San Rio Ocean & River Club Celebrates Continued Success During Weekend-long Event

Shallotte, N.C., November 6, 2007—Wakefield Development Company's Coastal Division recently hosted a successful weekend celebration event at its newest master-planned community, San Rio Ocean & River Club located in Shallotte, North Carolina. Featuring a unique Carolina Caribbean Low-country theme, San Rio will offer residents a resort-style amenity package unlike anything currently found along the North Carolina coast.

John Myers, president of Wakefield Development Company and Jim Wiseman, senior vice president of Wakefield Development Company's Coastal Division, welcomed guests to the weekend celebration, with a majority of them members of Wakefield Development Company’s Friends and Family program, an exclusive organization of current or previous Wakefield Development Company homeowners. New property owners hailed from the Carolinas, Maryland, New Jersey, New York and Pennsylvania.

“San Rio is a unique lifestyle unmatched by any other development,” said Linda Cash, a member of Wakefield Development Company’s Friends and Family program and a San Rio Ocean & River Club property owner. “Everything you want is here!”

The Caribbean-themed weekend celebration opened with a casually elegant welcome reception, entertainment and local cuisine. Festivities continued on Saturday, with additional gourmet fare and personal property tours by helicopter and boat. The weekend closed with an exciting live performance by Grammy award-winning artist, Travis Tritt.

“Since the grand opening of San Rio Ocean & River Club in April, we have been overwhelmed by the interest in the community and the unique lifestyle it offers homebuyers along the North Carolina coast,” said Wiseman. “During this weekend's celebration, we were able to successfully showcase the community's Carolina Caribbean theme as well as the wonderful town of Shallotte.”

San Rio will feature resort-style amenities inspired by the best of the Caribbean. The clubhouse is currently planned to include a world-class, resort-style pool with waterfall, private cabanas, a grotto area, tiki bar terrace, outdoor fireplace, kids' water world and splash zone and much, much more. Other proposed amenities include a themed indoor aquatic center, beach zone, tennis court, lazy river, nature trails and fitness center.

Wakefield Development Company entered the coastal market in January with the launch of San Rio Ocean & River Club in Shallotte, N.C. and Kingfish Bay, located along the Calabash River. For more information, contact Wakefield Development Company's Coastal Division at 910-575-4300, or visit www.SanRioNC.com or www.KingfishBay.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.