Although water levels – and waterfront sales - are down at Lake Martin, in Alexander City, Alabama, Champion Developers is moving forward with plans to build the second phase of North Lake Condominiums, a $15 million master-planned condominium community on the north shores of the lake.

Phase I of the development, The North Lake Condo Club, which was sold-out in 2005 and completed in 2006, pre-sold all 60 of its units before construction began. Champion Developers, say they’re also confident that Phase II, called The Lighthouse, will be similarly successful and is scheduled to begin construction in spring 2008 with completion scheduled for spring 2009. Champion, with offices in Alexander City, AL and Fayetteville, Ga., specializes in building lake front condominiums.

“Our goal and mission is to help people realize their dream of owning a vacation lake- front property on Lake Martin - and that doesn’t change with the weather,” says Dan Petry, President of Champion Developers. “Yes, we are in the midst of a drought and lake levels are low, and yes the Lake Martin real estate market has slowed, but there are still plenty of people out there who want to buy waterfront property on the lake – especially if they can get in 2009 at 2007 pricing. That’s exactly what The Lighthouse offers.” Adds Doreen Barr, Director Sales and Customer Satisfaction, “Also, we are delivering the new condos in 2009 with water levels up and real estate turned around.”

The Lighthouse will be located directly on the northern end of Lake Martin with total of 37 units priced from $348,000 up to $430,000. The three buildings are arranged in a landscaped resort atmosphere and will each contain nine or fourteen residences ranging from 1,250 to 1,500 square feet, all with full views of the lake. The units will feature large open concept floor plans with 9-foot ceilings and elegant interior and exterior architectural details. Attached single-car garages plus additional parking, lake-view balconies, convenient elevators, shoreline walking paths and a private pool with hot tub for each building will also be included.

“The drought is a 50 year anomaly,” says Petry. “It will end, Lake Martin will fill and people will continue to want to buy there. It really is a ‘build it and they will come’ kind of situation, but you have to build smart, build the right kind of quality properties, delivered in spring 2009 but built at today’s pricing and then sell those properties at a good price. That’s our strategy. Our target market? Lake Martin is an easy drive from Birmingham, Montgomery or cities south of Atlanta. That’s where most of our Phase I buyers came from and we expect that’s where our future buyers will be.”

Champion Developers distinguishes itself through a multi-disciplinary team approach that operates with a unique organizational structure. Champion Developers is vertically integrated with specialized functions. Founders Dan Petry and Al Galdi envisioned a company that would create synergies through all aspects of the development, design and construction process. Mr. Petry and Mr. Galdi bring two distinctive backgrounds to the company.

Mr. Galdi has extensive experience in the architectural field with an emphasis on wireless project management, financial, technical, and administrative operations as well as contract negotiations. Mr. Petry has a distinguished career in the construction, home building and cabinetry industries. He followed in the footsteps of his grandfather and father with a commitment to build beautiful, custom homes utilizing a trademarked approach to home building that focuses on both quality and attention to detail.

“The real-estate development and construction business is not for the faint of heart,” says Petry. “You’re going to run into challenges and obstacles, but you can overcome those and achieve your goals. We fully expect to do that at Lake Martin and with every project we take on. That’s why we named the company ‘Champion’.”

About Champion Developers: Champion Developers was founded by Dan Petry and Al Galdi. It is a company that is capable of handling every phase in the development, design and construction of quality homes and condominiums. Champion Developers distinguishes itself through a multi-disciplinary team approach.

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