W&M Construction to Renovate and Expand Healthcare Center At Continuing-Care Retirement Community in Bridgeport, Connecticut

September 24, 2008

STAMFORD, Conn. - W&M Construction Corp. has been retained as the construction manager responsible for renovating and expanding the healthcare center at The Watermark, a continuing-care retirement community at 3030 Park in Bridgeport, Connecticut.

The two-story, 50,000-square-foot center is undergoing a $10-million major improvement project designed by Kanalstein Danton Associates that will result in a facility for skilled nursing with new windows, new mechanical and electrical systems and a new roof. W&M Construction will also construct two full-service kitchens and more than 50 rooms for patients, in addition to other site improvements. Construction is slated for completion in December 2008.

The Watermark at 3030 Park is being developed by The Freshwater Group, a company dedicated to serving the specialized housing, hospitality and healthcare needs of older adults.

Other renovations and expansions taking place at The Watermark include the addition of private independent living cottages, an array of newly remodeled and newly constructed apartments and the construction of The Duncan Center for Well Being, which will feature a fitness center complete with an indoor heated indoor swimming pool, locker rooms, and a Pilates and yoga area.

With offices in Stamford and Norwalk, W&M Construction is a full-service General Contractor and Construction Manager. The firm specializes in commercial ground-up construction, interiors and building rehabilitation. W&M Construction is the construction arm of the Malkin family, and is an affiliate of W&M Properties.