BHS Brookfield Homes Corp

The vision was bold. The reality could be -- bolder! Saturday, April 28, 2007 marks the official grand opening of the very first community within the City of Ontario�s visionary New Model Colony, expected to ultimately encompass 8,200 acres and offer a diversity of 30,000 homes, several million square feet of retail and commercial uses (including offices and industrial/business parks as well as two major power retail centers), a bounty of recreational and sports facilities, schools, a large village green, a public library, and miles of local and regional trails. Noted as being one of the largest infill developments west of the Mississippi, the New Model Colony will soon welcome its first community -- Edenglen. Slated to hold its grand opening on Saturday, April 28, 2007, Edenglen is part of the very first development phase within the New Model Colony. �The New Model Colony is envisioned as an exciting environment that will be close to our job base, allowing residents to live, work and play in a vibrant, hub of activity,� said Ontario Mayor Paul S. Leon. �Edenglen represents the reality of this vision and sets a benchmark for creating new landmark neighborhoods in Ontario.� Thoughtfully planned and architecturally designed to reflect the City of Ontario�s historic Euclid Avenue downtown area, Edenglen occupies 61 acres along the south side of Riverside Drive, east of Mill Creek Avenue, north of the future extension of Chino Avenue, and west of an interconnecting trail system planned for Edenglen which parallels Milliken Avenue. Edenglen is planned with a total of 542 homes built by the two of southern California�s finest homebuilders, Brookfield Homes (NYSE:BHS) and Standard Pacific Homes. The community is grouped into five neighborhoods of garden court condominiums, classically designed townhomes and single-family and executive style residences architecturally styled in Traditional, Spanish Colonial, Bungalow, Territorial Ranch, Monterey, Spanish, and Cottage designs. Tree-lined sidewalks, tapered streets, a lush median with signature cedar and other heritage trees will create a sense of permanence from the day the community opens. Situated in the heart of Edenglen is the namesake Pinheiro Park, complete with a central park and clubhouse, swimming pool, outdoor amphitheatre, playgrounds and tot lots, half basketball courts, outdoor dining areas, walking trails, and more. The Clubhouse, with its wraparound porch overlooking Pinheiro Park, will be another popular destination, offering a media lounge, game room, and multipurpose room. Photovoltaic panels will allow solar power to heat and cool the clubhouse and pool cabana. Also included in the community will be several neighborhood pocket parks, including a Bark Park for the four legged friends, as well as several pocket parks and a number of wi-fi hotspots. �It�s truly an honor to be the inaugural community for the City�s incredible vision,� said Brookfield President Adrian Foley. �As the first community within Ontario�s New Model Colony, Edenglen will offer its residents a lifestyle that is fresh and unlike anything the City has every seen -- while also reflecting the great architecture, history and traditions of this 21st century city. Edenglen will provide residents the opportunity to be part of the founding families that will change the face of Ontario over the next decades. And, with its location in a city where employment opportunities have grown at an expediential rate over the past few years, Edenglen will provide housing options for those people who are employed here yet currently live elsewhere. And, overtime, Edenglen will become a great place to call home for people who have the vision and desire to be a part of something much bigger and bolder � the New Model Colony.� The grand opening of Edenglen, which includes the unveiling of 12 model homes and Pinheiro Park, is slated to commence at 10 a.m. and continue to 4 p.m. on Saturday, April 28, 2007. Home shoppers are invited to preview the five new neighborhoods with anticipated pricing from the low $300,000s to the mid $700,000s. To learn more about Edenglen, visit www.edenglen.com. About Brookfield Homes Brookfield Homes Southland is independently and locally operated with offices in the Greater Los Angeles/Orange County area and part of one of North America�s largest homebuilding companies, Brookfield Homes Corporation. The parent company also has community development and homebuilding operations in the San Francisco Bay area, San Diego area, Virginia, Maryland, and Hawaii. Listed on the New York Stock Exchange, Brookfield Homes is a public company. Additional information regarding the company and its forthcoming Edenglen community is available by visiting www.brookfieldsouthland.com. About Standard Pacific Homes Standard Pacific Homes, one of the nation's largest homebuilders, has built homes for more than 85,000 families during its 40-year history. The company constructs homes within a wide range of price and size targeting a broad range of homebuyers. Standard Pacific operates in some of the strongest housing markets in the country with operations in major metropolitan areas in California, Florida, Arizona, the Carolinas, Texas, Colorado, and Nevada. The company provides mortgage financing and title services to its homebuyers through its subsidiaries and joint ventures. For more information about the company and its new home developments, please visit www.standardpacifichomes.com. About Ontario Established in 1891 as a Model Colony, the City of Ontario was one of California's first planned communities. Today, Ontario offers a variety of housing with quality neighborhoods and comfortable homes nearby stores, schools, parks restaurants, theaters and a range of various services. Just 35 miles from Los Angeles and uniquely positioned within the hub of Los Angeles, Orange, San Bernardino and Riverside Counties, the City of Ontario is Southern California�s Next Urban Center. It features an exceptional pro-business environment, competitive commercial lease rates, technical amenities, a skilled and abundant work force, and an innovation corridor of fourteen colleges and universities. Three mixed�use projects are underway in the City bringing 24/7 lifestyle to a growing sector of young professionals. Ontario is home to LA/Ontario International Airport (ONT), the second busiest air passenger facility in Southern California, handling 7.2 million people in 2005, and growing each year. ONT is projected to reach 30 million annual passengers by 2025. For more information, visit www.ontariocalifornia.us.