Bob Wiedenmann
Sunwood Development Corp.

Liz Verna,
Verna Properties

Wallingford, CT (May 28, 2008) - Established Wallingford builders, Verna Properties and Sunwood Development have joined forces as VW Homes to build a 65 home new old-fashioned neighborhood on North Farms Road, between the center of town and Route 68.

"The way we have designed The Willows reminds me of the neighborhoods many of us grew up in," Bob Wiedenmann of Sunwood Development explained. "Smaller to 1/3 acre lots and sidewalks on both sides of the street will encourage walking and getting to know your neighbors."

The Willows will be the first single family community of its size developed in town since 1995, and Liz Verna of Verna Properties and Bob Wiedenmann of Sunwood Development are convinced that this is the perfect time to buy a home.

"A multitude of factors make it right for homebuyers to purchase now," Liz Verna declared emphatically. "Not only are Interest rates the lowest in years, but there is not a lot of new construction being built in Wallingford. Anyone buying now will look back and realize that he or she made a great investment"

Five contracts, two binders and a waiting list of 162 who have expressed interest This month, VW Homes opened for pre-sales on the first phase of The Willows. There is a waiting list of 162 potential buyers, who have expressed interest in the community, and Karen Kline, VW Homes new in house sales director, has already written five contracts and taken two binders.

The young couple recently sold their condo in Wallingford and moved in with Amy's parents. Amy's father, Dale Wilson, is Superintendent of Schools, and Amy grew up in Wallingford.

"I love the town," said Amy, "but it's been difficult finding something in our price range. Sales prices at The Willows are $440,000 to $540,000, which is low for new construction in Wallingford. This is a great opportunity for us."

Amy and Frank Balisciano are familiar with Verna Properties and they liked the homes at Sunwood's new single family community, Cobblestone, in Meriden.

"We plan on having a family some day and we want more room and a home of our own," said Frank. "Taxes and electricity are lower in Wallingford than other towns and the quality of the schools is very good."

The Balisciano's and forty other potential buyers participated in a focus group VW Homes held in December at Tradition Golf Club.

"I've been impressed that Liz and Bob are really interested in knowing what their buyers want in a new home," said Amy. "They are trying to design houses that people will love living in."

Verna Properties and Sunwood Development have a long history in Wallingford. Vincenzo Verna founded Verna Developers 40 years ago, and the company, which is now owned by Liz, Marc and Gerald Verna, has built commercial buildings such as the Signature 91 Class A office building on Thorpe Avenue, and residential communities such as Rolling Meadows, Chestnut Lane, Old Oak Village and Woodcrest Knoll in Wallingford.

Bob Wiedenmann moved to the town when he got married in 1981, and his family has lived in a Verna Properties development for the past 19 years. Since 1985, Sunwood Development Corp. has built over 250 homes, many of them in Wallingford, including their current community, Center Place, which is located on Center Street near downtown Wallingford, and award winning Harrison Greens, located adjacent to the Traditions Golf Club.

"Even in the current cyclical housing slump, people continue to be interested in new homes," Bob remarked, "and we're tapping into that potential by paying careful attention to site layout, home design and energy-efficient features. That's why we've hired a nationally recognized architect, James Wentling, Wentling Architects, to design the homes. According to Bob, every home at The Willows will be built to ENERGY STAR™ standards, which is 30% more efficient than typical new construction, and VW Homes will stand behind their new homes by extending a two-year warranty to its customers, which is twice the norm.