Senior Development on Schedule
The Watermark at Brooklyn Heights is a conversion of the historic Leverich Towers Hotel and a former Jehovah’s Witnesses’ residential property, into an upscale senior residence, which will feature 275 newly renovated residences.
The building, considered one of Brooklyn’s iconic architectural landmarks, joins Watermark’s new lifestyle brand, the Elan Collection.
The development team includes the majority owner Kayn Anderson, operator, co-developer and minority owner Watermark/The Freshwater Group; and the development partner, minority owner, Tishman Speyer.
The lending consortium consisting of the lead lender BMO Harris, as well as Wells Fargo and Capital One, provided a $200 million acquisition and re-development loan.
Watermark and Kayne Anderson’s partnership owns and operates a portfolio of 16 retirement communities.
Designed by Montroy DeMarco Architecture (MDA) with interiors by Lemay + Escobar, the Watermark was designed to fill a void for high quality seniors housing in the New York City market.
The current renovation will preserve much of the building’s original structure and history while adding a reimagined, stylish interior.
Source: Real Estate Weekly



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
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...

Home Renovation of a Quadriplegic Student on NBC’s George to the Rescue Show
Plainview, NY – George Oliphant, the host of the popular NBC home renovation show “George to the Rescue,” and the all-volunteer team of designer Steven Andersen, Principal of New York City-based interior design studio Montroy Andersen DeMarco (MADGI) and...