Watermark Companies Announces Opening of 102-Unit Newly Built Canvas at Castle Rock Townhome Rental Community in Colorado

CASTLE ROCK, CO – Watermark Companies announced the opening of 102 newly constructed townhome rentals in the Castle Rock area of Colorado. Known as Canvas at Castle Rock, the brand-new, well-amenitized townhome community is now leasing.
Canvas at Castle Rock is a collection of newly constructed townhomes located at 300 Canvas Ridge Avenue in Castle Rock, CO. Equipped with EV-ready attached garages, private yards, designer finishes and best-in-class amenities, such as a pool, fitness center, and direct access to regional trails – the 102-townhome community is developed by Watermark Companies and professionally managed by Lincoln Residential. The one, two, and three-bedroom townhomes are available in five different floorplans ranging from 764 to 1,778 square feet.
We re very excited to introduce Canvas at Castle Rock to the area. said Kylie Duarte, Investment Director at Watermark Companies. There is a strong demand for leased home communities across the country, and we ve seen success in numerous markets providing an elevated way to live to a wide variety of lifestyle situations. Couples downsizing, families with kids, travel nurses, and those who choose to rent but want more privacy than an apartment complex, while retaining luxury amenities at a similar price point – all would benefit from Canvas at Castle Rock.
Community amenities include a resort-style swimming pool, fitness center, clubhouse and lounge, gas grills, game lawn, walking trails, and more. Residents will delight in a truly maintenance-free lifestyle with an on-site maintenance crew to take care of your home upkeep – so you don t need to worry about repairs, snow removal, or lawn care.
Canvas at Castle Rock is located within a top-rated school district, is pet friendly, and connected to downtown Castle Rock via walking and biking trails for simple access to restaurants, retail, breweries, parks, golf courses, and more. Ideally located just a few minutes from I-25, the community is equidistant from both Denver and Colorado Springs, making it an ideal location for commuting or for weekend trips to the mountains.
Homes feature attached garages prewired for electric vehicles, smart-home technology such as Ring doorbells and Yale smart locks, plentiful storage, stainless steel appliances, private yards*, covered decks*, kitchen islands, and walk-in closets. Residents of Canvas at Castle Rock delight in a lock-and-leave lifestyle with home and yard maintenance included.
We re looking forward to welcoming new residents to Canvas at Castle Rock, said Catlin Clarke, Marketing & Communications Specialist at Watermark Companies. With the added space and perks that come with a single-family home, paired with the conveniences and amenities of a class A multifamily complex. It s a win-win.

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Toll Brothers Apartment Living and The Davis Companies Opens New 403-Unit Luxury Apartment Community in Midtown Phoenix

PHOENIX, AZ – Toll Brothers Apartment Living, the rental subsidiary of Toll Brothers (NYSE: TOL), the nation s leading builder of luxury homes, and joint venture partner The Davis Companies, announced the opening of Callia, the firm s new four-tale, 403-unit luxury apartment community in Midtown Phoenix. Financed with a construction loan facility from Pinnacle Financial Partners and Trustmark, construction commenced in 2021 and resident occupancy started in October 2022. Callia s official grand opening celebration was held last week with development partners, as well as current and prospective residents.
Designed by Phoenix-based architect Biltform, with branding and interior design by Streetsense, Callia is situated on an 8.2-acre site at the intersection of Indian School Road and Central Avenue in the vibrant Midtown neighborhood of Phoenix. Callia offers market-rate studio, one-, two-, and three-bedroom luxury rental apartments, as well as nine live-work units, and 624 surface parking spaces with available tuck-under garages and EV (electric vehicle) charging stations. Callia also offers more than 1,100 square feet of ground-floor neighborhood-serving on-site retail space along Central Avenue, which includes a covered patio and on-site small-term parking.
We re thrilled to open another exceptional luxury community in Midtown Phoenix. This community serves the most discerning residents who seek the luxury living experience for which Toll Brothers is already well known here and nationwide, said John McCullough, President of Toll Brothers Apartment Living. Phoenix has seen significant employer growth, which has been the catalyst for bringing in transformative developments. The market continues to see tremendous population growth, attracting renters and home buyers alike.
Residences offer polished finishes, artistic features, and subtle touches of modern, thoughtfully appointed design. From feature-filled kitchens to spa-inspired baths, every space has been carefully considered to make a welcoming retreat from the outside world. Smoked oak-style flooring is offered in living areas with plush textured carpet in all bedrooms. Kitchens include concrete-inspired quartz countertops and white tile backsplashes, a kitchen island with decorative pendant lighting, European-style cabinets with soft-close doors and drawers, GE® stainless steel appliances, and a contemporary undermount sink. Designer fixtures include lighted ceiling fans in all living rooms and bedrooms, as well as spa-inspired black plumbing fixtures and hardware throughout. Technology offerings include in-residence Wi-Fi, smart home features such as Latch keyless entry and smart thermostats, and USB charging outlets in kitchens and bedrooms. All residences also offer private balconies. Double bathroom vanities, large soaking tubs and tiled stand-up showers with glass enclosures, oversized closets with built-in storage and shelving, and French doors are available in select residences.
Callia boasts more than 27,000 square feet of interior and exterior curated amenity space that provides a restorative retreat designed to refresh and inspire. Amenities include a hospitality lobby and lounge, a wellness lobby with a hydration station, a resident sun lounge featuring a two-tale fireplace and complimentary coffee, Package Concierge® lockers and oversized package room with cold storage, a state-of-the-art fitness center featuring WellBeats®, coworking spaces with private offices and a conference room, an interactive gaming lounge with billiards and lounge seating, abundant bike storage and a bike service station, and community-wide Wi-Fi. Outside, residents delight in two resort-style pools with cabanas, grills, firepits and a water feature, an off-leash dog park and fully equipped pet spa, and a rooftop lounge with plush seating, beer taps, fireplace, and expansive views of Camelback Mountain.
Midtown Phoenix is a vibrant and thriving community with a rich history and culture. It’s a place where people come together to celebrate life, art, and diversity, said Todd Bowden, Southwest Managing Director of Acquisitions and Development for Toll Brothers Apartment Living. Callia is more than just a place to live; it’s a place to call home, and we’re so excited to open our doors to our residents who will delight in elevated rental living right here in Midtown Phoenix.
Davis is thrilled to partner again with Toll Brothers Apartment Living in providing Callia, a dynamic and perfectly constructed apartment community in Phoenix. Toll s distinctive design, quality finishes, and thoughtful focus on details and craftmanship is present throughout this community, said Gary Hofstetter, Senior Vice President, Asset Management for The Davis Companies.
Callia offers residents convenient access to Downtown, Uptown, Central Phoenix, and Tempe via the Valley Metro light-rail stop. The community is also within walking distance of a variety of high-end restaurants, grocers, retail stores, and office space. Callia is the third multifamily community Toll Brothers has delivered in the Phoenix market, joining Haverly, the firm s first foray in Midtown Phoenix that opened in 2022, and Canvas, a Toll Brothers Campus Living community in Tempe adjacent to Arizona State University, which offered first residency to students in 2021.

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Affirmed Housing Breaks Ground on New 96-Unit Estrella Affordable Apartment Community in City of San Marcos, California

SAN MARCOS, CA – Affirmed Housing, a leading provider of affordable and supportive housing throughout California, announced that construction has commenced on Estrella, an approximately 79,510-square-foot, affordable housing development serving families in need in the City of San Marcos. The complex will provide 96 apartments to low income families earning between 30 and 80 percent of the area median income (AMI).
Estrella is a win for the City of San Marcos and its citizens, said San Marcos Mayor Rebecca Jones. Between Estrella and the adjacent Alora development and working with outstanding community partners to help ensure smooth project delivery, we are adding nearly 200 units for working families and low-income residents – and all within walking distance of many public services, stores and other businesses. What s excellent for our more vulnerable residents is also excellent for the whole of San Marcos.
Estrella will be comprised of four residential buildings, each with a shared laundry facility, with a mixture of one-, two- and three-bedroom apartments. Two three-bedroom units are reserved for Estrella s on-site property managers. A separate community building provides residents access to several shared amenities, including a kitchenette, computer room, barbecue area and bicycle parking. Four tot lots and a teen recreation area will also be incorporated on the site. The development s sustainable design will feature the latest energy-saving and water-wise technologies and best practices.
Once complete, this new housing development will contribute to families living well in North County. Twenty-five of the homes here will be set aside for extremely low-income families, said County of San Diego s Housing and Community Development Services Director David Estrella. Housing is health, and as the County s Health and Human Services Agency, we rely on strong partnerships to build healthy communities, and that s what we have here today with the City of San Marcos, Affirmed Housing, and so many other supportive partners.
A total of 171 parking spaces will be available, including eight that will be EV ready. All of Estrella s tenants will also have access to complimentary, on-site services intended to support families in need, including computer training and resume building resources and programs dedicated to health and wellness, financial literacy and parenting. A service coordinator will be present to organize and plot community-building activities, such as holiday events, for residents.
In addition to the conveniences and comfort Estrella will provide its occupants, the site is located in close proximity to several off-site resources that enhance seamless livability. Within walking distance are grocery stores, a pharmacy, a neighborhood library, public parks and access to public transportation. A middle school sits adjacent to the complex.
Housing and care are fundamental elements to maintaining the health and wellness of the region, and Estrella is a demonstration of the city and county s investment in its people, said Jimmy Silverwood, president for Affirmed Housing. Estrella provides affordable housing, infrastructure and recreational facilities to enhance the lives of hard-working families and individuals, as well as the broader community. We re proud to work with partners who share our vision of ensuring housing for all people.
Estrella follows the development of Alora, a separate, Affirmed Housing-produced affordable community currently under construction next door to Estrella. To boost the region s critically needed housing supply, Affirmed Housing demolished an existing 70-unit development on the property (formerly Mariposa) and recorded a new parcel map to make way for both projects. The redevelopment will result in a net gain of 66 new affordable apartments at Estrella and 60 new affordable apartments at Alora.
Affirmed Housing s development partners for Estrella include the City of San Marcos, the County of San Diego, WNC, Banner Bank, DAHLIN Group Architecture Plotting, Masson and Associates, and form/work Landscape Architecture.

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