Developer Launches “The Oaks Tree Renewal Program” with Trees Across Raleigh, Inc.

May 7, 2008 (RALEIGH, NC) – Grubb Ventures, developer of The Oaks at Fallon Park residential neighborhood in Raleigh’s historic Five Points area, has promised to donate $100 to Trees Across Raleigh, Inc. for every new home sold within the development, beginning this month.

Trees Across Raleigh is a volunteer organization that holds tree plantings in public places around Raleigh twice a year. Founded 11 years ago, the organization’s mission is to enhance the City’s appearance for the benefit of all residents.

The Oaks at Fallon Park was the first neighborhood development submitted to the City of Raleigh under the new Tree Conservation Plan, a comprehensive conservation ordinance that established standards for preserving trees on lots that are two acres or larger, occupied or vacant. Grubb Ventures worked with the City to identify the most desirable trees on the property for conservation and committed to planting over 189 new street trees, representing an investment of $275,000. The developer calls this effort “The Oaks Tree Renewal Program.”

Grubb Ventures also worked with Parker’s Landscaping Services, Inc., to develop a list of suggested native trees for homeowners who would like to include a “Renewal” tree in their landscape plans.

“We believe the addition of native trees will increase property values, help to conserve energy, provide sound buffers and be a lasting benefit for the neighborhood and surrounding areas for many years to come,” said Gordon Grubb, president and CEO.

For more information on Trees Across Raleigh, visit http://www.treesacrossraleigh.org. For more information on The Oaks at Fallon Park, go to http://www.oaksatfallonpark.com.

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