Paterson, NJ, December 8, 2008: There’s an exciting buzz these days in Paterson, as a new neighborhood is quickly emerging in the scenic Great Falls District. The Vistas at the Great Falls is the first of four new neighborhoods coming to the area, from Maplewood Homes. This exciting new community of luxurious condominiums and townhomes is seeing rapid progress, with the first model home furnished and open for tours, the sales office finished, and the first building nearly complete.

To honor the arrival of this luxurious, exclusive new community, a special ribbon-cutting and grand opening ceremony is planned for December 17 with Paterson Mayor José Torres and other city officials expected to attend. The public is invited to come see the new community. Interested buyers are also encouraged to join the Vistas’ VIP list, to be among the first to learn more about this unique opportunity as it develops.

Just 15 miles from New York City and located above the cliffs nearby the scenic Great Falls of Paterson, the Vistas overlooks the Manhattan skyline in one direction, with majestic mountain views in the other. It’s this ideal location, and the unmatched amenity package, that has everyone talking. Flush with natural beauty and rich with history, Great Falls State Park features one of the most magnificent waterfalls in the country, soaring approximately 77 feet high and second in size and grandeur only to Niagara Falls. The Great Falls District, which has been listed on the National Register of Historic Places since 1970 and has been a designated National Historic Landmark since 1976, offers families a chance to enjoy green, open space with nature trails and recreational areas, as well as areas to view the falls.

Adjacent to this natural wonderland, The Vistas will feature beautiful condominium and townhome designs, with prices starting attractively from $294,500. Striking 1- to 2-story floorplans with up to 1,269 square feet will include 2 bedrooms and up to 2½ baths. 9-foot ceilings will be a highlight throughout the condominiums and in part of the main floor in the townhome. Spacious living and dining rooms will create a comfortable yet elegant environment for entertaining. Each home design includes a luxurious master bedroom, gourmet kitchen with granite countertops and full line of upscale amenities. Exteriors are equally attractive, with classic architecture, full and Juliet balconies and partial brick fronts. Belgian block curbing, large shade trees and historic-style street lighting create a warm and welcoming environment.

Complementing the fantastic home designs, Vistas’ residents will also enjoy a host of onsite amenities not seen in the surrounding marketplace. The community clubhouse will offer numerous facilities and activities, including a landscaped outdoor pool, fully equipped exercise room and a special all-purpose room and kitchen, ideal for parties and various social events.

In addition to the Great Falls and all of its surrounding recreation, revitalized Paterson promises much to offer. Center City is a new proposed two-block retail complex, only a short drive from Vistas at the Great Falls. The new complex will offer a host of celebrated stores, a movie theatre, delicious restaurants and underground parking.

Located just minutes from Interstate 80, Vistas at the Great Falls offers easy access to major thoroughfares, including Route 46 and the Garden State Parkway, which makes for easy travel throughout New Jersey and to New York City, just 15 miles away.

Maplewood Homebuilders entered the New Jersey market in 2007 with a portfolio of premier residential communities throughout the central and southern region of the state. Maplewood is the residential arm of P & F Management, a real estate investment and development company specializing in the acquisition and repositioning of residential and commercial properties in New Jersey and the metropolitan New York area. Under the Maplewood name, the company is also currently developing innovative residential communities in urban centers such as Paterson, Rahway and Plainfield.

For directions or more information on The Vistas at the Great Falls, the December 17 ribbon-cutting and grand opening ceremony, or to add your name to the Vistas’ VIP list, call 888-822-0040; or visit www.vistasatgreatfalls.com.