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Business Observer Monday, Sep. 10, 2018 3 years ago

Construction to start on 198-unit senior living project

The second development in Watercrest is expected to be finished in 2020.

SARASOTA — Watercrest Senior Living Group and United Properties announced they will start construction on their second development in the Watercrest Sarasota Senior Living Community in Sarasota this fall. 

According to a press release, the 198-unit campus is scheduled to be finished in summer 2020.

The community will be at 4141 Desoto Road. It will include 72 independent living, 96 assisted living and 30 memory care apartments. 

"As one of the nation's most desirable places to live, Sarasota provides the idyllic setting for our signature Watercrest senior living community," says Watercrest Senior Living Group principal and CEO Marc Vorkapich in a statement. "We are offering an unparalleled experience which mirrors the upscale amenities and enriching lifestyle seniors are accustomed to enjoying while ensuring their safety through exceptional standards of care."

Watercrest has multiple senior living communities in development across the Southeast, a press release says.

"United Properties is pleased to have the opportunity to serve seniors in our second community in Florida," says United Properties Senior Vice President of Development Mike Dailey in a statement. "We look forward to completing this signature project and expanding our senior housing program that provides homes to many."

United Properties was founded in 1916. It is based in Minneapolis and has developed nearly 200 projects totaling nearly $1 billion over the last 30 years, including 17 senior housing communities. 

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