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Urban Village Breaks Ground

Centex Destination Properties, developer of luxury second-home and resort communities in the continental United States and Hawaii, is breaking ground today for the Brownstones at Urban Village, located on the South Strip of Las Vegas Boulevard. The proposed plans for the entirety of Urban Village provide for six distinctive buildings at the Brownstones and include meandering walkways, gardens, a spa, a community pool complex, cafés, restaurants and commercial shopping.



The Brownstones are available now for reservations at www.urbanvillage.com. The Brownstones at Urban Village feature a mix of vintage style with classic architecture. Buyers will have a choice of one, two or three bedrooms.



's8220;Urban Village will redefine life on the Strip,'s8221; said Tom Jacobson, vice president of development of Centex Destination Properties's8217; West Division. 's8220;This distinctive neighborhood is intended to provide a true point of difference from what presently exists today in the Las Vegas real estate market. Beautifully landscaped walkways are planned to link neighbors to neighbors and also potentially to their favorite local pub or coffee shop, presenting an experience not previously available in this urban venue. Like SoHo in New York or The North End in Boston, we are planning the true elements that provide a real sense of community.'s8221;



The initial phase of the Brownstones is planned to consist of up to three distinctive buildings containing a rose garden and a community pool to be situated between two of the Brownstone buildings. A large, elegant water feature will welcome owners to another building. Current plans for Urban Village include more Brownstones as well as resort condominiums, townhomes, retail shops and restaurants.



Centex Destination Properties www.centexdestinationproperties.com develops luxury second-home and resort communities in the continental United States and Hawaii. Centex Destination Properties is part of Dallas, Texas-based Centex (NYSE: CTX), one of the nation's8217;s leading home building companies. Centex operates in major U.S. markets in 25 states and delivered more than 39,000 homes in the United States in its most recent fiscal year ending March 31, 2006.



In addition to its home building operations, Centex's8217;s www.centex.com related business lines include mortgage and financial services, home services and commercial construction. These businesses provide operational or financial support to home building operations and are leaders in their respective industries. Centex consistently ranks among the most admired companies in its industry, according to FORTUNE magazine.



EQUAL HOUSING OPPORTUNITY. These materials shall not constitute an offer in any state where prior registration is required. Void where prohibited by law. Artist renderings and plans for Urban Village-Las Vegas are under development. Centex Destination Properties reserves the right to make changes without notice. No guarantee is made that the improvements shown herein will be constructed, or that if constructed, they will be the number, type, or design described. Access to amenities within Urban Village-Las Vegas is subject to availability and payment of applicable membership fees, dues and other requirements. Centex Destination Properties is a registered trademark of Centex Corporation. Urban Village is a service mark of Centex Corporation. Some photos have been digitally enhanced and are not of Urban Village-Las Vegas. WARNING: THE CALIFORNIA DEPARTMENT OF REAL ESTATE HAS NOT INSPECTED, EXAMINED, OR QUALIFIED THIS OFFERING. Broker: CDP West Realty, Inc.

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