Chesapeake Homes Announces Expansion into the North Carolina Market
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Chesapeake Homes Announces Expansion into the North Carolina Market

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Holly Springs, NCChesapeake Homes, one of Hampton Roads, Virginia’s leading builders, today announced their expansion into the Triangle market. Backed by L.M. Sandler & Sons, Inc., one of the largest privately owned developers of master-planned communities in the U.S., Chesapeake Homes North Carolina’s first project is in 12 Oaks, Wakefield Development Company’s newest high-end, master-planned community in Holly Springs.

Paul Luck, an award-winning, second generation homebuilder, will head up the North Carolina Division of Chesapeake Homes. Mr. Luck brings over 20 years of management experience for a variety of large companies in the homebuilding industry. Most recently, Mr. Luck worked as a consultant for L.M. Sandler & Sons, Inc. where he negotiated the public-private venture to build 1,300 homes for the U.S. Navy and provided consulting services for future development projects in the Mid-Atlantic markets.

“Given our success in the Virginia market, together with the opportunity to build in award-winning communities developed by Wakefield Development Company, we believe this to be a tremendous opportunity to build our brand in the Triangle area,” said Luck.

Chesapeake Homes North Carolina will build a mix of Colonial, Traditional and Craftsman-style homes in the 687-acre 12 Oaks community, which is located off the new Highway 55 bypass. Prices range from the $290s to the $360s and homebuyers can choose from several floor plans offering 2,100 to 3,000 square feet of living space with multiple elevations.

A classic southern community, 12 Oaks features a Nicklaus Design Group 18-hole golf course and offers a sports club including fitness, tennis and an aquatic center scheduled to open in late 2008. Double tree-lined sidewalks, parks, playgrounds and abundant landscaping add to the streetscape of southern architecture. A gracious antebellum-style clubhouse, scheduled for a 2009 opening, will feature a golf pro shop, men’s and women’s locker rooms, casual and formal dining and a ballroom.

“We chose 12 Oaks as our first project because we wanted to be a part of the Holly Springs community and the growth the area is experiencing,” said Luck. “Wakefield Development Company’s proven track record of delivering on its vision made this a perfect opportunity to launch into this market.”

For more information about Chesapeake Homes North Carolina, please call 919-256-3060 or visit www.cheshomesnc.com.

About Chesapeake Homes North Carolina
Chesapeake Homes North Carolina is backed by Virginia-based L.M. Sandler & Sons, Inc., one of the largest privately-owned developers of master-planned communities in the United States and sister company to Wakefield Development Company, central North Carolina’s largest developer of residential communities. Due to its success in the Hampton Road’s area, Chesapeake Homes is expanding into the North Carolina market with its first area project in 12 Oaks, Wakefield Development Company’s newest high-end master-planned community in Holly Springs.

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