This Boomer Project Could Change Everything

There’s a seniors housing project about to break ground on the UWS that’s NYC’s largest investment in seniors housing, one of the US’s first seniors housing to offer a dedicated LGBT residence, and the first urban high-rise for the Green House model (group apartments).

Jewish Home Lifecare CEO Audrey Weiner says the org’s 20-story, 376k SF building, to be called The Living Center in Manhattan, will break ground on 97th between Columbus and Amsterdam this fall and open in 2018. The $278M project is financed with a $152M mortgage, $40M raised so far via philanthropy, and funds from a land swap with Joe Chetrit. He received Jewish Home Lifecare’s existing campus: four buildings on 106th between Columbus and Amsterdam.

264 people will live in 22 apartments (each with 12 bed/bathrooms and shared living space), at least one of which will be dedicated to LGBT seniors, who also can opt to live elsewhere in the property. A five-floor short-term rehab center has another 150 beds. It’s a rare opportunity for NYC seniors to age-in-place in the city where they’ve spent their lives.

Photo: Ann Billingsley

Earlier this month, Jewish Home Lifecare raised $1.3M at its inaugural Eight Over Eighty gala, where real estate legend Larry Silverstein and his wife Klara and the newest gay rights icon, Edie Windsor (above, at the gala), were among those honored.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's New York Newsletters
Related Stories

Discussing Strategic Capital Stack Structuring At Bisnow's Sept. 30 National Finance Event

Bally's Lines Up $560M Loan For Bronx Casino: The N.Y. Deal Sheet

Data Center Spills 5,000 Gallons Of Fuel Into New Jersey River

Historic Brooklyn Hotel To Be Turned Into Ritz-Carlton-Branded Condos

Downtown Atlanta Improvement Group Picks Food Bank Chief As Next Leader

Trump's DEI Crackdown Is Creating New Risks For Landlords That Lease To The Government

Taconic Partners Sheds Another NYC Life Sciences Property

Oxford Properties' U.S. Investment Head On Why It's Buying Office Again — And Where

Brandon Johnson Seeks Second Term Amid Strained CRE Relationship

25 Years After 9/11, Lower Manhattan Is Finally Firing On All Cylinders

Tishman Speyer Seeks $92M Tax Break For Next Hudson Yards Office Tower

Former CBRE Exec Suing Brokerage Giant Over Age Discrimination, Whistleblower Complaint