REBusinessOnline

Kayne Anderson, Watermark, Tishman Speyer Open $330M Seniors Housing Community in Brooklyn

According to the development team, Watermark at Brooklyn Heights as the first new luxury senior community to open in New York City in 20 years and the first one ever in Brooklyn.

NEW YORK CITY — A development team consisting of Kayne Anderson Real Estate, Watermark Retirement Communities and Tishman Speyer has opened the $330 million Watermark at Brooklyn Heights seniors housing community at 21 Clark St. The project is a redevelopment of the Leverich Towers Hotel, a 310,000-square-foot hotel built in 1928 that served as the pre-game home of the Brooklyn Dodgers baseball team in the 1930s and 1940s. The building’s 275 apartments include 145 for independent living, 88 for assisted living and 42 for memory care. Watermark at Brooklyn Heights features 50,000 square feet of indoor and outdoor amenity space, including a curated art gallery, three restaurants, a performing arts stage, multiple wellness venues, an indoor pool, salon and spa and a rooftop terrace. The development team originally acquired the property in 2017. The project team for the renovation included architect Montroy DeMarco Architecture and interior designer Lemay+Escobar Architects. Hudson Meridian was the general contractor.

Content Partners
‣ Lee & Associates
‣ Lument
‣ NAI Global
‣ Walker & Dunlop

Webinars on Demand


Conferences


Subscribe to the newsletter

Read the Digital Editions

Texas Affordable Housing Business

Southeast Affordable Housing Business

Heartland Recent Issue

Northeast Recent Issue

Southeast Recent Issue

Texas Recent Issue

Western Recent Issue

Shopping Center Business

California Centers

Ancillary Retail

Student Housing Business

Seniors Housing Business

Featured Properties  

2021 Finance Insight Video Interviews