Waterstone at Wellesley grand opening event May 23

WELLESLEY–May 17, 2012–Waterstone at Wellesley, a new senior living community, will host a grand opening celebration on May 23 at 6 p.m.  At 6:30 p.m., a ribbon-cutting ceremony will feature Alice Peisch, state representative; Barbara Seale, chair, Wellesley Board of Selectman; Larry Gerber, CEO, EPOCH Senior Living; and Ted Tye, managing partner, National Development.

Waterstone at Wellesley is a joint venture by Waltham-based EPOCH Senior Living and Newton-based National Development. A Grossman’s Hardware store that stood empty for nearly 20 years was razed in June 2010 to make space for the project. The community employs 50 staff led by Executive Director Kristine Tilton.

The 207,742-square-foot Waterstone at Wellesley includes 134 apartments for seniors 62 and older. It features independent and assisted living rental apartments, a fitness center, pool, theater, restaurant-style dining, designer kitchens, putting green, a riverfront walking trail and underground parking garage. Monthly rental fees range from $5,500 to $8,000+, depending on style and campus location. The community is situated along the Charles River and behind a CVS pharmacy and a Newton-Wellesley Hospital ambulatory surgical center, which are located along Washington Street. These tenants are part of the Waterstone at Wellesley development.

Elkus Manfredi Architects is project architect, Wellesley Design Consultants provided interior design services, and Cranshaw Construction was general contractor.