Article: Tarragon Realty Investors Announces $150 Million In Development Plans for 814 Hoboken Apartments; Company Achieves Significant Milestones in Two Major Hoboken, NJ-based Condominium Development Projects.

Tarragon Realty Investors, Inc. , a real estate investor and developer of for-sale housing and rental communities, announced that it and its joint venture partner, Hoboken-based URSA Development Group LLC, have received site plan approvals from the Planning Board of the City of Hoboken, New Jersey, for 13th Street Development, a three-city block, 436-unit luxury condominium project bounded on the south by 12th Street, and on the west and east by Adams and Clinton Streets, respectively. Tarragon expects to begin construction of the first, 159-unit phase of the project in June 2003, with construction to be complete by August 2004.

In addition, the Company announced ...

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