PIAZZA SAN LORENZO COMMUNITY

FACT SHEET


DEVELOPER: Piazza San Lorenzo, Ltd., Laurence J. Raba, Managing Partner
www.PiazzaSanLorenzo.com

ARCHITECTS: Raba Design Group, San Antonio, TX
www.RabaDesign.com

GENERAL CONTRACTOR: Bartlett Cocke General Contractors, San Antonio, TX
www.bartlett-cocke.com

LOCATION
Piazza San Lorenzo is a 15 minute drive from San Antonio International Airport. Located on the west bank of the San Antonio River in the heart of downtown San Antonio at the intersection of the city’s main cultural byways, Houston Street and The Riverwalk, Piazza San Lorenzo’s valet-assisted entrance will be on Soledad Street just a half block from the City’s Main Plaza and the Bexar County government seat. The property is only four short blocks to the Alamo.

HISTORY OF THE DEVELOPMENT SITE
Piazza San Lorenzo is situated on land that has played a long, colorful and historically significant role in the growth of San Antonio. Dating back from the early 1700’s, buildings on the development parcel and primarily the Veramendi Palace hosted events or provided the setting for activities throughout the Spanish colonialism of the late 1600’s to 1700’s, Mexican government control in the early 1800’s, the marriage of Jim Bowie to the Veramendi daughter in 1831, the taking of San Antonio by Ben Milam and his volunteers during the Texan Revolution with Mexico in 1835, the fall of the Alamo in 1836, the establishment of the Republic of Texas in 1836, peace talks in 1840 between Comanches and the Texas government with over 40 persons killed, and the surrender of the Union troops to the Confederacy at the beginning of the Civil War in 1860. Another structure, long demolished yet significant to past historical activity on Piazza San Lorenzo’s development parcel, was the Masonic Building. Built in the 1860’s the Masonic Building was sold to Bexar County in 1872 for use as the Bexar County Courthouse.

CONCEPT
Piazza San Lorenzo is planned as a one-of-a-kind high-lifestyle community of luxury residences, boutique shops, restaurants, bars, offices and spa … a city village to be built with architectural features that will mirror the elegance and artistry of Renaissance Italy. Conjuring the spirit of Italy’s bustling, hospitable piazzas, a 16,000 square foot Italian-themed plaza that opens to the Riverwalk will anchor the Piazza San Lorenzo community. The piazza is envisioned as a cultural outdoor meeting space that also provides open air dining for the premier restaurants within the property. The piazza complements what the City is planning for the redesign of Main Plaza a short half block away and provides a focal point for concerts, style shows, art shows and other special events. Sensitivity toward the preservation of the River Walk and its ambiance has guided the scale of this project, where the design team has chosen to work with the existing three and five story structures. The new structures are limited to eight and eleven stories in order to minimize the development’s impact on the Riverwalk. The Romanesque exterior of the Book Building on Houston Street is being preserved under state historic guidelines.

RESIDENTIAL COMMUNITIES
Piazza San Lorenzo has two types of residential accommodations available for sale to luxury real estate purchasers – full ownership condominiums known as La Residenza and deeded equity ownerships in the form of a Private Residence Club known as Villa Verona. Occupancy is planned for Fall 2010.

LA RESIDENZA CONDOMINIUMS
La Residenza comprises a total of 28 exclusive residences that are being sold on a full ownership condominium basis. La Residenza is the finest in cosmopolitan living. The 28 homes are positioned into four buildings, each with their own private lobby and elevator to ensure privacy and exclusivity for the owners. Villa Regina, Villa Simona, Villa Palladio and Villa Bernini at Piazza San Lorenzo are very special places that only a few select residents will be able to claim as their prestigious addresses. Total Full Ownership condominium sales revenues based upon the 2007-08 market conditions in San Antonio amount to $48,000,000.

Villa Símona
Facing the Riverwalk, Villa Símona offers dramatic views of both the River with its leisurely barges and strolling pedestrians and the Piazza, the heart of the San Lorenzo community. Villa Simona is comprised of 8 elegant residences, 7 of which have floor plans with three-bedrooms plus a study/den and 3.5 baths. These residences have interior living areas that range from 2,996 sf to 3,187 sf and terraces of 207 sf to 401 sf. Prices of these homes are from $2,060,000 to $2,200,000. Villa Simona has one very exclusive 3-story residence with its own in-residence elevator that is designed for the ultimate in RiverWalk entertaining. Sure to be the finest residence in downtown San Antonio, it is priced at $7.15 million.

Villa Palladio
Only 7 Residents will enjoy two Piazza San Lorenzo worlds through ownership at Villa Palladio. Flanked by an energetic urban avenue on one side and the quiet Piazza on the other, this inviting Villa complex overlooks the piazza and offers sunny pool views and ever-changing cityscapes. Villa Palladio offers 2 one-bedroom/1.5 bath residences comprised of approximately 1,375 sf of interior living area with terraces of 287 sf at the starting price of $630,000. This address also has 2 two-bedroom/2.5 bath residences of almost 1,600 sf of interior living area and terraces of 175 sf with pricing at $788,000. Only 3 very special three-bedroom/3.5 bath residences each comprising 2,904 sf of interior space with 490 sf of terraces are offered at $1,435,000.

Villa Regina
Situated within a five-storey tower located directly on the Riverwalk, the 8 Villa Regina residences are fit for a queen. Residences feature extravagant expanses of windows with unrivaled Riverwalk views framed by centuries-old cypress trees. Villa Regina has 4 two-bedroom/2.5 bath residences of 2,126 sf of interior living area and terraces of 285 sf with pricing at $1,300,000. Only 4 very special three-bedroom/3.5 bath residences each comprising 3,540 sf of interior space with 395 sf of terraces are offered starting at $2,195,000.

Villa Bernini
The 5 Villa Bernini residences at Piazza San Lorenzo intimately flank the large, stone-paved square with tranquil views of the Piazza’s illuminated fountain. Villa Bernini has 2 one-bedroom/1.5 bath residences of 1,426 sf of interior living area and terraces of 180 sf with pricing at $635,000. Villa Bernini also has 2 one-bedroom plus study/2 bath residences of 1,749 sf of interior living area and terraces of 198 sf with pricing at $825,000. Only 1 very special two-bedroom plus study/3.5 bath residence comprising 2,121 sf of interior space with 254 sf of terrace is offered at $975,000.

VILLA VERONA, A PRIVATE RESIDENCE CLUB
Villa Verona, an enclave of 40 luxuriously appointed and exquisitely furnished residences, is a Private Residence Club within Piazza San Lorenzo. Total fractional interest sales are forecast at $132,500,000. Villa Verona offers a total of 400 owners a one-tenth share deeded ownership and a unique usage plan that delivers all the benefits of resort-home ownership with none of the inconveniences involved in maintaining a second home. The Private Residence Club provides exclusive and convenient access to what many would consider the inaccessible. Owners have all the benefits of a multi-million dollar urban residence that combines luxury real estate ownership with the services that one usually only finds at 5-star hotels. This is maintenance free living without the hassles and costs of year round ownership.

Accommodations
Villa Verona Private Residence Club residences afford views to the Riverwalk, the Piazza or San Antonio’s Main Plaza. Villa Verona has three floor plan configurations: Two-bedroom/2.5-bath villa residences comprised of 1,378 sf of living area sleep four (4) people; Three-bedroom/3.5-bath villas of 2,138 sf sleep six (6) people, and; Four-bedroom/4.5-bath villas comprised of 2,672 sf are set up to accommodate eight (8) people.

Fully-Furnished Appointments
The interiors of the residences are fully-furnished down to the linens and tableware. The residences are distinguished with 12-foot ceilings and are exquisitely appointed with Hardwood floors, Marble floor entry and foyer, Granite countertops, European Kitchen Cabinetry, Detail Crown Molding & Baseboards, Top of the line fixtures and Miele appliances, Front loading Washer/Dryer, Spa Showers, Ample Closet Space, and outdoor Terraces. Furniture and fixtures have been chosen for their design, durability and comfort. Also included is state-of the art High speed Internet access, LP High Definition Televisions, Plasma Screens, and Surround Sound Theater Audio Systems.

5-Star Hospitality Services
Villa Verona’s level of attention and personal service will exceed that of what the most luxurious condominiums do not provide at any cost. Exemplary service and faultless attention to detail creates a personal world of luxury with many amenities including: on-site management and maintenance, 24-hour security, concierge service, valet parking, in-house chef, daily maid service, full service spa, fitness facilities, roof terrace pool, sauna and steam bath, pre-arrival services for your spacious home on San Antonio’s River Walk including flowers, groceries, and other welcoming details.

Evidence of Ownership of Villa Verona Residences
Owners are vested with a real estate deed to an undivided, deeded, 1/10th interest in a two, three or four bedroom residence at Villa Verona. This interest can be placed in trust, sold, willed or bequeathed to other individuals like most other forms of real estate. The deed, which is recorded and insured by a title insurance policy, is subject to the Villa Verona Condominium Declaration, Bylaws and other governing documents.

Owners’ Access to the Villa Residences
Owners have the right to use their residence every day of the year subject to availability and Villa Verona’s Lodging Policies and Procedures. These lodging policies and procedures were specifically configured to meet the usage expectations from two distinct groups: the Texan drive-to market who choose to visit San Antonio for a few nights at a time, and; the Mexican Nationals who bring their families to San Antonio for a couple of weeks several times a year. The Villa Verona usage plan accommodates the two different user-group patterns that are viewed to be non-competitive for the calendar times they each will be requesting. Villa Verona owners can take as little as one night or as much as two weeks of time during any single reservation stay. The built-in vacancy factor of 25%, the equivalent to 10 residences, further adds to the flexibility of the program.

Initial Pricing and Annual Costs
Initial pricing of the Residence Club memberships began at $140,000 for two-bedroom residences, $195,000 for three-bedroom residences, and $280,000 for the four-bedroom residences. Prices are expected to increase at the time of groundbreaking and then throughout the projected sales term. An annual assessment that includes property taxes, insurance, reserve fund, housekeeping, utilities and other maintenance costs is forecast for the two-bedroom residence at $7,600; for the three-bedroom residence at $9,250, and; for the four-bedroom villa at $11,250.

SERVICES AND AMENITIES
Piazza San Lorenzo’s exemplary service and faultless attention to detail creates a personal world of luxury with many amenities including: on-site management and maintenance, 24-hour security, concierge service, valet parking, in-house personal chef on request, daily maid service, full service spa, fitness facilities, roof terrace pool, sauna and steam bath. Pre-arrival services for the spacious homes are by request and include flowers, groceries, and other welcoming details. Owners will have access to their luxury homes through a separate reception lobby and elevators, access to a Private Spa located on the premises, access to the restaurants, shops and other retailers located on-site along with in-room charge capabilities.

COMMERCIAL SPACES
Never before available, over 83,400 square feet of prime commercial space is now being leased for a Fall 2010 opening. For years this section of the Riverwalk was unable to be developed at the river level because of the potential for flooding. With the Corp of Engineers’ $111 million improvements, this section is now protected. Piazza San Lorenzo will enhance the neighborhood with its five celebrity-chef operated restaurants, bars, boutique specialty shops and offices to fuse an enlivening mix of communal activity, all perpetuating the high-lifestyle envisioned by the developers. The 16,000 square foot Piazza opens to the Riverwalk and is the central core hub to these spaces. Three of the four restaurant spaces are at the river level. Piazza San Lorenzo’s prized location is sure to become legendary for fine dining and shops oriented to those who seek specialized experiences! Top restaurateurs are intrigued with this property’s appeal to a market of both the local San Antonians who prefer to patronize the Houston Street establishments as well as to the visiting public who tour the Riverwalk. The Rand Parking Garage, conveniently located across from the property’s main entrance on Soledad Street, provides ample parking for guests of Piazza San Lorenzo’s commercial establishments. Valet parking is also available for diners and shoppers.

AREA ACTIVITIES
Residents of Piazza San Lorenzo have over 90 Riverwalk restaurants, clubs and entertainment venues at their doorstep. Entertainment venues include the Majestic Theatre and Empire Theatre that are home to the San Antonio Symphony as well as the local showcases for shows and concerts on national tour. Houston Street night-life and the historic Alamo are within close walking proximity to this urban resort. River barge sightseeing cruises and river taxi service will be available at the property’s Riverwalk entrance. Other sightseeing and recreational activities include golf club access, tours of local missions and other historical sites, Hill Country site-seeing and wineries, Sea World of Texas, Six Flags Fiesta Texas, San Antonio Zoo, Hunting and Fishing Excursions, San Antonio Spurs basketball games, art galleries and museums, shopping at North Star Mall, Rivercenter Mall and the elite Shoppes at La Cantera and much, much more. Padre Island with beach access and Texas coastal fishing are just a 2 hour drive.

RECENT AWARDS & ACCOLADES
For its design of Piazza San Lorenzo, Raba Design Group/RTK Development was selected as the best in its class for Resort Design at the 2006 Annual American Resort Development Association (ARDA) Convention & Exposition. The award was for Best Site Plan Utilization and Design.


FOR MORE INFORMATION

Discovery Center: The Book Building, Ground Floor
140 E. Houston Street, San Antonio, Texas 78205

Development Office: Riverview Tower Building, Suite 700
111 Soledad Street, San Antonio, Texas 78205

Phone: 210-212-8570 Fax: 210-222-1329
Email: info@piazzasanlorenzo.com

Property website address: www.piazzasanlorenzo.com