Chancey Announces The Arbor at Watercolor Place, New Senior Living Community Near Lakewood Ranch Opening in Early 2028

Mar 2

BRADENTON/SARASOTA, Fla. (February 2026) — Chancey Development and BRW has announced plans for The Arbor at Watercolor Place, a new 196-residence senior living community coming to Manatee County a mile north of Lakewood Ranch. The four-story community is scheduled to open in early 2028.

Chancey Development is serving as the developer, with Chancey Architecture & Interior Design leading the architectural and interior design for the project. The Arbor Company will operate the community.

The Arbor at Watercolor Place will offer a full continuum of care, including:

96 Independent Living residences
76 Assisted Living residences (30 designed in the style of independent living)
24 Memory Care residences

Residences will range from 400-square-foot studios to 1,460-square-foot two-bedroom, two-bath apartments with den options. Select units will include private balconies.

The community will feature covered parking spaces, and a robust amenity package designed to support wellness, connection, and active living.

Exterior amenities include:

· Resort-style pool and deck with covered pavilion

· Bocce ball and pickleball courts

· Dog wash station

· Three separate gardens and exterior amenity areas

Interior amenities include:

· Separate assisted living and independent living lobbies with covered drop-offs

· Multiple dining venues, including an independent living bistro bar

· Fitness rooms and studio spaces

· Salon, wellness suite, arts & crafts room

· Theater, multipurpose room, game room, and golf simulator

· Dedicated memory care dining and activity spaces

Located near one of the nation’s fastest-growing master-planned communities, The Arbor at Watercolor Place is designed to meet growing demand for high-quality senior living options in the Bradenton and greater Sarasota region.

Additional construction and pre-leasing details will be announced at a later date.