KINGSTON, MA – Trammell Crow Residential (TCR), the multifamily development company of Crow Holdings, announced today that it has closed on its construction loan and land buy to commence construction on its latest Alexan community, a 282-unit, luxury multifamily residence in Kingston, Massachusetts.
Alexan Kingston, a four-tale Class A building, will be located at 1 Kingston Collection Way. Construction is scheduled to commence in January 2021 and completion is anticipated for Summer 2023. Alexan Kingston will offer both market-rate and affordable units in studio, one bedroom, two bedroom and three bedroom layouts ranging from 620 to 1,500 square feet.
Each residence comes equipped with stainless steel appliances, granite countertops, wood-style plank flooring, in-unit full-size washers and dryers, and walk-in closets. Private balconies or porches are available in select units.
First-class amenities include a resort-style pool, state-of-the-art fitness facility, private workspaces, conference rooms and co-working spaces, outdoor courtyard with fireplaces and gas grills, dog washing and grooming room, resident event room with gourmet kitchen and gaming, bike repair shop and storage, and mail center complete with Amazon parcel lockers.
Alexan Kingston will provide residents access to ample employment and lifestyle amenities nearby, and is one mile from the Kingston MBTA Commuter Rail Station, offering direct access to Boston s South Station (Financial District). The ocean is less than 1.5 miles from the property and will be visible from some top-floor Eastern-facing units.
This project offers a unique opportunity to make value by replacing the former Sears location at the Kingston Collection Mall with Class A housing and revitalize the Mall. We are excited to work with our partners and the Town of Kingston to provide transit-oriented housing opportunities on the South Shore, said Andy Huntoon, Managing Director at TCR.
With this newest Alexan offering, the Northeast Division of TCR continues to expand its presence, with over 1,500 apartment units in various stages of development in Massachusetts and New York.

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RICHMOND, VA – Watercrest Senior Living Group and joint venture partner, Harbert Seniors Housing Fund II, announced the groundbreaking of Watercrest Richmond Helped Living and Memory Care in Richmond, Virginia. The 98-unit luxury senior living community, financed by Trustmark Bank and under construction by EMJ Corporation, is scheduled to welcome residents in Summer 2022.
Watercrest Richmond will be a signature Watercrest product, offering 76 helped living and 22 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, theater, salon and spa, Bogey’s Scotch & Cigar Lounge, as well as grand balconies, and Southern-style outdoor living spaces.
“We are thrilled to announce Watercrest’s expansion into Virginia and thankful for our outstanding partnership with Harbert in the development of Watercrest Richmond,” says Marc Vorkapich, Principal and CEO of Watercrest Senior Living Group. “We celebrate this partnership and the opportunity to establish an exceptional Watercrest product in the distinctive community of Richmond.”
Ideally located at 5500 Woolridge Road, Watercrest Richmond offers the best of huge-city amenities with the delights of Southern charm. 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.
With multiple senior living projects in development throughout 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 first senior living development project partnered between Watercrest and Harbert’s seniors housing investment team.
“Harbert identified Watercrest Senior Living as a best-in-class senior living developer and operator with a commonly aligned vision to develop exemplary senior living communities for our stakeholders,” says Brian Landrum, Senior Managing Director of Harbert Management Corporation. “We look forward to the successful development of Watercrest Richmond and our future partnerships with the Watercrest team.”

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RICHMOND, VA – Capital Square 1031, a leading sponsor of Delaware statutory trust (DST) offerings for 1031 exchange and other accredited investors, announced the acquisition of Canopy at Ginter Park, a Class A, 301-unit multifamily community in Richmond, Virginia. The property was bought for CS1031 Canopy at Ginter Park Apartments, DST, a Reg. D private placement.
“In spite of the global pandemic, 2020 was a record year for acquisitions, dispositions, new hires, and overall profitability,” said Louis Rogers, founder and chief executive officer of Capital Square. “When the pandemic hit and the real estate market softened a bit, Capital Square worked double time to buy best-in-class real estate for the DST/1031 program. Canopy at Ginter Park Apartments is another groundbreaking new, Class A apartment community in an iconic Richmond, Virginia neighborhood, near the firm’s headquarters.”
Located at 3200 Brook Road, the community is situated on approximately 15 acres of land. Constructed in 2019, Canopy at Ginter Park features 19 buildings with up to three tales each. The community includes one-, two- and three-bedroom units.
CS1031 Canopy at Ginter Park Apartments, DST seeks to raise $39 million in equity from accredited investors and has a minimum investment of $50,000.
“Canopy at Ginter Park is well-located near Interstate 64 and Interstate 95, offering residents convenient access to numerous employers in Richmond, including seven Fortune 500 companies,” said Whitson Huffman, chief strategy and investment officer. “This best-in-class community is a premier example of the properties that Capital Square is bullish on when sourcing investment properties for our Section 1031 and cash investors. Properties like Canopy at Ginter Park allow us to provide our investors the opportunity to invest in a high-quality community that they may not be able to buy on their own.”
Amenities at Canopy at Ginter Park include: a saltwater, resort-style swimming pool; a clubroom with multiple TVs and a sitting area; a clubhouse with an entertainment kitchen; an outdoor pool table and access-controlled buildings. Additional amenities include bike storage; lush courtyards; a pet spa; 24/7 contactless package pickup and a 24-hour, state-of-the-art fitness center.

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