The Waverly on Lake Eola
ZOM Development Celebrates Groundbreaking at
Orlando's Newest Downtown Luxury High-Rise

ORLANDO, FL - December 6, 1999 - ZOM's prestigious downtown Orlando luxury apartment high-rise, The Waverly on Lake Eola, celebrated the commencement of construction with a groundbreaking ceremony with honored guest, Mayor Hood, on Monday, December 6, 1999, at 8:30 AM. The Waverly on Lake Eola is a 23-story luxury rental apartment tower that will overlook Orlando's landmark lake and urban park. The distinctive project will feature 230 premium apartment homes in a curvilinear tower, with the top three floors dedicated to spacious penthouses. Designed by world-renowned architect Graham Gund, the high-rise will be a signature address in Orlando's skyline and will set a new standard in upscale urban living. Strategically located on the southern shores of Lake Eola, residents will have breathtaking views of both Lake Eola and the thriving Orlando central business district. A multi-level parking structure will provide secure and convenient access to the project and will feature a street level courtyard and valet drop-off.

The elegance of The Waverly on Lake Eola will carry through to the apartment homes. A superior level of quality and features will be offered. Distinguishing features include spacious floor plans, formal foyers, ample storage, security alarms, Roman tubs, upgraded interior finishes, walk-in closets, balconies, enclosed parking deck with monitor gates, state-of-the-art health club, 24-hour concierge, entertainment facilities, swimming pool, hospitality suite and business center. Monthly rental rates begin at just over $1,000 for a one-bedroom apartment and $1,500 for a two-bedroom apartment. Penthouses will range from $2,000 to $9,000. Leasing is expected to begin in the spring of 2001.

ZOM has previously won 22 Aurora awards for projects it has developed, including a Golden Aurora for "Best Development Project" in 1997 and the prestigious Pillars Award for "Multifamily Development Firm of the Year" in 1999.