Community Features Host of Amenities plus Convenient Location
Next to New METROrail Station and Springfield Mall
SPRINGFIELD, Va., Aug. 1 /PRNewswire/ -- Members of Northern Virginia's
government and business communities were on hand Thursday, July 31, as Charles
E. Smith Residential Realty, Inc. (NYSE: SRW) broke ground for the area's
newest luxury apartment community -- Springfield Station -- located on Spring
Mall Road just steps from both the recently opened Franconia - Springfield
METROrail Station, and the Springfield Mall. Initial apartment occupancy at
Springfield Station is expected in early 1998.
Al Neely, Senior Vice President heading the Springfield Station
development team, commented: "When it opens early next year, not only will
Springfield Station have the best and most advanced features of apartment
living but, because it is right next to the new Springfield METROrail stop, it
is a quick, easy ride, to Alexandria, Crystal City, the Pentagon, Rosslyn and
downtown Washington, as well as to the new National Airport -- all without
changing trains."
The enclosed, gated community includes 631 apartments, 440 are
garden-style units, and 191 in six-story, mid-rise elevator buildings.
Apartments include one, two and three bedroom floor plans, including some
units with an upper loft level. The Springfield Station community provides a
host of amenities for residents to enjoy. A spacious clubhouse offers a
hospitality area, game room and fitness center with cardio theater. The
Springfield Station clubhouse was designed with the home office worker in
mind, featuring a full service business center with four PC stations, laser
scanners, printers and fax machines. A conference room is also available.
Outside is a swimming pool and sundeck, lighted tennis court, play area and
picnic area.
Access to the community is controlled by a state-of-the-art security
system. Residents have the option of individual garage parking with garage
door openers, and some mid-rise building units offer underground parking
reachable by elevator. A car wash and detailing center is available to
residents. Ample storage is also available.
Balconies overlook professionally landscaped courtyards. Inside the
apartments, white-on-white kitchens are equipped with brand-name appliances,
including icemaker, dishwasher, and gas range, and no-wax floors. Bathrooms
feature cultured marble vanities, with soaker tubs available in some units.
Sun rooms, ceiling fans and gas fireplaces are options in selected units.
Less than 15 miles from downtown Washington, Springfield Station is
located at one of Northern Virginia's major transportation hubs. In addition
to the new METROrail station, commuters will also have ready access to I-95,
I-495, and 1-395. Residents will find shopping, dining and recreation at
their fingertips, with the shops, restaurants and department stores of the
Springfield Mall just across the street.
Residents of Springfield Station will also be able to use Charles E.
Smith's unique services program Smith Advantage. By simply dialing the Smith
Advantage service number any time seven days a week, 24 hours a day, members
of Smith Advantage can order from an extensive list of convenience services.
Flowers, laundry, gifts, transportation, housekeeping and many other services
are available through Smith Advantage to residents of the over 21,000
apartments in communities managed by Charles E. Smith.
Charles E. Smith Residential Realty Inc. is a self-managed Real Estate
Investment Trust listed on the New York Stock Exchange (SRW). The Company and
its subsidiaries and affiliates own, acquire, develop and manage multifamily
residential properties for its own account, and provide real estate services
to other property owners. The Company owns a portfolio of more than 17,O00
apartment units and manages another 4,000 units for other owners. Total
market capitalization of the Company -- Charles E. Smith Residential Realty,
including its Operating Partnership -- was approximately $1.3 billion on June
30, 1997 based on a stock price of $28.75. Investor information including
press releases about Charles E. Smith Residential Realty is available on the
company's Web Site at http://www.smithreit.com ... and also through PR
Newswire's "Company News On Call" by fax 800-758-5804, ext. 101271, or at
http://www.prnewswire.com.
SOURCE Charles E. Smith Residential Realty, Inc.
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CONTACT: investors, M. Bruce Snyder, 703-769-1029, or media, John Kurtz, 703-769-1153, both of Charles E. Smith Residential Realty
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