A new luxury senior living facility at 2330 Broadway (at 85th Street) is in the works. The two low-rise buildings which currently occupy the lot are both vacant, and were both purchased this week for $61 million by Welltower Inc and Hines.
Welltower Inc is the largest publicly traded senior-housing landlord, and Hines is the developer involved in the project.
Through their partnership, they plan to raze the vacant buildings and construct a luxury 17 story building. It will have amenities including a spa, rooftop garden and a restaurant. It will have 162 apartments, about half of which will be reserved for residents with Alzheimer’s or other memory issues.
The building will be designed by SLCE Architects.
Demolition of the current buildings on the lot is expected to take place during the first half of 2019.
From a report by Bloomberg: “All the science points to seniors having better healthcare outcomes and better cognitive outcomes when they’re in a community, when they’re actively engaged, as opposed to being passive,” said Tommy Craig, a Hines senior managing director overseeing the New York region. “We’re really aiming to get people who otherwise have home health care and are living alone.”
The developers believe that seniors will want to continue living in the city even when they can no longer live alone.
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