Property News · November 12, 2018

US developers bet New York’s ageing baby boomers would want to continue living in Manhattan


Rich Manhattanites who want to stay in the city as they grow older will soon have the option of a luxury assisted-living tower on the Upper West Side.
Welltower, the largest publicly traded senior-housing landlord, and developer Hines are teaming up to build their second project in the borough that will cater to the frail and memory-challenged who want to stay in their own neighbourhood. This week, the partners bought two building lots at 2330 Broadway, at the corner of 85th Street, for US$61…

Source : South China Morning Post
Read more…US developers bet New York’s ageing baby boomers would want to continue living in Manhattan