BEDFORD AT FALLS RIVER ANNOUNCES NEW TOWNHOME COLLECTION

RALEIGH, N.C. - February 6, 2008 -Wakefield Development Company announced today that 1st American Builders will be building the final townhome collection at Bedford at Falls River, an award-winning master-planned community located in North Raleigh.

Priced from the low $200s, the two-story garage townhomes will feature two to three bedrooms offering two to three-and-a-half baths. Distinguished by brick exteriors and rear-alleyways, buyers can choose from over five floorplans ranging from 1,600 sq. ft. to 2,000 sq. ft. The townhomes are set to break ground this month.

“We are proud to partner with 1st American Builders on another project in Bedford at Falls River,” said Dawn Forrest, director of marketing for Wakefield Development Company. “After the success of their first collection here, we know that the product built by 1st American Homes provides what today’s buyers want, complemented by the lifestyle that this award-winning community offers.”

Bedford at Falls River revives the traditional neighborhood setting and atmosphere, while combining modern conveniences of today’s homes. For more information about the community, please visit www.BedfordTradition.com, call (919) 792-0100 or visit the Welcome Center at 4390 Falls River Ave., Raleigh, NC 27614.

About Wakefield Development Company
Signature Communities. Ideal Opportunities.

Wakefield Development Company, the 2007 Raleigh-Wake County Home Builder's Association Developer of the Year, is North Carolina's largest developer of residential communities, with a portfolio including approximately 18,000 homesites across the central and coastal regions of the state. Wakefield Development Company communities cater to six ideal lifestyle options, from lakefront property at Mackintosh on the Lake to neo-traditional living at Bedford at Falls River; traditional communities at Edgewater and Twin Lakes to urban living at Renaissance Park; and country club living at 12 Oaks, Eagle Ridge and Wakefield Plantation to coastal communities at Kingfish Bay and San Rio Ocean & River Club. For more information, call 919-556-4310, visit www.wakedev.com, or email info@wakedev.com.

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