The Beacon of Groveton, New Luxury Apartment Community in Alexandria Drawing Strong Interest Before Official Opening

Deposits Being Accepted, First Move-Ins Scheduled for August in Wood Partners Development


ALEXANDRIA, VA--(Marketwire - Jul 23, 2012) - Early demand has been strong for The Beacon of Groveton, a new apartment community featuring distinctive luxury living with a choice of 29 floor plans at 6850 Richmond Highway in Alexandria.

More than 300 potential residents have signed up on the community's interest list. Units in floors six through eight will be ready for move-in by early to mid-August, and units on the fourth and fifth floors are scheduled for late August.

The Beacon at Groveton, developed by Wood Partners, L.L.C., the nation's most active multifamily developer, is offering studios beginning at $1,575, one-bedrooms beginning at $1,750 and two-bedrooms starting at $2,425. Units range in size from 580 square feet to 1,244 square feet.

"We are gratified by the tremendous pre-opening response to The Beacon of Groveton. The wide choice of floor plans, first-class amenities, and free shuttle service to the Huntington Metro Station just over one mile away, makes The Beacon an ideal alternative to city living for people looking for affordable luxury," said Leonard Wood, Jr., director of the Mid-Atlantic Region of Wood Partners.

The residential community is a contiguous wrap design with four-, five- and six-story sections on 4.6 acres with 290 residential units and 10,000 square feet of available ground floor retail space, fronting Richmond Highway (Route 1).

Interior amenities include wood plank flooring and oversized sinks, Italian cabinetry, custom brushed nickel hardware, granite countertops, upgraded retro lighting fixtures, soaking tubs and glass panel walk-in showers in select homes, pre-wiring for high-speed communications, individual climate control with energy-saving programmable thermostats, walk-in closets, washer and dryer in every unit, fully equipped kitchens including designer black appliances, frost-free refrigerators with ice maker and space-saver microwave ovens. Select units will have views of the Potomac River and D.C. Monuments.

The Beacon of Groveton's community assets are designed for active living including the Beacon House Theatre featuring state-of-the-art media entertainment, a Beach Club with an outdoor wet lounge including salt water pool, a Wi-Fi Café and grilling areas, a club room and pub with pool table and shuffleboard table, Speakeasy poker room, video gaming room, the Pooch Hooch neighborhood dog park and an exercise center featuring a CrossFit® training concept and Expresso Bikes.

The community conforms to ENERGY STAR® green building standards and features a private parking deck and controlled access entry. The Beacon of Groveton is next door to the Beacon Center, anchored by Giant Food and Lowe's Home Improvement Center and is just one mile from the new Kings Crossing shopping center, anchored by Walmart.

For further information visit http://www.beaconofgroveton.com/ or the community's Facebook page at https://www.facebook.com/thebeaconofgroveton.

About Wood Partners
Wood Partners is a national real estate company that acquires, develops, constructs and property manages high density and mixed-use communities. In 2011, it was ranked the nation's No. 1 multifamily developer with 3,750 unit starts. Through quality construction, responsible land development and intelligent design, our communities reflect the aesthetic and social fabric of the community and provide a luxurious living experience at a fair price. The company has been involved in the development of more than 40,000 homes with a combined value of more than $5.5 billion nationwide. Wood Partners has offices in 15 major markets nationwide including Atlanta, Baltimore, Boston, Charlotte, Dallas, Delray Beach, Denver, Houston, Newport Beach, Orlando, Phoenix, Raleigh-Durham, San Francisco, Seattle and Washington, D.C. To learn more about Wood Partners, please visit our Web site at www.woodpartners.com.

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