ARTICLE HAMLET HOMES OFFERS A PEEK INTO NEW URBAN COMMUNITY IN MURRAY Press Release April 12, 2006 The Utah Technology Open Infrastructure Agency has reached a new milestone with the development of Inverness Square in Murray. The community is first of its kind to incorporate the UTOPIA fiber optic network during construction. Hamlet Homes will be holding a ribbon-cutting ceremony today for Inverness Square, located at 297 W. 4800 South. Representatives from Hamlet Homes, UTOPIA and Intermountain Health Care, as well as Salt Lake County Mayor Peter Corroon and Murray City Mayor Dan Snarr will attend the ribbon cutting. With residents already living in several of the homes, the ribbon-cutting ceremony is intended to showcase the gentrification of a brown field into an attractive, new neighborhood; the development of transit-oriented communities; and the power of UTOPIA,” said Michael Brodsky, owner of Hamlet Homes. Residents of Inverness Square receive Internet, telephone and television services provided by MSTAR over the UTOPIA broadband fiber optic network. Because the service is bundled as part of the homeowner’s association fees, every resident of the community has access to the services. “Fiber optic networks are several orders of magnitude faster than anything that is currently on the market,” said Roger Black, chief operating officer of UTOPIA. About 70 percent of Murray residents now have access to the UTOPIA fiber optic network, which allows them to contract with a service provider for ultra-broadband telephone, Internet and television services. UTOPIA is currently working with providers MSTAR, Veracity Communications, xmission and AT&T. The first phase of Inverness Square is nearing completion and all but the model homes have been sold. The second phase is set for construction this summer with anticipated completion next spring, for a total of 110 townhomes. “Murray is such a desirable community to live in, and there’s not much space for new residential development,” Brodsky said. The city hasn’t had a lot of new development opportunities for the past few years.” Hamlet Homes surveyed Murray City to find underused industrial property that could be developed into residential housing. Inverness Square is being constructed on a former industrial site, which was used as a storage yard. Hamlet Homes will begin building a second community in Murray next year on 25 acres of industrial land near the 4500 South TRAX station. Called Brookhill, the development will include three- or four-story apartment buildings, townhomes and live/ work buildings that have commercial space on the ground floor with residential space on top. Located near TRAX and I-15, Inverness Square is transit oriented. With the homes pushed up close to the streets, the community is intended to have an urban ambiance. Front porches, narrow tree-lined streets and a unified architectural theme these all put it together and make it feel like an urban neighborhood,” Brodsky said. The two model homes each offer 1,720 square feet of living space, two or three bedrooms, up to three-and-a-half baths and full, unfinished basements. Standard features include two bedrooms, two baths, a family room and air conditioning. Buyers can also purchase upgrade options, such as a fireplace. Inverness Square is Hamlet Home’s fifth community in Murray in the past 10 years. Based on a cooperative agreement to create a fiber optic network among 14 cities, UTOPIA is nearing completion of its first phase in Murray, Midvale, West Valley City, Orem, Lindon and Payson. After its next funding round, UTOPIA will begin work in Tremonton, Brigham City, Perry, Layton and Centerville, said Black. A handful of planned communities in Utah are offering fiber optic networks among their amenities, including Daybreak in South Jordan, which has partnered with Qwest to lay the cable. Broadweave has installed its fiber optic network throughout Traverse Mountain in Lehi. According to Black, UTOPIA has contracted with several developers to install fiber optics during construction. “UTOPIA gives their products an edge in the marketplace,” he said.