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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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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METUCHEN, NJ – Klein Enterprises, a vertically integrated investor, developer, and operator of diversified real estate holdings, announced its plans to develop a multifamily apartment community in Middlesex County, New Jersey.
Located at 212 Durham Avenue in the Borough of Metuchen, the yet-to-be-named community is situated on a former industrial site that has undergone significant environmental remediation over the past several years in preparation for the new multifamily development. Demolition of the existing structures on the site took place in April of 2023 and construction of the property will take approximately 24 months with completion anticipated for Fall 2025.
The community will offer a total of 272 Class A studio, one-, two- and three-bedroom units, 15 percent of which will meet state affordable housing requirements, as well as six unique one-bedroom live /work homes. Located on the ground level of the community, these six homes offer residents their own office space that can be accessed via the home directly as well as a separate, private entrance for work purposes.
The interior design of the community will focus on a Modern Artistry concept in honor of the artists, literary figures and noted intellectuals who brought culture and the arts to Metuchen in the late 1800s. The design will feature modern elements grounded by warm woods and black accents while incorporating photography, music and classic printing techniques.
Klein will pursue various green initiatives within the building and plans to achieve National Green Building Standards (NGBS) through features like a partial green roof, a large solar array, electric car charging stations, Energy Star appliances, low-flow fixtures, LED lighting, a pollinator garden, and more. Additional community amenities include a community garden, dog park, and pool.
Over the past few years, we ve worked closely with both Mayor Jonathan M. Busch s team as well as Middlesex County officials to establish a redevelopment plot that meets two primary objectives, said Daniel Klein, president of Klein Enterprises. The first was to preserve a part of the property as the gateway to a new county nature preserve and the second was to redevelop the balance of property with a state-of-the-art residential building that fits the character of the community and incorporates green building elements. Collectively, we believe that we have not only met but exceeded these objectives.
After the land was contributed into the partnership by Metuchen Realty Advisors (MRA), Klein and MRA worked closely with the Borough Council to do a redevelopment agreement and qualify for a 30-year PILOT (payment in lieu of taxes) agreement, which will jointly benefit the project by tying tax obligations to project revenue while providing the Borough of Metuchen with the flexibility to invest revenue back into the borough where it is needed most.
This project will allow Metuchen to invest millions of dollars in major infrastructure projects throughout the Borough, promote environmental cleanup, and preserve approximately 20 acres of wetlands which will be part of the Borough s open space and recreation assets. The plotted improvements include a network of trails, hiker/biker paths, and open space for public enjoyment, and will also provide access and parking facilities for a new county nature preserve. The project is adjacent to the plotted expansion of the highly well loved Middlesex County Greenway linear park.
The Borough of Metuchen has been discussing possibilities for this site for decades and now the transformation has begun, said Mayor of Metuchen Jonathan M. Busch. It is this very project that s enabling us to open the largest recreational space in Metuchen, fund a variety of vital infrastructure projects throughout the Borough, and help protect our environment, all while providing our community with new housing options that will give many people the freedom to stay in the very community where they grew up and open doors for new neighbors. We are particularly grateful to have partners in Metuchen Realty Advisors and Klein Enterprises. This is an example of a public-private partnership that will be a right benefit to our community.
Sean Garland, chief investment officer of Klein Enterprises shared, Along with providing best-in-class housing to residents, the redevelopment plot and PILOT program provide us with the flexibility to completely transform a dilapidated site that will increase surrounding property value, pump revenue directly into the Metuchen community, and allow our company to expand our presence in the northern New Jersey market. This project is a testament to the overall value made when private developers work collaboratively with local governments to make spaces that benefit the overall community.
The multifamily project is also located in close proximity to the Metuchen NJ TRANSIT stop which offers a 45-minute train to Midtown in New York City, and walking distance to the Borough s historic and vibrant downtown that recently received the 2023 Fantastic American Main Street Award.

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