing in the renovation of urban buildings into modern condos, today introduced the Epic Series of condos – four Capitol Hill buildings which will undergo significant interior and exterior renovation to become affordable, modern, urban condos. Renovations to the various buildings are underway, with projected completion dates ranging from January to November 2007. Prices for one- and two-bedroom condos range from $107,000 to $297,000 – but the average price per unit is roughly $185,000.

Each Epic Series building will undergo significant exterior and interior renovation. Exterior renovations will include structural steel architectural elements, balconies, and a rooftop deck, when permitted by historic preservation codes. Interior renovations will include hardwood floors, granite or quartz countertops, high-end kitchen cabinets, stainless steel appliances, suspended halogen lighting systems, high-end bathroom tile, and free high-speed Internet (via Cat5 cable or wireless). A variety of earth-friendly offerings also are available, such as bamboo flooring, epoxied quartz countertops, and wind energy “credits.”
Renovations on the first two buildings already are underway; design schematics are being developed for the third and fourth buildings.

“Modo Developers’ already has a solid track record in buying buildings and renovating them into amazing living spaces that are affordable, stylish and centrally located,” said Modo Managing Partner Dave Ness. “Our popular Skye Condos series of buildings in Capitol Hill and Washington Park sold out in record time,” he said. The following is a quick look at the Epic Series offerings:

Epic on Penn, 500 E. 11th St., Denver, Colorado

· No. of Units: 17
· Price Range: $107k-$297k
· Off-street Parking: 22 spaces
· Average Sales Price: $182k
· Construction Start: May 2006
· Projected Finish: Jan. 1, 2007

Epic on the Park, 1245 Columbine St., Denver, Colorado

· No. of Units: 31
· Price Range: $154k-$270k
· Off-street Parking: 28 spaces
· Average Sales Price: $198,947k
· Construction Start: June 1, 2006
· Projected Finish: June 1, 2007

Epic on Washington, 636 Washington St., Denver, Colorado

· No. of Units: 16
· Price Range: $160k-$235k
· Off-street Parking: 14 spaces
· Average Sales Price: $207k
· Projected Construction Start: September 2006
· Projected Finish: November 2007

Epic on Grant, 271 Grant St., Denver, Colorado

· No. of Units: 12
· Price Range: $139k-$283k
· Off-street Parking: 5 spaces
· Average Sales Price: $153,400
· Projected Construction Start: Sept. 1, 2006
· Projected Finish: May 1, 2007


Earth-friendly Features Add To Epic Series Appeal

Modo Developers also has a commitment to sustainable living – and will incorporate a variety of earth-friendly features into the Epic Series. Some examples include the use of Low-E windows (which reflect light in the summer and let’s light in during winter months); Zodiaq countertops (made from crushed, epoxied quartz that’s gleaned from the earth surface rather than mined); bamboo flooring (eco-friendly because it grows much faster than regular wood); and wind energy credits (allowing owners to use power from alternative sources, rather than traditional coal or nuclear plants).

“The Modo development team is thrilled to introduce this new series of urban condos,” said Kevin Calame, Modo managing partner and co-founder. “We found a market that was tremendously under-served: first-time home buyers seeking urban locations, great design, and affordability. We proved with our Skye Condos series that you can have all three – and we will again provide this with our Epic Series.”

About Modo Developers, LLC

Founded in 2003, Modo Developers, LLC specializes in buying existing buildings and re-developing them into contemporary condos that offer a strong combination of convenient urban locations, great design, and affordable prices. Modo completes significant exterior and interior renovations on its buildings, before selling the condos individually. Exterior renovations typically include structural steel balconies, architectural elements at building entrances, dramatic lighting, and rooftop decks. Interior renovations include hardwood floors, granite and quartz countertops, high-grade kitchen cabinets, stainless steel appliances, high-grade bathroom tiling, and more. Modo can be reached at: 865 Santa Fe Drive, Suite 500, Denver, CO 80204, 720.221.8598, or www.mododevelopers.com.

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