Senior Housing Planned For Former GE Capital Site In Stamford

STAMFORD, CT — From National Development: National Development, a Massachusetts-based real estate developer with an expertise in senior housing, has submitted plans to develop a 130-unit senior living community at 201 High Ridge Road in Stamford, the former home of General Electric Capital Corporation. The 16.5 acre property will be subdivided, and National Development and its investment partner Charles River Realty Investors plan to acquire the northern 10 acres of the site while current owners will retain the southernmost 6.5 acres.

The luxury senior housing community will be named Waterstone at Stamford, joining two existing Waterstones currently in operation in Wellesley and Boston Massachusetts. Waterstone is a joint venture with Epoch Senior Living, an award-winning senior housing operator. National Development and Epoch Senior Living have owned and operated over 40 senior housing developments throughout the region including Bridges at Norwalk and Bridges at Trumbull.

The building, designed by the nationally recognized firm Elkus Manfredi Architects, will include high-end architectural design to provide a welcoming environment for area residents. The site will be transformed from a commercial property to a lush residential aesthetic with new landscaping, extensive gardens, and an upgraded public walking trail adjacent to the property’s open space and conservation area.

Waterstone at Stamford will include approximately 95 independent living and 35 assisted living rental units. Apartments will include designer kitchens, baths, millwork and finishes. Common areas will feature a restaurant-quality dining room, fitness center, pool, clubroom, pub and extensive area for resident activities. Services include meals, housekeeping, transportation and a robust activities schedule.

National Development has begun the permitting process with the City of Stamford; upon receipt of full approvals, the project construction is intended to begin in 2019.

About National Development

For over 25 years, National Development has been one of the most active real estate development firms in New England. A four‐time award winner for best national senior living design, National Development has successfully developed 27 senior housing projects with nearly 2,000 units. National Development is also one of the region’s largest property management companies and currently manages over 9 million square feet of commercial space and 2,400 residential units. For more information, visit natdev.com or follow @nationaldevelop and @ndcommunities.

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