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UPDATE - 08/06/2010

On Thursday, July 22, the bankruptcy court approved THP’s settlement agreement with Bank of America, which allowed construction to resume at Biltmore Estates as well as completion of all public improvements at the site.

Since that time, THP, Skippack Township officials, Blooming Glen Contractors, and the bonding company have worked to finalize all legal agreements necessary to begin this work. These agreements were completed on Monday July 26, and were submitted to the court for expedited approval on Thursday, July 29. These agreements were approved without any objections at a hearing on July 29.

Blooming Glen will begin work on Old Forty Foot Road immediately and surveyors are already on site. THP has also met with township officials to finalize the completion of the exteriors of the live/work units.

Installation of all on-site improvements (including, but not limited to, site clean-up, grading, paving repair and installation, and landscaping) will commence after the expiration of the 14-day appeal period for the order approved by Judge Raslavich. In the meantime, THP can immediately obtain building permits for five units and anticipates having vendors on the site within the next few business days.

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THE DAVIDSON GROUP

T.H. Properties is pleased to announce the selection of THE DAVIDSON GROUP as our exclusive agent for the sale of our homes. THE DAVIDSON GROUP has over 25 years of experience as an independent full service real estate company that specializes in the sale of new construction homes. They have the knowledge and expertise necessary to explain and guide you through your new home purchase.
Please contact THE DAVIDSON GROUP directly at 610-584-0100 or visit their website for additional information on our communities that are currently available. www.davidsongrouprealestate.com

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