Morning Star Business Report,

April 2006

Schell Brothers’ Latest Community Promises Luxury Living Close to the Beach

Morning Star Business Report, April 2006

Ocean Atlantic Associates and Schell Brothers are developing a new resort-style community located in Lewes, Delaware on Gills Neck Road.

This new community, named Breakwater in reference to the nearby Junction and Breakwater nature trail, will feature a diverse mix of coastal-style housing comprised of townhomes starting in the $430’s, twinhomes starting in the $540’s, and newly-released custom single family homes starting in the $570’s.

In addition, the developers are planning a pool, walking trails and a state-of-the-art exercise facility for residents.

While designing this new community, the Ocean Atlantic team focused on integrating natural elements throughout the neighborhood to reflect its ideal location between the town of Lewes and the beach.

Water features will be prevalent within the community with nine ponds planned. The nearby Junction and Breakwater Trail will allow residents to follow the former Penn Central Rail Line that once transported passengers to the Atlantic coast. Currently over 3 _ miles long, the next phase of the Breakwater trail will extend the path to over 6 miles, connecting Rehoboth Beach to Lewes. In addition, the 185 total planned homes to be built at Breakwater by Schell Brothers, Breakwater’s award-winning builder, will take architectural cues from the traditional Victorian and craftsman-housing styles found throughout Lewes.

“Living at Breakwater will allow residents to become part of Lewes, one of the most scenic and historic towns in Delaware,” said Dave Burris of Jack Lingo Real Estate.

“With the 375th anniversary of Lewes this year, it’s a great time to experience both the small town charm and the natural beauty inherent to this area.” There are plenty of commemorative activities planned for the town’s 375th celebration, including a rededication ceremony at the original Zwanendael site, a Delaware Symphony Orchestra performance at the College of Marine Studies and a Tall Ships’ Festival where ships from all over the world will dock in Lewes.

For additional information on Breakwater please call (302) 645-2207 or visit www.breakwaterlewes.com. For additional information on the 375th anniversary of Lewes please call 302-645-8073 or visit http://375.historiclewes.org.