High-End Senior Housing Coming to Brooklyn Heights

Nov 13, 2019 | News

The $330-million redevelopment of 21 Clark St. by Watermark Retirement Communities and partner Kayne Anderson Real Estate is proceeding on schedule for an early 2020 opening.

Reportedly Brooklyn’s first high-end senior housing community, the Watermark at Brooklyn Heights is a conversion of the historic Leverich Towers Hotel, which later served as Jehovah’s Witnesses residences.

“Urban senior housing properties are an attractive alternative real estate investment segment within a rapidly growing market,” said Kayne Anderson Real Estate CEO Al Rabil. “We are proud to lead this market sector nationally with our partner, Watermark.”

The building’s 275 apartments will include 29 for independent living, 204 for assisted living and 42 for memory care. It will also include 50,000 square feet of amenity spaces.

The Watermark project team also includes development partner, minority owner and construction owner’s representative Tishman Speyer; architect Montroy DeMarco Architecture; interior designer Lemay+Escobar; and contractor Hudson Meridian.

Source: Connect New York

 

NYREJ’s 2022 Ones to Watch:  Job Captain, Mateusz Slapinski

NYREJ’s 2022 Ones to Watch: Job Captain, Mateusz Slapinski

  New York Real Estate Journal 2022 Ones to Watch Spotlight: Mateusz Slapinski, Montroy DeMarco Architecture Name: Mateusz Slapinski Title: Job Captain Company Name: Montroy DeMarco Architecture What recent project, transaction or accomplishment are you most...

George to the Rescue Show Renovates Home of Quadriplegic Student

George to the Rescue Show Renovates Home of Quadriplegic Student

  Synopsis: George Oliphant of George to the Rescue NBC Television Series and Volunteer Team complete accessibility home renovation for family of 21-year-old quadriplegic Long Island college student. Oliphant recruited Andersen and JRM to assist with redesigning...

MDA Begins FirstService Residential’s New NYC Office

MDA Begins FirstService Residential’s New NYC Office

  Montroy DeMarco Architecture (MDA) has begun the renovation of a 48,000-square-foot space for FirstService Residential’s New York City headquarters on the ninth and tenth floors of Beacon Capital Partner’s 575 Fifth Avenue. FirstService Residential is the...