Yorktown, NY (2006-09-21) Today, Developers Donald J. Trump, Louis R. Cappelli and Michael Cappelli launched Trump Park Residences, a $112 million, new 141-condominium community being built here for active adults ages 55 and better who are intent on leading a luxurious lifestyle, and having it all.

Trump Park Residences marks Mr. Trumps first foray into developing active adult housing and is located just west of the new Donald J. Trump State Park, created from 436 acres the developer donated to the state this past spring.

“When Louis heard that the adjacent land to his was the new Donald J. Trump State Park, we quickly realized that this was an exciting world class opportunity to create an extraordinary, innovative community for sophisticated, active adults who demand the best that life has to offer.", Mr. Trump said. "As fate would have it, we played golf a few days later and by the 18th hole, we had a deal."

“We teamed up with Donald, because his standards and management team are world class.", Mr. Cappelli said. We've worked successfully together to develop Trump Tower in White Plains, and we are partnering on Trump Plaza in New Rochelle and Trump Parc in Stamford, CT. Now here in Yorktown, we have an unprecedented and inspired concept for an active adult residential community."

Mr. Trump and Mr. Cappelli joked that although Michael Cappelli was a relative youngster, they were “active adults" themselves and therefore eminently qualified to know the discerning requirements of the baby boomers.

Influenced by the grand Hudson River estates, Trump Park Residences offers the perfect blend of a breathtaking 50-acre setting overlooking a sparkling lake and distinctive, luxurious lifestyle amenities. Designed by award-winning Sullivan Architects of White Plains, the exterior is expressed in warm stone and stucco with European-red rooftops and private courtyards.

Inside, the sophisticated marble lobby will resemble a country club or grand hotel. A concierge will be at the residents service. The Club at Trump Park will feature stunning marble floors, magnificent stone fireplaces, tapestries and sumptuous furnishings. There will be a spacious adjoining terrace, library, private movie theater and business center, as well as a card and billiard area. An indoor and outdoor swimming pool, a state-of-the-art fitness center, and biking/walking trails throughout the site offer plenty of opportunity to indulge in a healthy lifestyle.

One of the most exciting aspects of ownership at Trump Park Residences is that residents will have the privilege of social or golf membership at the prestigious Trump National Golf Club, Westchester in Briarcliff Manor, NY. Trump National Golf Club is among the most highly regarded private clubs in the area. The Tom Fazio designed course is known as one of America's best.

During the opening of the Sales Center, VIPs toured three graciously appointed, full-sized model apartments designed by award-winning J.R. Cattington Interiors of Briarcliff Manor, NY. A magnificent building model of the luxury condominium showcased the location of specific homes within the attractive, three and four-story buildings.

Many homes will have expansive views of the lake or wooded area, and buyers can choose from one, two or three-bedroom homes that feature light-filled spacious rooms, nine-foot ceilings, crown moldings, hardwood floors, magnificent master suites and marble baths. Gourmet kitchens with desirable stainless steel appliances can be personalized with a choice of cabinet and granite countertop packages. Patios, eat-in kitchens and Juliet balconies are available in select homes.

Prices for the one, two and three bedroom homes range from the mid-$500,000s to $1.2 million. For more information or to make an appointment, call the Sales Center at (914) 245-0055 and visit www.trumpparkresidences.com

Trump Park Residences is a joint venture between Cappelli Enterprises and the Trump Organization. Cappelli is a prominent force in Northeastern real estate development, headquartered in Valhalla, NY, with a portfolio value exceeding $2 billion. TheTrump Organization is the worlds most recognized name in real estate development worldwide. Together, these two teams are recreating and redefining the landscape of Westchester and beyond.

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