Community Block Party Marks Official Grand Opening of Renaissance Park

Raleigh, N.C., August 27, 2007—Renaissance Park, a new Wakefield Development Company master-planned community located just minutes from downtown Raleigh, celebrated its grand opening with a carnival-themed block party this past Saturday, August 25. The event featured a live remote by G105, and appearances by Cotton the Clown and a stilt-walker. Guests were also able to enter to win raffle prizes, including a digital camera and several iPods.

“This weekend provided an opportunity to showcase the community’s distinct city vibe in a friendly neighborhood setting,” said John Myers, president of Wakefield Development Company. “We could not have asked for a more enthusiastic response, and look forward to the continued growth of Renaissance Park.”

Possessing the desirable amenities characteristic of a Wakefield Development Company master-planned community, Renaissance Park distinguishes itself by incorporating innovative technology and Wi-Fi access scattered throughout the community. A selection of Federal-style townhomes priced from the $190s and single-family homes priced from the mid-$200s will offer truly individualized living spaces. In addition, over 380,000 square feet of retail space has been reserved for a commercial district within the community.

The Welcome Center complex includes a 7,000 square-foot clubhouse with a state-of-the-art fitness center, lighted tennis courts, full-service business center, sand volleyball, a large pool with 4,500 square feet of water surface and a playground.

For more information about the community, please contact the Renaissance Park Welcome Center toll-free at 1-888-RENPARK, or visit www.renaissancepark.com.

About Wakefield Development Company
Signature Communities. Ideal Opportunities.

Wakefield Development Company (WDC), the 2007 NCHBA Developer of the Year, is central North Carolina’s largest developer of residential communities. From tranquil lakeside property and affordable country club living to traditional neighborhood developments with small-town charm and inspiring communities with true urban flair to unique resort-style coastal communities, the WDC portfolio includes almost 18,000 homesites across the central and coastal regions of the state. In addition to the 2004 NCHBA Community of the Year, Bedford at Falls River, the company has six other communities across the Raleigh-Wake County market, including Wakefield Plantation, Eagle Ridge, Edgewater, Cornerstone, Delta Ridge and Twin Lakes.  WDC is developing Mackintosh on the Lake in Burlington, and has begun construction on two new Triangle area communities, Renaissance Park and 12 Oaks. Wakefield Development Company entered the coastal market in 2007 with the launch of San Rio Ocean & River Club and Kingfish Bay.  For more information, call 1-866-223-1280, visit www.wakedev.com, or email info@wakedev.com.