Work on Roanoke’s first independent living facility got underway at Oak Street and Dorman Road. The $81 million project, called Watermere on Oak, will feature 208 units that include a fitness center, meal options and housekeeping. The development will focus on independent living, assisted living, short-term care, and memory care.
Integrated Real Estate Group, the development company for Watermere on Oak, will also build a 30-lot subdivision and an eight-lot subdivision within the community with no age restriction.
Since 2003, Integrated Real Estate Group has developed more than 15,000 units across the South Central U.S., valued at over $1 billion. Upon completion of construction and development, the majority of the communities are operated by their Integrated Senior Lifestyles and Integrated Property Management divisions. Their portfolio currently includes both Affordable and luxury multifamily communities and active, Assisted Living, Memory Care communities for seniors.
BLDG Management Co., Inc announced that The Orchard, Queens’ tallest tower, has surpassed 90% leased across its 824 residences nine months after launching residential leasing. The milestone occurs as the 70-story Long Island City development recently signed its first three retail tenants: K-beauty brand Tokimo, Japanese tea and beverage brand Mollytea and financial technology platform...
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Leyden Senior Apartments, a new four-story independent senior living development in Franklin Park, recently opened. Located at 2506 N. Mannheim Road, Leyden Senior Apartments offers one- and two-bedroom residences. The adjacent newly constructed Carl Fiorito Senior Center will be available to the entire community. Owned by Leyden Apartments LP, Leyden Senior Apartments was designed by...
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Northmarq’s Investment Sales team, led by Bobby Schiavone, Jordan Arand and Adam Klenk, led the sale of The Bend Apartments, a 312-unit garden apartment community located at 1909 Greentree Blvd. in Clarksville, Indiana. Northmarq represented the seller, a regional multifamily developer. The buyer was a private investor. “The Bend generated significant investor demand, further proving...
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