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HISTORIC REDEVELOPMENT TAKING SHAPE

MONTCLAIR, NJ, FEBRUARY 6, 2006 — The Siena at Montclair, the new luxury condominium and mixed-use complex being developed by Pinnacle Downtown, a subsidiary of Pinnacle Ltd, and Kohl Partners, has opened its state-of-the-art sales office at The Georgian Inn, Unit M-2 at 37 North Mountain Avenue in Montclair, New Jersey. Open from 10 am-5 pm, Monday through Friday, and 11am-5pm, Saturday and Sunday, in-office inquiries are by appointment only. The sales office makes it easy to visualize the homes through virtual technology and lifestyle video presentations. Customers can also view the luxurious kitchens and bathrooms, which are a part of the sales office displays.

The Siena sales office will provide samples of kitchen and bathroom granite top selections, cabinets for kitchen and bathroom, wood floor and carpet selections, plumbing fixture samples, kitchen vignettes and much more. Sales professionals will be on hand to guide homebuyers through a virtual tour of the community as well as individual units.

“We are extremely excited to be unveiling our much-anticipated sales center for The Siena,” said Mary Boorman senior vice president of marketing of Pinnacle Ltd. “Now, finally, prospective buyers wanting to live in the heart of Montclair have the rare opportunity to capture all that this nationally acclaimed community has to offer. An opportunity like this truly comes around once in a lifetime, so we anticipate very strong demand.”

The Siena, a mixed-use smart growth development located at South Park and Church Street, will feature 101 condo units including one- and two-bedroom homes; many of the homes also have a den. Prices will range from the $400,000’s to over $1 million. The seven-floor facility will also feature 40,000 square feet of ground level retail space, which will include a New York Sports Club. Formerly the site of the Hahnes department store, the property stood vacant for more than ten years until it was acquired by Pinnacle.

To learn more about The Siena please call the sales office at (888) SIENA NJ or visit the website www.sienaatmontclair.com. Brokers are welcome.

Pinnacle Limited., which includes Pinnacle Communities, Pinnacle Custom and Pinnacle
Downtown, is among the most respected real estate development and investment companies in the New Jersey and Connecticut markets. Since the Company’s founding in 1984, Pinnacle has built in excess of 3,000 luxury attached and detached homes. Kohl Partners, LLC has been developing residential housing in New Jersey and New York since 1953. Together Pinnacle Downtown and Kohl Partners bring a wealth of expertise and innovation to the Siena.

For more information on Pinnacle Ltd., visit www.pinnaclecompanies.net or contact the company’s Millburn headquarters at 973-379-1900.