DEVELOPMENT PROFILE

Name: Downing Green (part of Mulberry Park subdivision)

Staff Photo by Jason Reynolds -- Downing Green residents will have access to a common-area swimming pool.

Location: Bill Reed Road in Collegedale

Number of homes: 71 planned; five have been built or are nearly finished

Developers:

Thomas McPherson, James Henson, Bill Varnell and his brother Don Varnell

Exclusive builders: James and Win Pratt

Typical prices: $267,500 to $342,500

Listing agent: Susan Fessler, Ooltewah New Homes Division managing broker, 396-3838. Crye-Leike maintains an office in the model home seven days a week, she said. The hours are 11 a.m. to 6 p.m. Monday through Saturday and 2-6 p.m. on Sunday.

Web sites: prattliving.com and crye-leike.com

Grand opening: 3 p.m. on Thursday

DEVELOPMENT FEATURES

Neighborhood in a neighborhood: Downing Green is the second of six neighborhoods being built in Mulberry Park, an 88-acre development with different types of homes on Ooltewah-Ringgold and Bill Reed roads. Ms. Fessler said she is the exclusive listing agent for all the neighborhoods. Collier Place is the first neighborhood, with condos selling from $260,000 to $285,000.

Maintenance fee: $100 per month for yards and for common areas, including a swimming pool/ cabana

Buyer incentive: James Pratt said he is offering a 4.875 percent loan through Regions Bank for existing homes or homes under construction in Downing Green. Loan amounts must be $200,000 to $417,000, and the loan must close before July 1. The loans are backed by Fannie Mae and Freddie Mac, Mr. Pratt said.

Traditional neighborhood design: Downing Green has wide sidewalks, neighborhood parks, green spaces and designs from the arts and crafts era, giving it a 1920s neighborhood appearance, Mr. Pratt said.

Home designs: Large front porches; 17 floor plans, including some from Reunion, another of Mr. Pratt’s developments.

Typical home sizes are 1,700 to 3,300 square feet.

Other features: Some houses have garages accessed by an alley; basement lots available; exteriors of cement fiber board siding, stone and brick; two-year builder’s warranty instead of the typical oneyear warranty, Mr. Pratt said.