COASTAL CONSTRUCTION ANNOUNCES THE
COMPLETION OF BELLAMARÉ

Coastal delivers tower and residents close on units

MIAMI (September 2005) – Thomas P. Murphy, Jr., Chairman and CEO of Miami-based Coastal Construction Group, announced today that the company has completed the 1.5 million square foot BellaMaré tower located on exclusive Williams Island. The $250 million project is 30 stories with 210 units.

“With its incredible views, spacious residences and long list of lavish amenities, BellaMaré adds a whole new level of luxury living to Williams Island,” says Murphy. “All of us at Coastal are very pleased to have been such an integral part of this landmark tower in such a tropical paradise.”

With astonishing views of the Atlantic Ocean and Intracoastal Waterway, BellaMaré’s spacious Sky Homes feature floor plans ranging in size from 2,185 to 4,430 square feet boasting expansive terraces, abundant floor-to-ceiling windows, his-and-hers walk-in wardrobe closets, marble baths with Jacuzzi whirlpool tubs and steam showers. The gourmet kitchens feature high-end appliances such as Sub-Zero and Gagganeau, as well as SieMatic custom cabinetry and Kohler plumbing fixtures. Residents also enjoy the security of key-access elevators opening to their own private entry lobby.

Designed by award-winning Robert M. Swedroe, P.A., A.I.A, BellaMaré features 50,000 square feet of amenities, including a two-story social room with a kitchen and bar, a surround-sound theatre with tiered theatre seating, a fully equipped fitness center with lockers and saunas, private breakfast club and lounge and business center. Other features include luxurious guest suites, card-billiard room and a library. The pool deck includes a heated pool and spa, three fountains, children’s wading area, towel attendant counter, social pavilion and poolside grills.