Watercrest Senior Living Group Expands to Fredericksburg, Virginia with New Luxury Community
Watercrest Senior Living Group is expanding its footprint in Virginia with the development of Watercrest Fredericksburg Assisted Living and Memory Care. This exciting new project, a collaboration with Harbert Seniors Housing Fund II, LP and Centric Development, is scheduled to welcome residents in late Spring 2025.
Located in Fredericksburg, Virginia, the 142-unit luxury senior living community will offer residents a range of amenities and care services, including:
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106 assisted living apartments:
Providing personalized support for individuals who require assistance with daily living activities.*
36 memory care apartments:
Dedicated to providing specialized care for individuals living with Alzheimer’s disease and other forms of dementia.Watercrest Fredericksburg will embrace a resort-style living experience, offering residents a wide array of amenities designed to enhance their well-being and foster a sense of community. These amenities include:
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A stunning promenade:
A picturesque walking path offering scenic views and opportunities for outdoor relaxation.*
Fireplace lounge:
A cozy and inviting space for residents to gather, socialize, and enjoy the warmth of the fireplace.*
Multiple dining options:
Catering to diverse tastes and preferences with a variety of culinary experiences.*
Theater:
Providing opportunities for entertainment and cultural enrichment through film screenings and live performances.*
Library:
A haven for book lovers, offering a peaceful environment for reading and relaxation.*
Billiards:
A classic game for social interaction and friendly competition.*
Spacious courtyards with fountains:
Serene outdoor spaces designed for relaxation, reflection, and enjoyment of the natural world.*
Watercrest’s premier Spa W:
A dedicated space for pampering and wellness, offering a variety of treatments and services.“We are thrilled to announce our further Southeastern expansion with a second Watercrest community in the state of Virginia,” says Marc Vorkapich, Principal and CEO of Watercrest Senior Living Group. “This partnership provides an opportunity to honor a greater number of seniors by establishing an exceptional Watercrest product in the esteemed community of Fredericksburg.”
Watercrest Senior Living Group, under the leadership of CEO Marc Vorkapich and CFO Joan Williams, is committed to setting exceptional standards of quality for seniors and their families. The company has a proven track record of developing upscale senior living communities across the Southeast, from South Florida to Virginia.
The construction of Watercrest Fredericksburg is currently underway at 4525 Spotsylvania Parkway. The community is ideally situated between Richmond, Virginia and Washington D.C., offering residents easy access to a range of attractions and amenities, including historical sites, hiking trails, art galleries, specialty retail shops, and charming chef-owned restaurants and craft breweries.
About Watercrest Senior Living Group
Watercrest Senior Living Group is dedicated to providing high-quality senior living services. The company is recognized for its luxury aesthetic, exceptional amenities, world-class care, and innovative memory care programming. Watercrest’s commitment to providing a supportive and enriching environment for seniors is evident in its seven-time certification as a Great Place to Work. The company specializes in the development and operations of assisted living and memory care communities, with a focus on fostering servant leadership.
About Harbert Management Corporation
Harbert Management Corporation (HMC) is a leading investment management firm specializing in alternative assets. As of September 30, 2024, HMC manages approximately $8.2 billion in Regulatory Assets under Management. Established in 1993, HMC provides investment services to a diverse clientele, including foundations, endowments, pension funds, financial institutions, insurance companies, family offices, and high net worth individuals.
About Centric Development
Centric Development is a multistate real estate developer and general contractor with a strong track record of over 150 completed projects. Led by experienced professionals in public and private real estate transactions, Centric Development is committed to delivering high-quality, timely, and value-driven results.
