Watermark Residential Apartment Communities

Watermark at Quail North - Oklahoma City, OK
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Quail-north

The Watermark at Quail North multifamily community consists of 240 Class A apartment homes in Oklahoma City, OK. The development's seven buildings include one-, two-, and three-bedroom apartment homes. Its three-story buildings feature a Tuscan-style façade with natural stone and stucco exterior finishes. The community also incorporates an attractive plaza, extensively landscaped courtyards and roundabouts into its design. The community also will include a clubhouse, a resort-style pool and detached garages. Watermark at Quail North features an e-Urban design, a more efficient and cost-effective alternative to traditional apartment designs.

Watermark at Quail North's site consists of 10 acres located near the southeast corner of the intersection of 150th Street and May Avenue. The development is part of the 232-acre Tuscana master planned community and is convenient to the Quail Springs shopping corridor and several major employers. Quail North features an innovative mixed-use design creating an urban environment that is the focal point of the surrounding neighborhoods. Walkable streets and park-like corridors that encourage walking and community interaction connect the "live, work, play" components. Watermark at Quail North benefits from being within a market with strong demographics, a healthy rental trends, access to and visibility from major roads, convenience to major area retailers, convenience to major employers, and excellent schools.

Highlights:

  • Part of 150-acre Quail North master-planned community
  • The lowest unemployment rate - 6% - of any metropolitan area in the country with more than one million residents
  • Submarket occupancy of 94.8 percent as of December 2010
  • Access and visibility from May Avenue, part of the Quail Springs shopping corridor
  • Traffic counts in excess of 30,000 vehicles per day
  • Across the street from Quail Springs Business Park and the new AAA campus with more than 4,000 employees

Watermark at Hamburg Place - Lexington, KY
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Hamburg-place-community

Watermark at Hamburg Place will be an upscale multifamily community of Class A apartment homes located in the master-planned development of Hamburg Place. The community, which will employ an e-Urban design concept, will consist of 150 luxury apartment homes within two three-story buildings.

The community will include a resort-style pool, business center, fitness center, dog park, detached garages, barbecue/picnic areas and clubhouse. Individual apartment homes will include granite countertops, crown molding, full-size washers and dryers, ceramic tile entries and walk-in closets among other amenities.

Hamburg Place includes more than two million square feet of retail and one million square feet of office space as well as numerous restaurants and hotels. Watermark at Hamburg Place is also north of Hamburg Pavilion, a one-million-square-foot power center on Lexington's east side. Central Baptist Hospital owns 130 acres directly across I-75 with future plans for a state-of-the-art hospital and medical campus.

With its abundance of government and technology jobs, Lexington has one of the nation's most stable economies. Economists have referred to Lexington as having a fortified economy, strong in manufacturing, technology and entrepreneurial support, benefiting from a diverse, balanced business base.

The city is home to three Fortune 500 companies. The city's largest employer is the University of Kentucky. Lexington was named the fifth best city for "Businesses and Careers" in 2008 by Forbes Magazine and the fifth best city for young professionals in 2008 by Kiplinger.

Highlights:

  • Adjacent to Hamburg Place, a master-planned, mixed-use development with more than two million square feet of retail space, one million square feet of office space and numerous restaurants and hotels
  • Frontage on Sir Barton Way, the main thoroughfare through Hamburg Place
  • Central Baptist Hospital owns 130 acres directly across I-75 from the project, where it plans to build a state-of-the-art hospital and medical campus
  • Ninety-three percent submarket occupancy
  • Barriers to entry with no other apartment sites zoned in the development

Watermark at Indian Lake Village - Hendersonville, TN
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Indian-lake-village-community

Watermark at Indian Lake Village is a multifamily community of 206 Class A apartment homes in the midst of a community-oriented lifestyle center. That lifestyle center -Indian Lake Village- is a 400-acre business, shopping, residence, and recreation complex in Hendersonville, TN, a northern suburb of Nashville. Hendersonville is one Nashville's fastest-growing suburbs, placing Watermark at Indian Lake Village in a market with strong demographics and excellent access to and visibility from major thoroughfares. It also is convenient to major area retailers and employers. Family Circle Magazine named Hendersonville one of the "Top Ten Cities for Families" in June 2009. Nashville, the state capital of Tennessee is widely known for its music industry and many recording artists. More importantly, the area has become a major trade, manufacturing, and financial center for the southeastern United States. Nashville has experienced the fastest growth rate (11.6 percent) of any metropolitan area in Tennessee over the past 10 years.

The multifamily community features three-story buildings with surface parking and garages. It includes one-, two-, and three-bedroom apartment homes. The site consists of 7.56 acres located just east of Indian Lake Boulevard and The Streets of Indian Lake shopping center with direct access from Cinema Drive. Watermark at Indian Lake Village employs an e-Urban design that reflects a neotraditional style that, in turn, embraces characteristics of popular historical architecture. The e-Urban design concept is more cost effective and more efficient in terms of land use.

Highlights:

  • Part of Indian Lake Village, a 400-acre mixed-used master-planned development
  • Adjacent to Streets of Indian Lake, a 405,000 square-foot Lifestyle Center anchored by a 16 screen theater
  • Ninety-five percent submarket occupancy
  • Recent lease ups averaging more than 20 units per month
  • Visibility from Vietnam Veterans Parkway
  • Growing northeastern suburb of Nashville, TN
  • Current submarket cap rate in low 6 percent range

Watermark at Katy Ranch - Katy, TX
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Katy-ranch

Watermark at Katy Ranch is to be a multifamily community of Class A apartment homes located in the master-planned retail development of Katy Ranch Crossing. The community, which will employ the award-winning Big House and e-Urban design concepts, will consist of 234 luxury apartment homes with one, two, or three bedrooms. One hundred of those apartments will feature direct access one- or two-car garages. The community also will include a resort-style pool and clubhouse.

The Big House concept involves designing apartments to resemble and function like single-family homes. E-Urban design allows more cost-effective and efficient land use by allowing more units to be developed per acre than is possible with traditional designs.

Several large retail and lifestyle centers, including La Centerra at Cinco Ranch and Katy Mills Mall, are located near the Katy Ranch site. Katy Mills offers 200 stores and approximately 1.3 million square feet of retail space. La Centerra offers 344,000 square feet of retail space and is in Cinco Ranch, a master-planned community that is 3.5 miles west of Katy Ranch. The community is seven miles east of Houston's Energy Corridor, which is home to many of the major energy companies headquartered in Houston.

Katy, located in West Harris County, is one of the fastest-growing markets in the nation. In 2009, Business Week ranked Katy second in the nation among "America's Biggest Boomtowns." A January 2011 article in the Houston Business Journal ranked Katy the number one "Most Notable High-Growth Area" in a list of the top 10 growth areas in the country provided by an independent third party research firm.

Highlights:

  • Part of the master-planned retail development of Katy Ranch Crossing
  • Located 7 miles from Houston's Energy Corridor - home to many of the major energy companies headquartered in Houston
  • West Harris County has been recognized as one of the fastest-growing markets in the nation
  • Katy Schools district

Sienna Plantation - Missouri City, TX
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Sienna-plantation-community

Watermark at Sienna Plantation is a multifamily development of 240 Class A apartment homes scheduled to be built as part of the master planned community of Sienna Plantation in Missouri City, Texas, southwest of Houston. The Watermark Residential site consists of 10 acres located off Highway 6 in Missouri City and is the only multifamily site with visibility from that road, giving it exposure to more than 60,000 cars per day. The Watermark at Sienna Plantation features three-story garden-style apartments with surface parking and garages. It includes one-, two-, and-three bedroom apartment homes as well as some two-bedroom bedroom carriage houses. It employs an e-Urban design concept.

The Watermark Residential site is part of the 10,500-acre mixed-use, master planned golf course community of Sienna Plantation in Fort Bend County, Texas. This master planned community includes an 18-hole semi-private golf club, 36 parks and playgrounds, an amphitheater, a 160-acre sports complex, the largest private adventure water park in Texas, grocery-anchored neighborhood retail, more than 20,000 home sites that feature homes that value into the millions of dollars, and a 270-unit apartment community along with Watermark Residential's proposed 240 units. Fort Bend County is home to many national and multi-national corporations and is located 10 miles from the Texas Medical Center. It is centrally located for easy access to attractions throughout the entire Houston region.

Highlights:

  • Extremely high barriers to entry market
  • Only multifamily project with visibility to Highway 6
  • Part of 10,500-acre Sienna Plantation master-planned community
  • Submarket occupancy of 96 percent
  • Fort Bend County grew 57 percent from 1990 to 2000
  • Via Fort Bend Parkway, the commute to the Texas Medical Center is 10 minutes

Watermark on Cumberland – Fishers, IN – Under ConstructionCumberland-community

Watermark on Cumberland, a new Watermark Residential multifamily community, introduces the innovative e-Urban design concept to Indianapolis. The e-Urban concept seamlessly blends convenience – there is an elevator for every 10 individual apartment homes – with the luxury, style, and quality that have become synonymous with the name Watermark Residential. Residents enjoy spacious and beautifully crafted interiors in their individual apartment homes, which boast superior amenities that include granite counter tops, walk-in closets, crown molding and designer light fixtures.

Plans call for 220 apartment homes, which range from one to three bedrooms, in three multistory e-Urban buildings. A clubroom, resort-style pool with barbecue and entertainment area and detached garages further enhance the lifestyle at Watermark on Cumberland. Other community amenities include a conference room, fitness center, dog park and an Internet café.

The community is located in the Town of Fishers, one of America’s premier communities. This dynamic and rapidly growing area possesses excellent shopping, top-rated schools, beautiful parks, numerous dining and entertainment options and nearly 2,000 businesses. Money magazine has ranked Fishers the eighth best place to live in America, and Bloomberg Business Week lists it as “America’s Best Affordable Suburb.”

Watermark on Hurstbourne - Louisville, KY - Under ConstructionHurstborne

Watermark on Hurstbourne, a new Watermark Residential multifamily community, promises to bring a new level of luxury and sophistication to apartment living in Louisville. Watermark on Hurstbourne will feature 270 Class A apartment homes in two different style buildings – Big House and e-Urban.  Big House apartments resemble a single-family home and have a front door/single point of entry rather than stairwell access. The e-Urban is a more conventional multi-floor, multi-unit design.

Plans in Louisville call for 21 apartment buildings, including two- and three-story structures; a large clubhouse; and a resort-style pool with other outdoor amenities. Interiors will feature granite countertops in the kitchens and crown molding throughout the units, which range up to three bedrooms.

The community is located in the retail- and business-filled Hurstbourne Corridor at North Hurstbourne Parkway near Dorsey Lane, it is adjacent to the Forest Green Corporate Office Park, an award-winning mixed-use development combining 120 acres of natural beauty with residential, multifamily, retail, restaurants, hotel, seminar/conference facilities, a bank and office buildings.

A greenway runs throughout the development providing two miles of hiking and nature trails in a park-like setting along Beargrass Creek. Louisville is home to Churchill Downs and the University of Louisville.

Watermark at Barker Cypress - Cypress, TX - Under ConstructionBarkercypress

Watermark at Barker Cypress brings together award-winning design concepts and a commitment to luxury to create a quality and distinctive living experience. Barker Cypress’ dedication to these values is readily apparent in the spacious and beautifully designed interiors of its individual apartment homes.

This apartment community in Cypress (Houston), Texas, will include 318 luxury apartment homes in a mix of buildings featuring innovative Big House and e-Urban designs. Direct-access garages for one and two cars will be available.

Watermark at Barker Cypress is the company’s third project in the Houston area. Other projects are Watermark at Katy Ranch in Katy, Texas, and Watermark at Sienna Plantation in Missouri City, Texas.

Cypress is part of the Houston MSA and is approximately 20 miles northwest of downtown Houston. The Watermark Residential site is near a HEB Supermarket and convenient to Cypress Towne Center, which includes a number of national retailers.

Sycamore Terrace - Terre Haute, IN - Sold PropertySycamore-terrace-communities

Sycamore Terrace is a "Big House" concept apartment community consisting of 11.2 acres on New Margaret Road in Terre Haute, IN. The site is near State Road 46 with easy access to I-70. Sycamore Terrace's 15 apartment buildings will feature the "Big House" concept in which apartments are designed to look and function like single-family homes. Sycamore Terrace's 178 "Class A" apartments will be one-, two- and three-bedroom units, many with attached garages. The community also will include a clubhouse and swimming pool. The project is adjacent to the Sycamore Terrace shopping center.

Terre Haute, the county seat of Vigo County, is home to approximately 60,000 people and is well positioned along I-70 and US 41. The city serves as the central draw to a population base of more than 451,000 people who reside in the 14 counties of Indiana and eastern Illinois that include and surround Vigo County. Ninety-five percent of employers in Vigo County rate their workers as good or excellent in terms of productivity. The workforce also is rated high in reading and writing and mathematics skills. A good part of the explanation of the quality of Terre Haute/Vigo County's workforce is the variety and quality of educational offerings. The public school system is ranked among the best in Indiana, and the county boasts five institutions of higher education. A focus on improving the local economy through business solutions and civic partnerships helped Terre Haute earn recognition as the Indiana Chamber of Commerce's 2010 Community of the Year.

Highlights:

  • Adjacent to Sycamore Terrace shopping center anchored by a Walmart Supercenter
  • Easy access to State Road 46 and Interstate 70
  • Terre Haute is a higher education hub that includes Indiana State University, Rose Hulman Institute of Technology, Saint Mary-of-the-Woods College, and IVY Tech State College
  • According to Tikijian Associates, Terre Haute has the highest occupancy of any metropolitan area in the state
  • Submarket occupancy of 97%

Watermark at EastChase - Montgomery, AL - Sold PropertyEastchase

Watermark at EastChase’s 272 apartment homes set a new standard of excellence for Montgomery’s multifamily market. EastChase was completed in just 12 months, a remarkable timetable given the project’s scope. During preconstruction, numerous alternatives were considered for building exteriors, site layout and site utilities to ensure maximum cost effectiveness and meet budget requirements. While this phase was being carried out, work was being done to create a “balanced site,” another factor that would positively impact budgets. The Class A multifamily community includes 12 two- and three-story buildings as well as a clubhouse, garages and resident amenities such as a resort-style swimming pool, 24-hour fitness center, coffee bar, video game and theatre room, picnic areas and more than 10 acres of untouched forest. It is within EastChase, a "live, work, play" neotraditional “lifestyle center” that includes more than one million square feet of open-air mall, office space and single-family homes. Watermark at EastChase is the development's only multifamily community. The River Region Apartment Association’s recognition of Watermark at EastChase for having the region’s best clubhouse exemplifies the community’s quality.