Construction on New McKinney Senior Living Center Set for Early ’23

A new $48 million senior living development, Watermere at McKinney, is set to begin construction early next year. Integrated Real Estate Group is the developer.

The project will include 226 units and seven villas ranging between 1,600-1,800 square feet. Monthly rental rates start at $2,299 for one-bedroom units and $2,999 for two-bedroom units.

The development will be located on 12.6 acres with more than half of the total property as green space. The independent-living community for adults age 55 and older will offer customizable service options for residents, including options for dining and housekeeping.

Intergrated’s Andrew Chapin adds, “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.”

The development is projected to be completed in late 2024 or early 2025 and will begin leasing 12 months prior to opening.