Will Sell 45 Classic Townhomes in Historic Downtown Frederick, Maryland
FREDERICK, Md. & RESTON, Va.--(BUSINESS WIRE)--
Comstock Homes of Washington, LC, a wholly owned subsidiary of Comstock
Holding Companies, Inc. (NASDAQ: CHCI), today announced it will build
Maxwell Square, a community of 45 townhomes, in the historic district of
Frederick, Maryland. The property is fully entitled and Comstock will
begin construction shortly. The Sales Center opened in September 2013
and the first deliveries are expected in early 2014.
Maxwell Square combines modern grace with historic elegance in the heart
of Frederick's ‘walkable urban' district. The facades of the brick homes
are designed to complement the rich architectural flavor of downtown
Frederick, each with a front porch in keeping with the Federal nature of
the neighborhood.
The townhomes are four levels ranging from 2,400 to 2,900 square feet.
Each has a fourth-floor loft and hosts a balcony. The kitchens offer
upgraded appliances, fine cabinetry and granite countertops. All of the
homes come with a two-car garage. Preconstruction pricing will begin in
the mid-$300,000's.
Historic Frederick has become a cultural hotbed in recent years,
abundant with art galleries, performing arts spaces, history and
antiques. Fine dining is a city standard, with Top Chef winner Brian
Voltaggio's VOLT only a few blocks from Maxwell Square.
For additional information please visit http://www.comstockhomes.com.
About Comstock Holding Companies, Inc. & Comstock Homes
Comstock is a multi-faceted real estate development and services
company, which builds a wide range of housing products under its
Comstock Homes brand through its wholly owned subsidiary, Comstock Homes
of Washington, LC. Our substantial experience in building a diverse
range of products including apartments, single-family homes, townhouses,
mid-rise condominiums, high-rise condominiums and mixed-use (residential
and commercial) developments has positioned Comstock as a prominent real
estate developer and homebuilder in the Washington, D.C. metropolitan
area. Comstock Holding Companies, Inc. is a publicly traded company,
trading on NASDAQ under the symbol CHCI. For more information about
Comstock or its projects please visit www.comstockhomes.com.
Cautionary Statement Regarding Forward-Looking Statements
This release contains "forward-looking" statements that are made
pursuant to the Safe Harbor provisions of the Private Securities
Litigation Reform Act of 1995. Forward-looking statements involve known
and unknown risks and uncertainties that may cause actual future results
to differ materially from those projected or contemplated in the
forward-looking statements including incurring substantial indebtedness
with respect to projects, the diversion of management's attention and
other negative consequences. Additional information concerning these and
other important risks and uncertainties can be found under the heading
"Risk Factors" in the Company's most recent Form 10-K, as filed with the
Securities and Exchange Commission. Comstock specifically disclaims any
obligation to update or revise any forward-looking statements, whether
as a result of new information, future developments or otherwise.
Comstock Holding Companies, Inc.
Joe Squeri, 703-230-1229
Chief
Financial Officer
or
Investor Relations:
LHA
Jody
Burfening / Harriet Fried
212-838-3777
hfried@lhai.com
Source: Comstock Homes of Washington, LC
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