Aerial view of Watercrest Fredericksburg (Fredericksburg Senior Living)

Communities · Built by Centric Development

Watercrest Fredericksburg

Watercrest Fredericksburg: Fredericksburg, VA — 4525 Spotsylvania Parkway, Fredericksburg, VA 22408. Completed 2026. 150 beds. 142 residences, 153,000 square feet. Also known as Fredericksburg Senior Living. Developed and built by Centric Development.

Fredericksburg, VA

Also known as Fredericksburg Senior Living

Key facts: Watercrest Fredericksburg.
142Units106Assisted living36Memory care153,000Square feet2026Opened

Features & Offerings

Resort-standard senior living.

Signature spaces

  • Promenade & fireplace loungeA grand promenade anchored by the fireplace lounge.
  • Multiple dining venuesSeveral distinct dining experiences on campus.
  • TheaterCommunity theater for films and events.
  • LibraryA quiet library for readers.
  • BilliardsBilliards and game lounge.
  • Courtyards with fountainsSpacious landscaped courtyards.

Wellness & care

  • Assisted livingLicensed assisted living with support tailored to each resident.
  • Memory careA dedicated, secured memory care neighborhood and programming.
  • Salon & spaPremier on-site spa concept.
  • Fitness centerDedicated exercise and fitness rooms.
  • On-site therapy roomPT, OT, and speech therapy, plus visiting practitioners.

Residences & campus

  • 142 residences106 assisted living and 36 memory care apartments, 314–1,306 SF.
  • Designer apartment finishesKitchenettes, high ceilings, walk-in closets, and spa showers.
  • In-residence washer & dryerLaundry in the residence, not down the hall.
Watercrest Fredericksburg senior living community at dusk in Fredericksburg, VA
Watercrest Fredericksburg at dusk — opened 2026.

About the community.

Watercrest Fredericksburg — also known as Fredericksburg Senior Living — is a 142-unit luxury assisted living and memory care community at 4525 Spotsylvania Parkway, Fredericksburg, VA 22408, in an established regional medical hub off I-95. Opened in 2026, the 153,000-square-foot community includes 106 assisted living and 36 memory care residences.

Centric Development developed and built the community as its own general contractor. JLL Capital Markets arranged joint-venture equity for the project — an institutional underwriting of Centric's construction execution, cost discipline, and return profile.

Read the JLL announcement Senior Housing News coverage

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