Located at 3351 Virginia Parkway, the $48 million project will include 226 units and seven villas ranging between 1,600-1,800 square feet, according to Chapin. He also said a majority of the units will be two- and three-bedroom floor plans with monthly rental rates starting at $2,299 for one-bedroom units and $2,999 for two-bedroom units.
The development will be located on 12.6 acres, and the building will be just over 366,000 square feet, reserving more than half of the total property as green space, Chapin said. The independent-living community for adults age 55 and older will offer customizable service options for residents, including options for dining and housekeeping. Other amenities include transportation, a daily activity calendar, a fitness studio, key fob secure access and more, Chapin said.
“Many of our [Watermere at Frisco] residents come from McKinney looking for the value that our Watermere model offers. The demographics of McKinney are very clear that the senior population will be growing rapidly over the next 10 years, and the city has done a great job preparing to meet that need,” Chapin said in an email.
The development is projected to be completed in late 2024 or early 2025 and will begin leasing 12 months prior to opening, Chapin said. A special-use permit was approved by McKinney City Council at a February meeting to allow for residential development on the property. The development will be adjacent to another senior living facility, Touchmark at Emerald Lake, which is set to open in 2023.
Integrated Senior Lifestyles has several senior communities in Texas that range from independent living to assisted living and memory care. Local communities include Watermere at Frisco as well as recently opened Watermere communities in Flower Mound and North Richland Hills. 817-337-7536. www.integratedseniorlifestyles.com