TAMPA, FL – Watercrest Senior Living Group gathered with city officials, development, construction, and design partners to celebrate the ceremonial groundbreaking of Market Street Memory Care Residences in Tampa, Florida. The 64-unit all memory care community will open to residents in January 2018, offering exceptional amenities, diverse culinary experiences, innovative training and world-class care for seniors living with Alzheimer’s and dementia.

Market Street Memory Care Residences are artfully designed memory care communities envisioned by Market Street co-owner Marc Vorkapich, CEO and principal of parent company, Watercrest Senior Living Group. Through an operationally driven design and experienced approach to memory care, Market Street Communities connect the hearts and minds of residents by stimulating their senses with the goal of re-experiencing memories.

“Market Street Memory Care Residences offer a refreshing alternative to traditional senior memory care; our state-of-the-art communities, unparalleled service, and personalized enrichment programming enhance life experiences for our residents, families and caregivers,” says Marc Vorkapich, Principal and CEO of Watercrest Senior Living Group. “We are excited to introduce our Market Street concept to the Tampa Bay area and positively impact this dynamic community through job creation and valuable community partnerships.”

Architected by LifeBuilt Architecture, Market Street Memory Care Residences Tampa will feature an inviting and purposeful design, including spacious accommodations, abundant natural lighting, internal courtyards with lush gardens, circular walkways, and visual cueing. This specialized care community boasts extraordinary central gathering spaces in Market Plaza, an active, “outdoor” streetscape complete with Newsstand, Art Gallery, Bakery, Salon and Spa, and Post Office caringly designed to welcome family and friends.

All Market Street associates are Nationally Certified Dementia Care Practitioners and their unique memory care programming includes Personal Life Silhouettes, Music & Memory, Memories in the Making, For the Like of Color, multi-sensory culinary and gardening experiences, as well as personal well-being activities.

Walker and Company started construction last November on the 46,000 square foot memory care community located at 833 East Lake Road North in Tarpon Springs. Centrally located between Trinity, Clearwater and Tampa, this unique location offers seniors one of Florida’s most abundant qualities of life.

Watercrest Senior Living Group, owner of Market Street, specializes in the development and operations management of helped living and memory care communities. With multiple senior living projects across the southeast, Watercrest Senior Living Group 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.

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ST PETERSBURG, FL – The highly-anticipated renovation of units and amenities at Trellis at the Lakes is officially underway in the Gateway neighborhood of St. Petersburg, Florida. Carefully plotted to deliver sustainably-minded, resort-style living with a modern edge, Trellis at the Lakes distinguishes itself as one of the only apartment communities in the area to offer this level of apartment home finishes and amenities.

“A renovation of this magnitude on units and amenities is a first for the area and solidifies our investment in the community and dedication to increase the value of the region,” said, Tammy Young, southeast regional manager for Alliance Residential Company. “Trellis at the Lakes, owned by ESG Kullen and professionally managed by Alliance, will first renovate the apartment homes and building exterior, then tackle amenity and communal space upgrades over the course of a few months. Alliance praises ESG Kullen on acquiring this gorgeous community and developing the forward-thinking renovation plot.”

Located at 11401 Dr. Martin Luther King Jr St. N, Trellis at the Lakes is a 688-unit garden-style community currently leasing 600 to 903-square-foot apartment homes, including one-bedroom, one-bedroom-plus-den and a variety of two-bedroom units as well as lofts. With leases from $750 to $1,489, the perfectly renovated homes feature top-of-the-line designer wood cabinetry, a subway tile backsplash appointment and solid granite counter tops and vanities.

Additionally, Trellis at the Lakes has made a conscious effort to incorporate green features that represent a commitment for cost savings to residents with energy-saving improvements such as new designer LED lighting, smart thermostats, upgraded Energy Star appliances and more. The community will also be undergoing a complete window and sliding door replacement program designed to promote electrical efficiency and reduce outside noise.

Trellis at the Lakes currently offers residents four tennis courts, two sports courts, two sparkling pools, a resident business center and clubhouse, a dog park with dog wash station and a car wash station.  In addition, Trellis at the Lakes will be adding a state-of-the-art fitness center featuring a fitness on demand studio.

The perfectly landscaped community stretches over 56 acres and boasts lush greenery, flowering trees and meandering lakes, many of which are home to a number of birds and fish that are native to Florida. The community is also surrounded by over a mile of city sidewalks that residents can delight in walking, running or biking in and around the community.

The nearby business districts of Carillon Parkway and Gateway Business corridor makes it an ideal community for people working at any of the major employers, including Jabil Circuit, HSN, Raymond James, Clearwater Air Station, MacDill Air Force Base and Progressive.

An industry leader in apartment living, ESG Kullen owns 12 communities nationwide. Alliance is proud to represent ESG Kullen as manager of its seven Florida communities, including Trellis at the Lakes.

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TAMPA, FL – Glenmont Capital Management, a New York-based real estate investment firm led by Managing Principal, Lawrence A. Kestin, and Arlington Properties, a Birmingham-based apartment company led by Jim Dixon, announced the acquisition of a 14-acre assemblage at 6835 Gunn Highway in the North Hillsborough submarket of Tampa for the development of Canopy at Citrus Park, a 318-unit Class-A apartment community.

The plotted development follows the success of Glenmont and Arlington’s development of Tapestry at Citrus Park, a recently constructed, leased-up, and sold 400-unit Class-A apartment community located in the same North Hillsborough submarket.

The property bought is situated at the northeast corner of Gunn Highway and Veteran’s Expressway, just minutes from countless shopping and dining venues, beaches, Westshore Business District, Tampa International Airport, and Downtown Tampa. Canopy at Citrus Park’s units will average 993 square feet and benefit from a best-in-class amenity package that will cater to young professionals, families, and corporate relocations.

Construction is expected to start in Q1 of 2017, with first go-ins scheduled for 12 months thereafter. Canopy at Citrus Park will represent the twelfth multifamily project undertaken by Glenmont and Arlington together, dating back to 2002.

“Glenmont continues to believe select investments in domestic real estate development opportunities provide compelling risk-adjusted opportunistic returns for sophisticated investors” Mr. Kestin said. “The project is representative of Glenmont’s on-going strategy to develop best-in-class, stabilized income-producing real estate assets, taking advantage of monetization opportunities from the growing institutional and public demand for these investments.”

Further reflecting Glenmont’s strategy, Glenmont and Arlington recently announced the sale of Tapestry at Citrus Park to an institutional owner/operator following a successful lease-up.

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