10+ Acre Private Estate Home Sites Released for Sale

Area Luxury Homebuilders Receive Preview

(RALEIGH, NC. September 6, 2007) -- Corbin Crossing, an exciting new project featuring 10-acre estate home sites was unveiled last night at an invitation-only luxury homebuilder dinner at Raleigh’s renowned Angus Barn. The event was hosted by Waterford Development NC, one of the most experienced and celebrated community developers in the Mid-Atlantic, and developer of Corbin Crossing.

The community was well received by estate home builders.

“The prospect of building on a 10 acre home site is a rare and exciting opportunity,” said Mike Golder, President of Barrington Homes, Inc. a luxury home builder based in Cary. “Customers are constantly asking me where they can find larger home sites as opposed to the small lots available in most new communities in the Triangle. The location is ideal as it is close to everything. Plus, I’m impressed by Waterford Development’s commitment to build a community of extremely high quality.”

The 39 private estate home sites in this gated community are heavily wooded, affording residents the benefit of privacy while living in an upscale community. The name Corbin Crossing was chosen by Waterford because of the community’s close proximity to the town of Hillsborough, which was originally named Corbin Town. Hillsborough, a quaint, historic small town just northwest of Durham and Research Triangle Park, was once the state capital.

“The location is truly ideal”, said Jan A. Zachariasse, president and chief executive officer of Waterford Development. “Corbin Crossing residents can live within 25 minutes of downtown Raleigh, Durham, Research Triangle Park and Chapel Hill, yet be able to enjoy life in a serene, relaxing environment. And, for those who commute to Research Triangle Park, Raleigh and other points east, Corbin Crossing offers an easy drive against rush hour traffic.”

Waterford Development NC has partnered with Linda Craft and her team at REMAX/One Realty in the sale of Corbin Crossing. Linda and her team are one of the top RE/MAX organizations in the world.

“We are very pleased to be working with such a highly respected, successful Realtor, said Zachariasse. “She is one of the top real estate brokers in the state, and has a great track record of working with builders, developers and buyers.”

Waterford Development NC is a steward of the land and has sensitively developed Corbin Crossing with minimal interruption to the natural beauty of the countryside. Projects are prudently planned and developed with an eye toward the future.

“It’s important to our company to preserve the natural beauty of the land” said Zachariasse. “We were extremely careful to preserve Corbin Crossing’s pristine environment.”

Founded in 1989 and headquartered in Reston, Virginia, Waterford Development has completed many award-winning residential and mixed use communities in the Washington, DC Metropolitan area as well as the development of “Class A” office and retail projects. Waterford’s philosophy in achieving success is to build long-lasting partnerships with others.

Directions to Corbin Crossing: From I-85 take highway 86 (Churton Street) north through historic Hillsborough or by-pass the downtown area on Highway 70. At the intersection of Highway 86 and Highway 70, proceed north on Highway 86 for ¼ mile and turn right (northeast) on Highway 57 for two miles. Turn left on Stroud’s Creek Road and turn right into Corbin Crossing.

For more information on Corbin Crossing, please contact Linda Craft and team at 919-781-9298 or visit www.corbincrossingNC.com or www.lindacraft.com.

About Waterford Development
Waterford Development is a full-service real estate development company headquartered in Reston, Virginia, with an office in Raleigh, North Carolina. Over the past 18 years, Waterford Development has developed thousands of acres of land and completed numerous unique residential communities as well as innovative office and retail spaces. Recent award-winning developments include Belmont Greene, Symphony Village, The Broadway, and The Palladium. For more information, visit www.waterforddevelopmentllc.com.

About Linda Craft and Team
Linda Craft and Team at RE/MAX One Realty have become one of the top RE/MAX organizations in the world by helping a wide range of individuals and families find a place to call home. During Linda Craft’s more than 20 years as a Real Estate professional, she has helped over 5,000 people purchase a new home. Whether you are looking for your first home or your dream home, the Linda Craft Team can help. For more information, please call 919-781-9298 or visit www.lindacraft.com.