VERO BEACH, (August 23, 2018) – Watercrest Senior Living Group and United Properties announce their partnership’s second senior living development in the groundbreaking of Watercrest Sarasota Senior Living Community. Walker and Company will begin construction of the 198-unit, luxury senior living campus this fall, with scheduled completion in Summer 2020.
Ideally located at 4141 Desoto Rd, Watercrest Sarasota will be a signature Watercrest product, offering 72 independent living, 96 assisted living and 30 memory care apartments with resort-style service and world-class care. The architecture and design will boast a stunning promenade, fireplace, signature water wall, multiple dining options, pool, salon and spa, grand balconies, and Florida-style outdoor living spaces. Watercrest’s uniquely designed Market Street Plaza will showcase an ‘outdoor’ streetscape with numerous LifeBUILT programming touches; a highlight and crucial element of their multi-sensory memory care programming.
“As one of the nation’s most desirable places to live, Sarasota provides the idyllic setting for our signature Watercrest senior living community,” says Marc Vorkapich, Principal and CEO of Watercrest Senior Living Group. “We are offering an unparalleled experience which mirrors the upscale amenities and enriching lifestyle seniors are accustomed to enjoying while ensuring their safety through exceptional standards of care.”
With multiple senior living communities in development across the southeast, Watercrest principals, Marc Vorkapich, CEO, and Joan Williams, CFO, are setting new standards of quality for seniors and their families in the development of upscale senior living communities. This is the second senior living development project partnered between Watercrest and United Properties. Their first project, Watercrest Naples Assisted Living and Memory Care is currently under construction and on schedule to welcome residents in Summer 2019.
“It’s gratifying to see the synergies between United Properties and Watercrest build as our partnership evolves,” said Ray Oborn, president of Cherrywood Pointe Investment. “Together, we’re committed to excellence in creating inspired communities where seniors can find joy in aging.”
Founded in 1916 and based in Minneapolis, United Properties has developed nearly 200 projects totaling more than 20 million square feet and nearly $1 billion over the last 30 years, including 17 senior housing communities in the Minneapolis/St. Paul, Denver and Naples markets, with five more under development.
“United Properties is pleased to have the opportunity to serve seniors in our second community in Florida,” said Mike Dailey, senior vice president of development for United Properties. “We look forward to completing this signature project and expanding our senior housing program that provides homes to many.”</p
Watercrest Senior Living Group specializes in the development and operations of assisted living and memory care communities, market repositioning and advisory services, and the growth of servant leaders. For information, visit www.watercrestslg.com
About United Properties
United Properties has been creating deep roots in the commercial real estate industry for more than 100 years. The company imagines new possibilities in real estate to help enrich communities and create lasting legacies. United Properties provides market expertise for ground-up development, redevelopment and acquisitions of value-add and stable investments. The company invests in and develops office, industrial, retail, mixed-use and senior housing properties. United Properties is owned by the Pohlad Companies and is headquartered in Minneapolis, with offices in Denver and Austin, Texas.
