FONTANA, CA – Wood Partners, a national leader in multifamily real estate development, announced it has officially broken ground on its newest residential community, Alta Fontana, in Fontana, California. With construction currently underway, the new community is expected to open in Summer 2025.
With the Inland Empire attracting numerous high-growth companies, Alta Fontana residents will have access to brilliant employment opportunities within several major corporations, including, Kaiser Permanente, Target, Costco, Prologis, Amazon, UPS, QVC, and Cardinal Health. Located at 14817 Foothill Boulevard in Fontana, Alta Fontana’s prime location will place residents in close proximity to many of the area’s leading dining and retail destinations, including 1.5 million square-foot Victoria Gardens, which houses a wide variety of upscale shops, restaurants and entertainment spaces and Ontario Mills.
“We are thrilled to break ground in Fontana, fueled by our unwavering commitment to this dynamic region and the opportunity to fill a void in housing development,” said Joe Gambill, Managing Director at Wood Partners. “With our innovative approach and dedication to making vibrant communities, we are excited to contribute to Fontana’s transformation and provide quality housing options that will enrich the lives of its residents.”
Once construction is complete, Alta Fontana will offer 344 apartment homes comprised of one-, two- and three-bedroom custom floor plans. Each residence will feature modern interior finishes complemented by high-end fixtures, including stainless steel appliances, granite countertops, designer tile backsplashes, wood-style flooring, and in-unit full-size washer and dryer sets.
The property’s five outdoor courtyards, each with a unique theme and purpose, will provide Alta Fontana residents access to an array of best-in-class amenities, including a resort-style swimming pool and spa, outdoor cooking stations and fire pit areas, a children’s play area, and ample outdoor seating. Residents will also have exclusive access to state-of-the-art indoor amenities, including a fitness center, business center, and club room.

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RICHMOND, VA – Watercrest Senior Living Group and joint venture partner, Harbert Seniors Housing Fund II proudly announce the grand opening of Watercrest Richmond Helped Living and Memory Care in Richmond, Virginia.
In late April, the first residents of the 98-unit luxury senior living community were welcomed to their new home with a red carpet roll-out and the Watercrest team cheering on their arrivals. More than 30 residents have already went into the groundbreaking new community, with an additional 32 units pre-leased and a growing reservation list.
“In only a few small weeks, our first residents have already made strong bonds with each other and our associates,” says Marsha Sottung, Executive Director of Watercrest Richmond. “From art projects and flower arranging to spending lovely afternoons in the perfectly landscaped outdoor living spaces, we are overjoyed to see connections forming as our residents settle comfortably into their new home.”
Built by EMJ Corporation and financed by Trustmark Bank, Watercrest Richmond is a signature Watercrest product offering 76 helped living and 22 memory care apartments with resort-style amenities and exceptional care. The architecture and design boast a stunning fountain and promenade, art studio with gallery, music room, fireplace, multiple dining venues, theater, salon and spa, and the charming atmosphere of Bogey’s Cigar and Scotch lounge.
“Watercrest Richmond is a spectacular community in a coveted location and we are thrilled to welcome our founding residents who have waited with fantastic anticipation to call Watercrest Richmond their new home,” says Marc Vorkapich, Principal and CEO of Watercrest Senior Living Group.
Watercrest Richmond provides seniors a host of amenities purposefully designed to improve residents’ connectivity and interaction with nature. The design elements include a signature water wall, live moss walls, and expansive windows allowing abundant natural light. The community’s Southern style exterior gathering spaces and one-of-a-kind greenhouse offer opportunities for engagement and activity amongst the lushly landscaped grounds and illuminated walking paths. Additionally, residents may delight in the coveted Spa W offering world-class wellness amenities including light and salt therapy, and a state-of-the-art fitness and physical therapy center.
Watercrest Richmond is conveniently located at 5250 Grandin Avenue in Moseley. Known as a top destination by Travel + Leisure, Richmond offers plentiful dining, entertainment and cultural venues, just minutes from the rolling hills of Virginia farms, gorgeous state parks, and charming wineries.

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BUFFALO, NY – CPP (Community Preservation Partners), a mission-driven affordable housing preservation developer, announced the closing of Ellicott Park Townhomes. The 8.9-acre property consists of two non-contiguous parcels and is located at 10 Durham Court in downtown Buffalo, a few blocks from the main business district.
CPP s total development investment is expected to be approximately $54.7M, with a total investment in renovations of $14.2M. Renovations are expected to be completed in Spring 2023. CPP plans to ensure a minimal impact on residents during the renovations.
The restoration of Ellicott Park Townhomes will preserve 220 total family units encompassing 150 Section-8 units across 21 two-tale townhouse-style buildings. Unit renovations will include ADA unit conversions, replacements, extensive kitchen and bathroom upgrades, and large building system replacements and upgrades.
Significant exterior upgrades will include window replacements, brick masonry repairs and roof repair. Residents will see numerous improvements made to shared community spaces. Site work will include repaving and restriping of the development s parking lot, with the addition of a new playground, gazebo, dog park, BBQ grills, bike racks, and an improvement to the paths of travel.
The renovation of Ellicott Townhomes will significantly extend the use of the property while enhancing the quality of life for its residents, said John Fraser, Development Director at CPP. Upstate New York has a strong demand and significant need for subsidized and affordable housing. CPP will transform the property into a safe, desirable and well-maintained property.
Development partners on the project include Rochester’s Cornerstone Group, PNC and Redstone.

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