January 11, 2019 – The New England Real Estate Journal
Cumberland Crossing by Oceanview is officially under construction after a groundbreaking ceremony attended by developers, town officials and project stakeholders. The retirement community is a sister location to OceanView at Falmouth and is based on that successful model.
Located at the center of town, the independent living community will feature 50 two-bedroom cottages with modern amenities, including four-season sunrooms, gas fireplaces, solar electricity and full-service generators. In addition, the community will include direct access by golf cart or walking path to Val Halla Golf Course, a community center with a pool, and proximity to nearby town parks and walking trails. Cumberland Crossing residents will also have access to OceanView at Falmouth’s Care Continuum.
The construction cost for this project will be between $50-60 million, with construction and material prices constantly in flux. The cost of new construction includes roads, infrastructure and house builds, which will also help to create more jobs and economic development in the area.
“We are thrilled to expand our successful retirement community model to Cumberland and offer homes in a prime location in close proximity to the ocean and Portland,” said John Wasileski, managing partner of OceanView at Cumberland, LLC.
“Cumberland Crossing will provide new generations of retirees the opportunity for maintenance-free retirement living with a strong sense of community and peace of mind for the future, while maintaining OceanView’s emphasis on sustainability, alternative energy sources, and “green and local” practices,” Wasileski concluded.
This is the first joint venture for Wasileski and his son, Chris Wasileski, who is the Director of Development at SeaCoast Management Company.