Waterstone Best New Development

October 18, 2012

Wellesley, MA – Waterstone at Wellesley, a new mixed-use senior residential complex, has been recognized as a winner in the “Best New Development: Senior Housing” category by the 2012 Multi-Housing News Excellence Awards. The awards recognize the multi-family industry’s most noteworthy people, companies, and properties across the country.

Designed by Elkus Manfredi Architects for National Development, Waterstone at Wellesley is a collection of three buildings combining 120,000sf of rental housing with retail and medical offices. Waterstone’s site was selected for its location in the historic New England mill area of Wellesley and its beautiful waterfront exposure along the Charles River. A retail and medical office building forms the street edge of the project, serving as a gateway to the two senior residential buildings — 86 residential units for independent living and 52 for assisted living .

The independent living building includes 86 residential units, a formal dining room, a resident bar/lounge, private dining rooms, and an informal café with an outdoor dining terrace, plus a living room, library, theater, activity rooms, and technology center. The assisted living building includes 52 residences, a living room, formal and private dining rooms, a library with private study carrels, activity rooms, and a “country kitchen” opening onto a private outdoor terrace. Facilities shared by the two buildings include a fitness facility, an indoor swimming pool with views to the river, a hair salon, and a multi-purpose common room. There are a total of 280 parking spaces on-site, with 140 located in a heated underground garage connecting the two residential buildings.

The project is a venture of owner/developer, National Development, and Epoch Senior Living. Other team members included Wellesley Design Consultants, Inc. for interior decoration; Wozny Barbar & Associates for mechanical, electrical, plumbing, and fire protection engineering; Veitas & Veitas Engineers for structural engineering; and Stantec Consulting for landscape design. The project was constructed by Cranshaw Construction.