ASTORIA HOMES^® Announces Grand Opening

of Hillside

Award-Winning Homebuilder Introduces its Newest Affordable Neighborhood

Even with a surplus of homes for sale on the current Las Vegas Valley market and prices still at an all-time high, ASTORIA HOMES Triumph Neighborhoods concept has become a much-needed commodity among homebuyers.

Award-winning ASTORIA HOMES today announced the highly anticipated grand opening of its newest neighborhood, Hillside. Model homes will be available for viewing in late November, making it a perfect time to buy a home in what promises to be a hugely successful and popular neighborhood.

" As Las Vegas homebuilders continue to introduce new home communities, it may prove difficult to separate one potential dream neighborhood from the other," said Geoff Gorman, senior vice president of sales for ASTORIA HOMES . "Recognizing this, ASTORIA HOMES has welcomed the challenge, presenting Southern Nevada with Hillside, a community with great emphasis on high quality and affordability."

Hillside is a member of ASTORIA HOMES unique "Triumph Neighborhood^®" concept, which helps homebuyers purchase homes in popular Las Vegas areas and achieve the American dream of homeownership. The wildly successful "Triumph Neighborhoods" promise playgrounds, parks, pools and picnic areas to enhance the living experience, thus providing residents a virtually low maintenance lifestyle at incredibly inexpensive prices.

"The homes at Hillside offer choices for every size family and provide the amenities and community perks that should come with every home," said Gorman. "Hillside has the most desired of amenities, which in turn promises the ultimate lifestyle with an active neighborhood, scenic views, and very low maintenance homes for the busy family or individual. There is truly something for everyone at Hillside."

The Hillside community encompasses ASTORIA HOMES More for Your Money^® philosophy which assists in making Hillside a reasonably priced community. More for Your Money gives homebuyers exactly that: More for their money. It not only includes More rooms per square foot and brand name features, but it also involves ASTORIA HOMES mission to overall construction quality, value, attention to detail and top-notch customer service, which equals " More" for the homeowner. More for Your Money has become a necessity in today s market to help buyers accomplish all their goals of home ownership.

Neighbor to ASTORIA HOMES Cornerstone community, Hillside is situated at the corner of Alexander Road and Highway 215, nestled against the base of beautiful Lone Mountain. Much like Cornerstone, Hillside residents will benefit from the community s clever location and amazingly low homeowners association fees. Homeowners will have access to all the Summerlin area has to offer, with shopping, schools, and recreational areas, yet without any additional SID or LID fees.

" The prime location offers convenience to shopping, schools and entertainment, yet creates an aura of seclusion and serenity that is not normally evident in high-paced city living," said Gorman. In designing Hillside s homes, ASTORIA HOMES looked to some of its most innovative designs from its most popular communities, offering cutting- edge three- and two-story designs.

" Those who are aware of ASTORIA HOMES reputation for inventive and modern designs will be pleased with the offerings at Hillside," said Gorman. " Hillside is our vision of what affordable, classy, family living should be -- reasonably priced, high-quality, contemporary homes in premier areas that are attainable for every resident."

The homes at Hillside are breathtaking, offering a variety of designs to satisfy every homebuyer s desire. Residences 533, 556, and 611 are available, ranging from 1,436 to 1,658 square feet of living space and includes three bedrooms, 2.5 baths, lofts, open courtyards, patios, and single- and two-car garages.

Brand new and exciting designs are debuting at Hillside as well. Residences 825 and 830 are ASTORIA HOMES newest three-story home designs ranging from 2,114 to 2,125 square feet of spacious living space equipped with three to four bedrooms, 2.5 to 3.5 baths, bonus rooms, patios, lofts, flex room, covered decks, and single- and two-car garages.

Enhancing the architectural beauty of Hillside, the area itself really makes Hillside a special place to live. Hillside possesses visual and creative structuring, strategically placing the homes, streets and walkways in such a way that mirrors a "hillside" community that gently slopes and tiers along the side of Lone Mountain.

" We wanted to create a neighborly, village feel to the Hillside community," said Gorman. "Hillside possesses a certain cozy charm to it, with winding streets and walkways."

ENERGY STAR^® has always been a vital and important part of the success of ASTORIA HOMES communities. The EPA-lauded homebuilder has shown time and time again its commitment to providing a safe environment for future generations, and cost affordable maintenance for present residents. For its efforts, the EPA named ASTORIA HOMES a 2006 ENERGY STAR Partner of the Year for its outstanding contribution to reducing greenhouse gas emissions by building energy-efficient homes. ASTORIA HOMES, which was also named ENERGY STAR Partner of the Year in 2003 and 2005, now holds the Sustained Excellence distinction given to homebuilders who have accomplished the feat for three or more years. Homebuilders are chosen for their commitment to energy efficiency in home building and home improvement, business and organizational energy management, and consumer education and community outreach.

Due to new guidelines released by the EPA, higher standards are required for all ENERGY STAR Qualified Homes. Passionate about ENERGY STAR, the environment and their homebuyers, ASTORIA HOMES fully embraces these changes and continues to provide the latest in energy construction and technology.

" Along with our award-winning ENERGY STAR program, ASTORIA HOMES has joined up with the Southern Nevada Water Authority to be a part of Southern Nevada's Water Smart Home Team," said Gorman. "The Water Smart Home program is among one of the first in the country to certify homes as being water-efficient, and we are proud to do our part in offering Water Smart homes to our residents."

Gorman concludes, "With the short supply and high demand for affordable housing, we anticipate that Hillside will be extremely popular among new homebuyers. I strongly encourage interested homebuyers to take a tour of our models and see all that Hillside has to offer."

For more information on Hillside, contact 702.562.2667 or visit ASTORIA HOMES Web site at www.ASTORIAHOMES.com.

ASTORIA HOMES is an award-winning homebuilder with communities throughout Las Vegas. More information about communities and Triumph Neighborhoods can be obtained at www.ASTORIAHOMES.com.