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Friday, November 9, 2018

Welltower & Hines acquire Manhattan site for seniors housing community

Welltower and the New York office of international real estate firm Hines have closed on the acquisition of a development site at 2330 Broadway at 85th Street on the Upper West Side of Manhattan. Existing commercial structures on the site will be demolished to make way for construction of a state of the art 140,000-sq.ft., 17-story senior living and memory care community. The site on the northeast corner of 85th Street and Broadway is the second Manhattan senior living development site for the joint venture partnership of Hines, Welltower, and a passive institutional investor.
https://thefly.com/landingPageNews.php?id=2821555

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