Liberty Harbor Offers Luxury Waterfront Resort Living and Shelter from the Storm

Groundbreaking Development Signs Letter of Intent with Hyatt; Draws International Interest from Buye

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. October 14, 2008

BRUNSWICK, GA, December 12, 2005. With the official end of the hurricane season on November 30, developers and owners of waterfront resort properties are breathing a category 5 collective sigh of relief and hunkering down before making any new commitments for lavish coastal playgrounds. Right? Not exactly.

Cleveland, OH-based developer Gary Waxman is moving ahead at warp speed with Liberty Harbor, a new billion-dollar, 110-acre, 1,800 luxury condominium development, which will feature a 350-wet slip marina, exclusive retail shops and a resort hotel. Liberty Harbor is located in Brunswick, GA on the Brunswick River, four miles from the Atlantic Ocean, in the gossamer region of the Golden Isles which includes St. Simons, Sea Island and Jekyll Island. The site is on the western-most point of the East Coast (same longitude as Akron, OH), in an area that has not been hit by a hurricane in over 100 years.

James Oglethorpe, one of the Georgia's founding fathers, created the city plan for historic Brunswick, modeling it on his celebrated plan for the city of Savannah. The development and design team used Oglethorpe's original plan for the waterfront site as the inspiration for the grid-like street layout, succession of public squares and abundance of green space. State and city officials and local residents have given unprecedented support to Liberty Harbor, participating in a charrette to help plan the community to ensure it reflects what is best for the area and rezoning the site to allow buildings as tall as 250 feet. The approval for the entitlements was achieved in a record four-month time period - a process that can take years.

"There is an enormous opportunity and potential here to develop one of the largest available waterfront properties on the east coast," said Mr. Waxman. "There is simply nothing like it with direct access to the ocean -- in an historic community with connections to some of the most gorgeous wetlands, beaches and water vistas on the eastern seaboard."

Mr. Waxman set this development in motion in June and it has progressed at a whirlwind pace. Just five months into development, Liberty Harbor has just signed a letter of intent with Hyatt Hotels & Resorts to manage a 210-room Hyatt Regency resort. Hyatt Regency is Hyatt's core brand, known for superior service and luxury at its destination resorts around the world. The Liberty Harbor Hyatt Regency will offer guests world-class restaurants, a state-of-the-art fitness center and spa as well as extensive meeting and conference facilities. There will also be a spectacular private boardwalk running along the marina that connects to the city's public boardwalk, which will offer a host of water sports, family activities and entertainment options.

"We are so pleased to welcome a world class brand like Hyatt to Liberty Harbor," said Mr. Waxman. "The distinction and excellence that are the hallmarks of Hyatt Regency reflect the unparalleled quality of this entire project."

Though sales won't officially begin until January, the marketing team has already taken nearly 800 reservations from buyers seeking an ideal waterfront lifestyle without the associated risk.