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Press Release

Date: October 21, 2006

GRIGIO a home with feel of a 5-diamond resort

The Tempe Republic

  Dolores McKay is the brand manager for GRIGIO, the luxury rental community opening its first units in December on the northern shore of Tempe Town Lake.

  There will be 523 units in the complex and rents will range from $900 to $2,300 per month.  Units will range in size from studios of 600 square feet to lakeside tower suites as large as 3,000 square feet.  Rental activity begins at the end of November.

  How long has it taken you to get from concept to being about ready to open? 

  Five years.  There were many details to be addressed with Tempe, many building questions to be answered.  Now, the questions are all answered and we're about ready to go.  We took our time to get a highly innovative product out on the market.

  What is the main concept behind GRIGIO?

  A five-star or five-diamond resort luxury in a rental community setting.  We will serve people who work very hard about 360 days a year and spend five days a year in a top-notch, five-star resorts where their every need is answered.  We asked ourselves, 'Why not provide a living environment like a five star resort, but where you never have to check out.'

  What kinds of amenities will you provide?

  Almost anything you can imagine getting at a resort.  Coffee delivered to your door in the morning, a newspaper is waiting at the door, your dry cleaning is hanging in your closet when you get home, your shoes are shined, your bed is turned down with a truffle on the pillow.

  And more.  We'll have most spa amenities.  Spa treatments, exercise rooms, personal trainers available.

  Who will live here?

  We imagine many of our clients will be successful 25- to 40-year-old professionals who don't have time in their lives to take care of a lawn, get the dry cleaning done, get to the spa.  We'll provide all that right here for them.

  What distinguishes GRIGIO from other rental communities that make similar claims?

  We will offer true personalized service.  When most other communities talk about resort-style amenities, they're talking about the physical amenities, landscaping, a swimming pool, a fitness center where there is nobody to help you.  We have all that but also a pool attendant to bring you your beverage of choice, attendants in the fitness center, in short, a full-time staff devoted to customizing services to your personal taste.   

 

  

Media Contact:
Bruce Gray
President
602.954.0109

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About Gray Development Group
Gray Development Group is a fully integrated real estate company focused on creating innovative multi-family residential communities. The talented real estate professionals of Gray Development Group provide considerable expertise in the areas of: Real Estate Development, Construction Management, Asset Management, Property Management, Architectural Design and Land Planning. Find out more about Gray Development Group at www.graydevelopment.com.


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