The Guess Corporation Entering Ultra-Luxury Home Market

The Guess Corporation Launching Unit For Ultra-Luxury Home Communities

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Jul 12, 2016, 01:55 ET

DURHAM, N.C., July 12, 2016 /PRNewswire/ -- The Guess Corporation is pleased to announce that it is entering the ultra-luxury home market through the launch of its subsidiary, The Guess Development Company. The company will build homes that range from 10,000 square feet to well over 40,000 square feet and include the most exclusive amenities.

The Guess Corporation Entering Ultra-Luxury Home Market

While most homes built will have undisclosed prices and be privately listed, the minimum unpublished price will be $10 million. The company is currently inviting select real estate brokers to market the homes to ultra-affluent individuals and families in the United States and abroad. Homes will be part of gated communities that the company will develop. The gated communities will include a professional golf-course, clubhouse, pool, medical clinic and private banking office that is affiliated with a major financial institution.

The company has chosen to build its first set of homes in North Carolina, South Carolina, Tennessee, Georgia and Florida. All homes will be developed and built by the company and/or affiliates of The Guess Corporation. In some instances, prospective buyers will be offered the option of customizing select homes prior to construction. The company expects to make the first set of homes available in North Carolina by early 2017.

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SOURCE The Guess Corporation