Comstock to Build Maxwell Square

  Comstock to Build Maxwell Square

   Will Sell 45 Classic Townhomes in Historic Downtown Frederick, Maryland

Business Wire

FREDERICK, Md. & RESTON, Va. -- October 2, 2013

Comstock Homes of Washington, LC, a wholly owned subsidiary of Comstock
Holding Companies, Inc. (NASDAQ: CHCI), today announced it will build Maxwell
Square, a community of 45 townhomes, in the historic district of Frederick,
Maryland. The property is fully entitled and Comstock will begin construction
shortly. The Sales Center opened in September 2013 and the first deliveries
are expected in early 2014.

Maxwell Square combines modern grace with historic elegance in the heart of
Frederick’s ‘walkable urban’ district. The facades of the brick homes are
designed to complement the rich architectural flavor of downtown Frederick,
each with a front porch in keeping with the Federal nature of the
neighborhood.

The townhomes are four levels ranging from 2,400 to 2,900 square feet. Each
has a fourth-floor loft and hosts a balcony. The kitchens offer upgraded
appliances, fine cabinetry and granite countertops. All of the homes come with
a two-car garage. Preconstruction pricing will begin in the mid-$300,000’s.

Historic Frederick has become a cultural hotbed in recent years, abundant with
art galleries, performing arts spaces, history and antiques. Fine dining is a
city standard, with Top Chef winner Brian Voltaggio’s VOLT only a few blocks
from Maxwell Square.

For additional information please visit http://www.comstockhomes.com.

About Comstock Holding Companies, Inc. & Comstock Homes

Comstock is a multi-faceted real estate development and services company,
which builds a wide range of housing products under its Comstock Homes brand
through its wholly owned subsidiary, Comstock Homes of Washington, LC. Our
substantial experience in building a diverse range of products including
apartments, single-family homes, townhouses, mid-rise condominiums, high-rise
condominiums and mixed-use (residential and commercial) developments has
positioned Comstock as a prominent real estate developer and homebuilder in
theWashington, D.C.metropolitan area. Comstock Holding Companies, Inc. is a
publicly traded company, trading on NASDAQ under the symbol CHCI. For more
information about Comstock or its projects please visit www.comstockhomes.com.

Cautionary Statement Regarding Forward-Looking Statements

This release contains "forward-looking" statements that are made pursuant to
the Safe Harbor provisions of the Private Securities Litigation Reform Act of
1995. Forward-looking statements involve known and unknown risks and
uncertainties that may cause actual future results to differ materially from
those projected or contemplated in the forward-looking statements including
incurring substantial indebtedness with respect to projects, the diversion of
management’s attention and other negative consequences. Additional information
concerning these and other important risks and uncertainties can be found
under the heading "Risk Factors" in the Company's most recent Form 10-K, as
filed with the Securities and Exchange Commission. Comstock specifically
disclaims any obligation to update or revise any forward-looking statements,
whether as a result of new information, future developments or otherwise.

Contact:

Comstock Holding Companies, Inc.
Joe Squeri, 703-230-1229
Chief Financial Officer
or
Investor Relations:
LHA
Jody Burfening / Harriet Fried
212-838-3777
hfried@lhai.com
 
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