WATERFORD WINS APPROVAL FOR SPECTRUM

RESTON, Va. - Waterford Development announced today they have received site-plan approval for Spectrum, an urban, mixed-use development located on West Broad Street in Falls Church. Site work will begin in April.

Waterford's largest project to date, Spectrum will feature 189 luxury condominiums, 32,000 square-feet of retail space and 32,000 square-feet of office space built around a destination market square.
Spectrum offers homebuyers the unique opportunity to choose from Waterford's Lifestyle by Design™ floorplans. Each residence includes state of the art, upscale features and amenities that highlight the chosen lifestyle.

"At Waterford, we want to build communities where diversity is embraced," said Mr. Jan A. Zachariasse, President and CEO of Waterford Development. "You can do that by offering distinctive condominium styles that appeal to different tastes. With Lifestyle by Design™, we can attract residents with varying lifestyles and preferences together under a single roof - Spectrum."

Sales at Spectrum are scheduled to begin in late Spring with prices starting in the mid-$300s.

Waterford Development, recently named the Metropolitan area's 15th largest homebuilder, is a full-service real estate development company headquartered in Reston, Virginia, with an office in Raleigh, North Carolina. Over the past 15 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 Palladium at McLean.