REHOBOTH DEACH, DE – REDICO and Ciel Senior Living have formed a joint venture to design and build a new senior living community in Rehoboth Beach, Delaware. The project signals renewed confidence in developing and financing new senior housing communities while helping meet the growing demand for high-quality senior living options throughout Sussex County and the surrounding region.
The partnership brings together REDICO’s experience as a developer, investor and owner of senior housing communities with Ciel Senior Living’s operating platform. Under the joint venture, REDICO will lead development and investment strategy, with Ciel serving as the operating partner for the community.
“Our involvement in this project and our ability to attract financing necessary to make it possible reflects renewed investor interest in this industry,” said Dale Watchowski, CEO of REDICO and American House Senior Living. “This project also reflects REDICO’s broader senior living development strategy, which combines institutional capital, experienced operating partners and targeted market expansion in high-demand markets.”
The project is one of several new senior living communities that REDICO and its affiliate, American House, are plotting to open over the next several years across several states in the Midwest and on the East Coast.
The project also marks an vital milestone for Ciel Senior Living, a rapidly growing senior housing operating and development platform that currently manages more than 3,000 units across 20 communities in 10 states and continues to expand through strategic operating, acquisition and development partnerships nationwide.
“This is more than the start of a construction project – it is the realization of a vision,” said Edward Burnett, Co-Founder of Ciel Senior Living. “Rehoboth Beach has long been a destination known for its quality of life, vibrant culture and strong sense of community. We are honored to bring a senior living experience that reflects those qualities while making an environment where older adults can continue to live with purpose, connection and confidence.”
Upon completion in 2028, Ciel of Rehoboth will feature 144 thoughtfully designed luxury suites offering Independent Living, Helped Living and Memory Care. Inspired by the beauty and character of Delaware’s coastal heritage, the campus will combine elegant design, resort-style amenities, exceptional dining, engaging programming and personalized wellness and care services tailored to each resident’s individual needs.
“From the resident experience to the design of the community itself, every aspect of Ciel of Rehoboth has been thoughtfully plotted to foster connection, promote well-being and deliver the elevated hospitality that defines the Ciel brand,” said Alexis Martini, President and Chief Operating Officer of Ciel Senior Living.
As Delaware’s senior population continues to grow, the need for sophisticated, service-rich senior living options has never been greater. Through their partnership, REDICO and Ciel are meeting that need with a thoughtfully designed community that will enable residents to age in place while enjoying an active, fulfilling lifestyle supported by hospitality-driven services and compassionate care.

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HOBOKEN, NJ – Rockpoint, a Boston-based real estate private equity firm, and Urby, a hospitality-driven multifamily developer, announced the formation of a joint venture to buy land and develop a multifamily residential tower on the Jersey City Waterfront. Urby will co-manage construction and development, and also oversee property management and leasing alongside Rockhill, Rockpoint’s property services affiliate.
The 69-tale building, which will be called 201 Hudson – by Urby, will comprise 748 market-rate studio-, one-, two-, and three-bedroom apartments. The project will also include approximately 10,000 square feet of retail space and 102 surface parking spaces. 201 Hudson – by Urby is the second phase of a three-tower multifamily development master plot.
The building is located in the highly desirable Jersey City Waterfront submarket, offering a lively neighborhood atmosphere and exceptional connectivity within the Tri-State area. The Grove Street and Exchange Place PATH stations and the Harborside Ferry terminal are a small walk away, putting Manhattan at a 10-minute commute from the front door. Residents will also have convenient access to the Harborside Light Rail, which stops right outside the building, as well as I-78 and the Holland Tunnel.
“The Jersey City Waterfront continues to distinguish itself as one of the most compelling multifamily submarkets in the New York metro area, driven by strong demographic tailwinds, significant public and private investment, and exceptional transportation access to Manhattan,” said Dan Domb, a Managing Member and COO at Rockpoint. “We are excited to partner with David Barry and his team who we believe are some of the most talented and creative developers in the business.”
Residents will have access to a robust suite of lifestyle-oriented amenities, including a resort-style pool with views of the Manhattan skyline, parlor and garden rooms, a state-of-the-art fitness center, dog run, children’s play area, roof deck, and Class A finishes throughout. Many of the units will have stunning views of the Manhattan skyline and the Hudson River.
“201 Hudson – by Urby continues our vision of making engaging, design-driven residential communities on the Jersey City Waterfront,” said David Barry, Founder and CEO of Urby. “We are pleased to have Rockpoint join the project as we deliver the next chapter of this three-tower development and continue to contribute to the ongoing growth of Jersey City.”
Rockpoint has a longstanding history of investing in the residential sector and has closed on or committed to 146 residential investments since 1995, inclusive of investments made at its predecessor, comprising approximately 100,000 multifamily units. In addition to 201 Hudson – by Urby, the firm’s Jersey City investments also include The Morgan Provost Square, a Class A Jersey City Waterfront community; The Declan, a ground-up luxury development in the Port Imperial submarket; and Embankment House, a stabilized Class A community in the Hamilton Park neighborhood of Jersey City.
Newmark’s Co-Head of U.S. Capital Markets Adam Spies, Executive Vice Chairman Adam Doneger and Managing Director Michael Collins advised both Urby and Rockpoint on the transaction.
The project team includes New York-based architects HLW; Concrete Amsterdam, the Dutch studio behind citizenM and other globally recognized hospitality concepts; interior designer Shawn Hausman, known for award-winning hospitality and lifestyle developments; and landscape architect Bas Smets, whose practice is responsible for the reimagined grounds of Notre-Dame Cathedral in Paris as well as LUMA Arles and the Mandrake Hotel in London.

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CHICAGO, IL – RPM Living, a full-service multifamily property management, investment and development company, announced the official opening of Cerca Glenview, a newly constructed 62-unit luxury multifamily community near downtown Chicago at 1850 Glenview Road. The apartment complex, developed by The Drake Group, celebrated its official ribbon cutting June 17 and welcomed its first residents on June 19, 2026.
This is a project that s years in the making, and welcoming our first residents is a proud moment for our team, said Tom Drake, Principal, The Drake Group. We have deep roots in this community, and that personal connection shaped every choice we made throughout the process as we strived to build something the neighborhood could be proud of.
Cerca Glenview offers a range of floor plans including junior one-bedroom, one-bedroom, two-bedroom and three-bedroom residents, with monthly rents ranging from $2,745 to $7,300. Atop the building sits the Cerca Reserve Collection, a curated offering of penthouse residences on the fifth floor with access to an exclusive top-floor amenity level. The community is already 35% occupied and 45% leased.
Situated in the heart of downtown Glenview, Cerca Glenview offers residents convenient access to the village s array of dining and retail offerings, as well as prime transit corridors. The property serves as a residential anchor to the area as the surrounding community continues to attract development and investment along the North Shore.
Cerca Glenview is a standout addition to Chicago s North Shore market, said Will Shew, Regional Vice President for RPM Living. We ve already seen tremendous demand since preleasing started mid-April 2026, which speaks to the property s value and the appetite for luxury living in Glenview. As the management company, we look forward to fostering an exceptional community for current and future residents.
Construction on the project broke ground in October 2025, with Weis serving as the general contractor and Cullen Construction Management as owner s representative. Wintrust provided financing for the project.

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