LOS ANGELES, CA – Domos Rossmore, an Atlanta-based residential developer, has formed a joint venture with Beverly Hills-based ESI Ventures, with the buy of 410 North Rossmore in Hancock Park. Domos Rossmore intends to reconfigure the property to bring the building up to current city codes and invigorate the living spaces while preserving the building’s classic exterior.
410 North Rossmore, constructed in 1930, is adjacent to several internationally noted historic properties such as the El Royale and the Wilshire Country Club.
“We bought this property with the goal of providing an updated, code-compliant building with reimagined units and amenities,” states Daniel Alexander, principal, Domos Rossmore LLC. “To honor the building’s original architectural context, we will preserve its authentic facade.” John Labib and Associates has been hired to navigate the seismic safety upgrades of the building, adhering to the U.S. Secretary of the Interior’s Standards for the Treatment of Historic Properties.
Domos Rossmore LLC sought an architectural team with multifamily housing expertise, as well as experience in preservation and restoration. After reviewing RFPs from several noted firms, Alexander and his team selected Lorcan O’Herlihy Architects (LOHA) to lead the architectural and engineering efforts for the project. Richard Loring, acting as Director of Design and Construction for the Domos Rossmore LLC team, has a long and collaborative work history with LOHA.
The reconfigurations will include the addition of at least three floors with studio, one-bedroom, and co-living apartments, providing the building with attainable rental space. This business model strives to give Angelenos earning a median income viable housing options. In co-living suites residents have private bedrooms and baths but share kitchen and living room facilities. The project, now in its entitlement and forthcoming construction phase, will take approximately 36 months to complete.

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VERO BEACH, FL – The leadership team of Watercrest Senior Living Group and Titan Development Real Estate Fund I announced the opening of Watercrest Winter Park Helped Living and Memory Care. The 107-unit, resort-style senior living community is now welcoming its founding residents to their new home in gorgeous Winter Park, Florida.
Watercrest Winter Park is a signature Watercrest product offering 75 helped living and 32 memory care apartments with premium accommodations, exceptional amenities and world-class care. Ideally located at 1501 Glendon Parkway, the community boasts a stunning promenade, pool, fireplace, signature water wall, multiple dining venues, children’s play space, grand balconies and Southern style outdoor living spaces. Watercrest’s uniquely designed Market Street Plaza, showcases an ‘outdoor’ streetscape with numerous LifeBUILT programming touches; a highlight and crucial element of their multi-sensory memory care programming.
“We are honored to offer the seniors of Winter Park a spectacular senior living community which mirrors the idyllic lifestyle of which Winter Park is so widely recognized,” says Marc Vorkapich, principal and CEO of Watercrest Senior Living Group. “Alongside our partners, Titan Development and Walker and Construction, we thank the Winter Parkcommunity for their support and enthusiasm for this project as we prepare to welcome our first residents to their new home.”
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 second senior living development project partnered between Watercrest and Titan Development. Their first project, Watercrest Columbia Helped Living and Memory Care celebrated their grand opening last fall in Columbia, SC.
Titan Development Real Estate Fund I (TDREF I) is a $200 million private equity real estate fund established in 2017 to raise and invest equity in approximately $600 million of Titan Development’s investment opportunities.
Watercrest Senior Living Group was founded to honor our mothers and fathers, aspiring to become a beacon for quality in senior living. Watercrest senior living communities are recognized for their luxury aesthetic, exceptional amenities, world-class care, and innovative memory care programming.
Watercrest Winter Park continues to follow CDC and AHCA guidelines regarding COVID-19. While ensuring the health and safety of residents and associates, the Watercrest Winter Park team is providing virtual tours and working diligently to ensure residents stay connected with family and friends through the power of technology.

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AUSTIN, TX – Rastegar Property Company, a technology-enabled private real estate investment firm focused on value-add and development in all asset classes throughout Austin and the Southwest United States, announced the acquisitions of 505 and 507 W. Live Oak Street in South Austin, Texas. Sitting just two miles from the heart of the City s downtown, this acquisition completes a land assemblage Rastegar has been looking to complete since first purchasing the affectionately named Slackerville property last September.
The intersection of South 1st and West Live Oak is a vibrant, attractive neighborhood that s often sought-out by the countless young professionals who make their way to Austin every year to take advantage of the growing job demand, said Ari Rastegar, CEO and Founder of Rastegar Property Company. With the acquisitions of 505 and 507 West Live Oak, Rastegar is able to develop a gorgeous mixed-use commercial and multifamily space that pays homage to the neighborhood s unique culture, while providing residents and neighbors with the absolute best amenities.
In developing the building, Rastegar will utilize floor plates as oversized terraces and tuck balconies deep into the building to couple with existing natural features, making a uniqueness among residential units. Taking advantage of the dapple-shade of trees, a glassy volume and feature lighting, Rastegar will make a breathtaking setting for entertainment uses, while the building s roof will provide residents with sweeping views of Downtown Austin.
Michael McKinley of St. Croix Capital represented the purchaser in the transaction. Once we secured the hard corner things started to fall into place. All parties worked diligently to overcome obstacles related to COVID-19 in order to complete this 2.5 acre assemblage, due to the high demand for development sites in Austin’s urban core.
The project is currently undergoing feasibility and yield studies, and Rastegar will start going through the entitlement process. The firm expects to break ground within one year following the entitlements and architectural plotting.

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