Integrated Real Estate Group is turning what was once the Plano Athletic Club at 4600 W. Park Blvd. into an independent living center. The site will become a five-story, 250-unit Watermere active adult facility. Community Impact reports nearby locations are in Frisco and McKinney. A similar project in Roanoke cost $81 million.
The facility will feature a mix of one- and two-bedroom units with about 30,000 square feet of amenities space. There will be a parking garage on the lower level and four floors of residential units on top. The building could be as tall as 65 feet. There will also be a 2,000-square-foot dog park.
The property is part of a 108-acre planned development district that encompasses most of the Preston Park Village shopping center.
The Integrated Real Estate Group portfolio currently includes both affordable and luxury multifamily communities and active, Assisted Living and Memory Care communities for seniors.
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