| Wednesday, March 10, 2004 Groundbreaking today at Lake Martin Russell Lands, Inc., officially breaks ground today with The Ridge Builders Program at The Ridge on Lake Martin. The Ridge, a Russell Lands development, is one of the largest developments on Lake Martin offering many high value features and amenities. The Ridge Builders Program is a fully built, “turn-key” product specifically designed for the Lake Martin lifestyle. Featuring six select builders, the program will offer architecturally distinct homes on large lots with terrific views of Lake Martin. The first phase of the Builders Program is scheduled for completion in the fall of 2004 culminating with a Lake Martin Showcase of Homes. The featured builders at The Ridge are Crystal Construction; John Franklin Construction; Leroy Pitt; Maple Leaf Homes; R & S Builders; and Simpson and Davis Construction. The Ridge is easily accessible from Montgomery, Birmingham and Atlanta. It offers deep water lots with terrific views, wide streets with curb and gutter and lighted sidewalks, lush common areas, beautiful scenic entry, guard house entry, and a neighborhood marina. Russell Lands owns over 25,000 acres of timberland in Central Alabama including substantial land holdings on Lake Martin. The company has been in the residential real estate development business for over 25 years and has completed several single family and condominium developments on Lake Martin. The company’s other assets include several hundred lakeside rental homes, four full service marinas including over 1,000 dry stack storage slips, five Russell Do it Centers, one Russell Do it Express and an energy business. Russell Lands also owns and operates Willow Point Golf and Country Club.
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