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COLORADO SPRINGS, Colo.,Oct. 13, 2020 /PRNewswire/-- Watermark Residential, a wholly owned affiliate of ThompsonThrift and one of the nation's leading multifamily developers,announced the acquisition of nearly 21 acres of land inColorado Springs for thedevelopment of Ascent by Watermark, a three-story, resort-styleapartment community featuring one- to three-bedroom apartmenthomes. Construction on the development will begin later this month,with an expected completion date of fall 2022.
'We are excited to start construction on our second multifamilydevelopment in Colorado Springs,which continues to rank as one of the most desirable places to livein the country,' said JessicaTuttle, Watermark's vice president of development, westregion. 'Colorado Springs' dynamicgrowth has brought robust demand for apartments and we look forwardto delivering another of our hallmark apartment communities forarea residents.'
Located on the southeast corner of Tutt Boulevard and PowerwoodView, Ascent by Watermark will consist of 360 one-, two- andthree-bedroom units that average just under 1,000 square feet. Eachapartment will feature gourmet bar-kitchens with quartzcountertops, stainless-steel appliances, walk-in closets, gardentubs, full-size washers and dryers and designer light fixtures,with many homes offering detached garages.
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The gated community will consist of a professionally designedclubhouse with TVs, conference rooms, technology centers and more;a 24-hour fitness center with state-of-the-art equipment andFitness On Demand™ virtual training kiosks andspinning rooms; a swimming pool with cabanas and entertainmentareas and pet-friendly bark parks and doggie spas. An on-sitemanagement team dedicated to the highest-level of service forresidents will also be available.
Ascent by Watermark is a convenient 20-minute drive fromdowntown Colorado Springs and willhave visibility from Woodmen Road, a popular roadway which carriesover 36,000 vehicles per day. Another main thoroughfare, PowersBoulevard, is immediately west of the site and carries nearly60,000 vehicles per day. The desirable location offers residentseasy access to numerous retailers and restaurants, as well as majoremployers including the largest U.S. Army installation inColorado, Fort Carson, which employs over 30,000 people.The site is also adjacent to the St. Francis Medical Center North,which just last year opened its new $102million expanded emergency center.
In 2019, Colorado Springs wasranked #1 on U.S. News and World Report's 'Most DesirablePlaces to Live: 2019', and it's not hard to see why. In addition tothe area's beautiful natural scenery, the market is fundamentallystrong, with an average home value of nearly $400,000 and 2.3% job growth for the MSA, all ofwhich has contributed to high population growth and a solid rentalmarket for years to come. With zoning requirements andtopographical challenges making it difficult for new development inthe area, Ascent by Watermark is well positioned forsuccess.
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Watermark is no stranger to the Denver MSA. Since completion oftheir first property in the area in 2015, Watermark hassuccessfully delivered eight additional luxury multifamilyprojects, totaling 2,313 units. Ascent by Watermark will be theirsecond property in ColoradoSprings. Earlier this year they sold the 244-unit Watermarkon Union.
'With nine total projects in the Denver MSA, WatermarkResidential is uniquely positioned to understand and deliver theluxury quality and value that the area's residents demand,' saidJosh Purvis, managing partner withWatermark. 'Even when facing strong barriers to entry, and aCOVID-19 environment, the Watermark team was able to utilize ourhistory and relationships to acquire this strategically locatedproperty. Ascent by Watermark will not only appeal to ourresidents, but also investors for the foreseeable future.'
About Watermark Residential
A wholly owned affiliateof Thompson Thrift, Watermark Residential is a national leader inthe development, construction, and management of upscalemultifamily communities. Since its founding in 2008, Watermark hasbecome a nationally recognized multifamily development andresidential management company. Watermark communities epitomize thecompany's commitment to quality and value, while exhibitingmeticulous attention to detail. Maya 2019 – professional 3d modeling and animation tool maker. The company has developed more than11,000 homes across 13 states. With deep knowledge of each marketentered and a methodical vision, Watermark is proud to developcommunities that offer residents luxurious, convenient lifestyle.For more information, please visit www.watermarkapartments.com.
A wholly owned affiliateof Thompson Thrift, Watermark Residential is a national leader inthe development, construction, and management of upscalemultifamily communities. Since its founding in 2008, Watermark hasbecome a nationally recognized multifamily development andresidential management company. Watermark communities epitomize thecompany's commitment to quality and value, while exhibitingmeticulous attention to detail. Maya 2019 – professional 3d modeling and animation tool maker. The company has developed more than11,000 homes across 13 states. With deep knowledge of each marketentered and a methodical vision, Watermark is proud to developcommunities that offer residents luxurious, convenient lifestyle.For more information, please visit www.watermarkapartments.com.
About Thompson Thrift Real Estate Company
ThompsonThrift is an integrated full-service real estate company withoffices in Indianapolis andTerre Haute, Indiana; Houston, Texas; and Phoenix, Arizona. Thompson Thrift isengaged in all aspects of acquisition, development, construction,leasing, and management of quality multifamily, mixed-use, retail,and office projects across the country. We're passionate about ourcustomer's success and strive to ensure our projects not only meetthe needs of our customers but also the communities we serve. Formore information, please visit www.thompsonthrift.com.
ThompsonThrift is an integrated full-service real estate company withoffices in Indianapolis andTerre Haute, Indiana; Houston, Texas; and Phoenix, Arizona. Thompson Thrift isengaged in all aspects of acquisition, development, construction,leasing, and management of quality multifamily, mixed-use, retail,and office projects across the country. We're passionate about ourcustomer's success and strive to ensure our projects not only meetthe needs of our customers but also the communities we serve. Formore information, please visit www.thompsonthrift.com.
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JenniferFranklin
Spotlight MarketingCommunications
949.427.1385
[email protected]
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SOURCE Watermark Residential
The Muppets Now finale debuted on Disney+ on Friday, but while fans expected plenty of Muppet insanity and laughs from the series that both draws classic The Muppets programs as well as makes fun of contemporary culture and social media, what they didn't expect was a stray VFX watermark left in the episode in what appears to be a significant post-production error -- one that's has left fans both divided and, in some cases, a bit upset.
On Twitter, user @cegoodman2 posted screen captures from the finale 'Socialized' episode, specifically the 'Lifesty(le) with Miss Piggy' segment of the show. Three times during the segment, which is a parody of influencer videos and lifestyle, the watermark for the trial of popular visual effects software FX Factory Pro appears. As the watermark is for the trial of the software, the implication is that Disney didn't even buy the license for the software, something that the Twitter user saw as further proof that Disney 'doesn't care' about the Muppets.
'If I needed more proof that Disney doesn't care about The Muppets, the 'Muppets NOW' finale provided it,' they wrote. 'Tonight's finale has the FX Factory Pro watermark pop up 3 times AND MADE IT TO THE PLATFORM. This license costs $300. Come on.'
If I needed more proof that Disney doesn't care about The Muppets, the 'Muppets NOW' finale provided it. Tonight's finale has the FX Factory Pro watermark pop up 3 times AND MADE IT TO THE PLATFORM. This license costs $399. Come on. pic.twitter.com/eQcDLEO3IX
— Chuck (@cegoodman2) September 5, 2020Several fans weighed in on the thread, noting that seeing the watermark was upsetting to them and took the opportunity to express how this is just the latest thing to let them down regarding the beloved Muppets -- including a few references to the new voice of Kermit, something fans expressed concern about even before the series' debut. However, some fans suggested that the watermark wasn't an editing miss at all and was, instead, part of a gag in the episode itself -- and idea that does have some merit.
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Part of the premise of Muppets Now is that the show is put together by one Muppet -- Scooter -- with the rest of the Muppets sending him clips and segments to upload for the show. Scooter is frequently overworked and overwhelmed by some of the 'cast' demands, but that's especially so in the finale. In 'Socialized', Scooter is made co-moderator of the Muppets social media accounts which results in him being burdened with multiple notifications on said accounts while also trying to upload the content to make the show. With Scooter being so taxed, it's possible the watermark is meant to be a joke, a nod to the 'amateur' aspect of the series as well as just how unprepared Scooter actually is.
Even if it makes sense, it still doesn't quite work. As a joke or a gag, it falls kind of flat as there's no actual payoff from it -- no one calls Scooter out or warns about the watermark after the fact -- and on top of that FX Factory Pro is real editing software. Utilizing it for a gag is very confusing. And, beyond the confusion and lack of payoff, if this isn't a gag and the watermark is real, the idea that it's the trial version -- not the licensed version -- that was used could create some legal issues. As some replies noted, it's entirely possible that the editors were using a fully licensed version of the software, but whoever did the final exports didn't have it activated at the time -- something that should have been caught in quality control before going to air.
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Muppets Now is now streaming on Disney+. If you haven't signed up for Disney+ yet, you can try it out here.
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