Integrated Real Estate Group Plans $35 Million Independent Living Project
Texas-based developer Integrated Real Estate Group is planning to develop a $35.1 million independent living community in Pearland, Texas.
Watercrest at Shadow Creek Ranch will be comprised of 213 one-, two- and three-bedroom apartment units and eight three-bedroom villa cottages.
The development, which will break ground in January 2015, will be located on a 7.8 acre site within the Shadow Creek Ranch master-planned community, located less than a mile from Pearland Town Center.
Included in the project will be a 28,000-square-foot clubhouse offering an indoor pool, dining room, fitness center, salon/spa, among various other amenities.
Integrated Construction and Development will be the project’s general contractor, while Integrated Property Management will manage the community upon its completion.
IREG has also acquired an adjacent 4.7 acre site to develop a 122-unit assisted living and memory care facility, which is tentatively planned to break ground during the third quarter of 2015 with units available by fourth quarter 2016.