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FREDERICKSBURG, Va. — Watercrest Senior Living Group, with partners Harbert Seniors Housing Fund II and Centric Development, has opened a new luxury senior living community in Fredericksburg, roughly 60 miles north of Richmond.
Totaling 142 units, Watercrest Fredericksburg Assisted Living and Memory Care opened in early April.
The community features 106 assisted living and 36 memory care apartments. As of mid-May, memory care units at the property were 55 percent occupied, and assisted living units were 35 percent occupied.
Watercrest began development of the community in fall 2024.
Watercrest and Harbert Seniors Housing Fund II also partnered on Watercrest Richmond Assisted Living and Memory care, which opened in May 2023.