Cranberry grower and developer A.D. Makepeace Co. is building a four-story, 65-unit apartment complex at Rosebrook Place – a development officials say will appeal to young professionals and empty nesters.

Named “The Residences at Rosebrook,” the development’s apartments will be in high demand, said A.D. Makepeace Co. President Michael Hogan. Residents are expected to move in during the fall 2018. Plans were unveiled at Tuesday night's Selectmen meeting.

Plans call for building nine, one-bedroom apartments and 56 two-bedroom apartments. Apartments will be rented at market rate, meaning there are no affordable housing subsidies. Hogan said two-bedroom apartments will rent for $1,900 per month and one-bedroom apartments will rent for between $1,300 and $1,400 per month.

Hogan said the apartments are designed for young professionals and older adults.

“The goal is to appeal to two groups, folks who are already in the area looking to downsize, and want to get rid of a single-family home, and young professionals who are working in the area,” said Hogan.

He noted the project complements other developments at the A.D. Makepeace Co.-owned property, located at the intersection of I-195 and Cranberry Highway.

The site is already home to TownPlace Suites by Marriott and several restaurants abutting Cranberry Highway. The property also houses All-American Assisted Living and Southcoast Health at Rosebrook, two large developments behind the property. All together, the site offers nearly 400 jobs, said Linda Burke, vice president of marketing and communication for A.D. Makepeace Co.

Burke and Hogan also announced plans for a yet to be built affordable senior housing development in the area of 484 Main St. The development is slated to be called Wankinco Landing.

Hogan said plans call for building 24, one-bedroom apartments for seniors. The project will incorporate a historic structure on the site, which was used to clean and sort cranberries 100 years ago.

The project will also include space for offices and a museum featuring the history of cranberry growing. Hogan said A.D. Makepeace Co. officials will reach out to town leaders in the future as the project moves along.

“There’s some potential to work with the town,” said Hogan. “To make these as affordable as possible for Wareham residents.”