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Wyndholme Village Breaking News

June 21, 2000

William Braughton
President
JLance Construction Inc.

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     Jim Lancelotta, managing partner of Wyndholme Village, LLC, is proud to announce that William (Bill) Braughton has been appointed president of JLANCE Construction Company, Inc.  As president, Bill will lead and manage the construction process required to develop Wyndholme Village.

     Mr. Lancelotta stated, “Years of experience have proven to me, that to develop a community of this magnitude requires the direction and leadership of a very special team of individuals.  There are three major areas that must have strong leadership.  They are construction, marketing and sales.  The individuals in charge must thoroughly understand and believe in the purpose and benefits the community will provide to its residents when completed.  In addition they must possess the knowledge and skills, to handle the challenges that are bound to occur in these critical areas.”

     During my initial meeting with Bill, we walked about the site and I explained the background and history of events that had occurred along with the challenges that lie ahead.  I sensed Bill was truly interested and excited about the opportunity available to take charge of the construction process in the development of Wyndholme Village.  Once Bill described his outstanding background and his goals, I knew without a doubt he was an individual that would be a tremendous asset to the Wyndholme management team.  He was more than qualified to take charge of the construction process.

     His background includes serving as senior vice-president of construction for a developer of large-scale retirement communities both locally and nationally, over the past eight years.  Additionally, as senior project manager for a national construction company, Bill had complete profit/loss responsibility from the pre-construction stage to the turning over of the finished product on several major projects in the Baltimore and Washington region.  Two of these noteworthy accomplishments are Market Square at 7th & 9th Streets on Pennsylvania Avenue in Washington, D.C. and The Gallery at Harborplace located in the heart of Baltimore’s Inner Harbor.

     Having Bill as a member of the Wyndholme Village team is truly a blessing.  Since Bill has arrived, a steady stream of highly respected subcontractors have requested the opportunity to provide bids on the various components required to construct Phase I of Wyndholme Village. Their interest is directly attributable to their previous experience with Bill when he was responsible for selecting subcontractors to perform services that had a dollar value in excess of $500 million over the past eight years.

     With actual construction slated to begin in late summer, value engineering the Wyndholme construction documents has been Bill’s top priority.  His extensive expertise has already resulted in implementing changes that will enhance the overall quality of the building and provide significant improvements, as well as cost savings.  This is vitally important since construction costs have been subject to substantial increases in this booming economy.

     Without a doubt the prices at Wyndholme Village will have to be adjusted in the very near future.  The GOOD NEWS - those who have already signed a contract have obtained a better value than expected and the BEST NEWS - there is still a very limited opportunity to take advantage of the $10,000 FREE UPGRADE ALLOWANCE at current prices!

Wyndholme is very close to being a REALITY.

Thank you for your patience,

James M. Lancelotta
Managing Partner
Wyndholme Village, LLC

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