The Equity Company Inc. Announces Initial Sales at The Residences at Franklin School Initial Sales will begin at Preconstruction Pricing



ales of the twenty (20) condominium homes are being managed by Coldwell Banker New Homes Sales Director Susan Bolgar.

Medford, MA March 4, 2006 -- The Equity Company, Inc. is proud to announce that initial sales of its newest luxury development in Medford, MA, The Residences at Franklin School, will begin on March 5, 2006. Sales of the twenty (20) condominium homes are being managed by Coldwell Banker New Homes Sales Director Susan Bolgar.

The Equity Company is an award winning development firm specializing in high quality condominiums and town homes. "We our proud to deliver excellent quality homes with real value for our customers. At Franklin we are re-polishing an architectural jewel," said Keith Munsell, Vice President of The Equity Company.

"The Residences at Franklin School will offer the discriminating buyer a contemporary condominium lifestyle with an urban feel without downtown prices and hassles," according to Rick Williams, President of The Equity Company. "More and more buyers are recognizing the advantages of homes in Medford - close to Boston and Cambridge but without Boston and Cambridge prices. This property is also located in an established residential neighborhood rather than an impersonal big building setting."

Located on 68 Central Avenue, The Residences at Franklin School features new construction inside the classically beautiful red brick facade. The Residences at Franklin School was built in 1895 and is a wonderful example of 19th Century brick architecture with magnificent tall windows and ceilings. The contemporary design and sensitive renovation will create a signature residential community for those who want the best in contemporary living close to Boston. Five penthouse condos have double height glass walls that bathe the interiors with light and open to broad vistas including the Boston sky line. These units also have upper level lofts and terraces. The first floor residences have private patios.

Upon completion, The Residences at Franklin School will have the Energy Star designation of advanced construction systems for very high energy efficiency. The Equity Company has been working with Energy Star engineers from the beginning to design, engineer, and implement energy efficient construction techniques at The Residences at Franklin School that meet the Energy Star requirements and principals.

The twenty high-end, two bedroom and two bath condominium homes designed by award-winning Abacus Architects & Planners will also have the following exclusive amenities:

>    Modern luxury appointments: granite counter tops, stainless steel appliances, central A/C and telecom connectivity
>    Ample parking: two off street parking spaces for each residence
>    Elevator
>    Minutes from Rt. 93 and the MBTA Orange Line stop at Wellington Circle
>    Individually metered units: homeowners control electric, gas and water usage

The two bedroom units will range from approximately 1,100 to 2,000 square feet of living space. Pricing for the units will begin in the $500,000 range. The Equity Company will also sell three of the completed units through an affordable housing lottery. Construction is scheduled for completion the summer of 2006.

For a tour of The Residences at Franklin School feel free to stop by during office hours: Saturday through Tuesday, from 12:00 p.m. - 4:00 p.m., or call Susan Bolgar at 781.395.1347 to make an appointment. The developments web site is http://www.theresidencesatfranklinschool.com.

The Equity Company, Inc. Founded in 1985, The Equity Company is a developer of residential properties in the greater Boston area. Equity specializes in new construction, renovation and turnkey developments of condominiums and townhouses. Equity brings a creative approach to its developments where quality design and sensitivity to the setting of a property and to community objectives, can result in high quality homes that enhance the neighborhoods in which they are located. Equity was awarded the Developer of the Year Award in 1998 by the Massachusetts Housing Investment Corporation (MHIC) and the Housing Award by the Boston Society of Architects. For more information, please visit www.Equity100.com.

CONTACT:
Lisa N. McGonagle
Principal
Nickerson PR, Marketing & Events, Inc.
Phone: 617.861.5060
www.nickersonpme.com





The Equity Company Inc. Announces Initial Sales at The Residences at Franklin School Initial Sales will begin at Preconstruction Pricing