Watercrest Senior Living Group announced the groundbreaking of its first seniors housing community in the state of Virginia. This will also be the furthest north development in Watercrest’s portfolio, so far, as the Florida-based developer/operator has plans to expand its Mid-Atlantic offering. In yet another first, Harbert Seniors Housing Fund II is beginning its relationship with Watercrest on this development.
Set in Richmond, the community will feature 98 units of assisted living and memory care plus many of the luxury amenities typical of a Watercrest community, including a fireplace, theater, salon/spa, a scotch and cigar lounge, as well as grand balconies and outdoor living spaces. Trustmark Bank financed the project, and EMJ Corporation will handle the construction, with residents expected to move in by Summer 2022.