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New retirement community planned

Kathy Kahn
 | 
Jul-12-09, 07:00 PM
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4 Votes



Topics: Health Care, Health & Wellness

The 2000 Census confirmed what many already suspected: Westchester and the surrounding region is home to a disproportionate number of baby boomers and seniors.  Despite a downturn economy, the new owners of the former Kings College property in Briarcliff Manor are confident their new retirement community will be a success when they break ground in 2011.


The Club at Briarcliff Manor, which closed on the purchase of the property for $300 million in June, plans Westchester’s third continuing-care retirement community (CCRC). The closing came after developers received the certificate of authority from the state Department of Health.


Matthew Phillips, president and CEO of Integrated Development Group, is developing the 69-acre property in a joint venture with National Electrical Benefit Fund, a Washington, D.C.-based pension fund with more than $10 billion in assets.


Tours of the site were held on June 25 for prospective buyers. The Tudor-style development will offer 288 one- and two-bedroom independent living apartments in the upper village, ranging in size from 900 to 2,000 square feet; 24 townhomes and 13 free-standing villas with attached two-car garages. Sixty supportive-living residences will offer skilled nursing care on site. 


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1 Comment

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  1. Washington retiree and loving it makes this comment

    Tuesday, 14 July 2009

    I absolutely love the retirement community I call home - Waterford in Spokane - and looking at the illustration above this seems like its going to be a really nice place - I just have to wonder how the developers will approach the seemingly massive task of starting from a baseline of zero residents and filling this community to the level that it needs to be financially independent! I would be hesitant to move in to a newly developed place wondering what would happen if I make the leap and then they can't fill the other homes. Best, Les

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