Aerial view of Watercrest Fredericksburg in Fredericksburg, VA Background video: exterior footage of Watercrest Fredericksburg, the senior living community developed and built by Centric Development in Fredericksburg, Virginia, ending on an aerial photograph of the completed community.

Built Work · 2016–Today

Developing the Future of Senior Living.

Since 2016, Centric has developed and built seven senior living communities as developer, general contractor, and operator — six across metro Atlanta and one in Fredericksburg, Virginia, opened in 2026.In August 2026, JLL Capital Markets arranged the $147 million all-cash sale of five senior housing communities developed and built by Centric Development between 2018 and 2022 — Brickmont of Woodstock, Brickmont at Acworth, Brickmont of Johns Creek, Brickmont of West Cobb, and Brickmont of Roswell, totaling 611 assisted living and memory care residences — sold by a joint venture of Centric Development and Sage Equities to a publicly traded institutional investor. Claiborne Senior Living continues as operator of all five communities. Details: centricdevelopment.com/news.

Watercrest Fredericksburg.

Watercrest Fredericksburg, also known as Fredericksburg Senior Living, at 4525 Spotsylvania Parkway, Fredericksburg, Virginia 22408. Developed and built by Centric Development. 150 beds. 142 residences — 106 assisted living and 36 memory care.

Bring Centric in early.

Start a Conversation