Senior Development on Schedule
The Watermark at Brooklyn Heights is a conversion of the historic Leverich Towers Hotel and a former Jehovah’s Witnesses’ residential property, into an upscale senior residence, which will feature 275 newly renovated residences.
The building, considered one of Brooklyn’s iconic architectural landmarks, joins Watermark’s new lifestyle brand, the Elan Collection.
The development team includes the majority owner Kayn Anderson, operator, co-developer and minority owner Watermark/The Freshwater Group; and the development partner, minority owner, Tishman Speyer.
The lending consortium consisting of the lead lender BMO Harris, as well as Wells Fargo and Capital One, provided a $200 million acquisition and re-development loan.
Watermark and Kayne Anderson’s partnership owns and operates a portfolio of 16 retirement communities.
Designed by Montroy DeMarco Architecture (MDA) with interiors by Lemay + Escobar, the Watermark was designed to fill a void for high quality seniors housing in the New York City market.
The current renovation will preserve much of the building’s original structure and history while adding a reimagined, stylish interior.
Source: Real Estate Weekly
MDA is One of the Best Retail Architects in New York City
Founded in 1990, Montroy DeMarco Architecture (MDA) is most distinguished for offering both design excellence and technical expertise. This skillset is reflected in the firm’s portfolio that features some of the most prominent commercial, retail, multi-family,...
Montroy DeMarco Architecture is One of the Largest Multi-Family Senior Living Facility Architecture Firms in the Nation
Building Design + Construction Magazine published its 2020 Giants 400 Report ranking the Nation’s Largest Architecture, Engineering, and Construction Firms in Multi-Family Senior Living Facilities. MDA is 40th Largest Multi-Family Senior Living Facilities...
Montroy DeMarco Architecture is One of the Largest Building Reconstruction and Renovation Architecture Firms in the Nation
Building Design + Construction Magazine published its 2020 Giants 400 Report ranking the Nation’s Largest Architecture, Engineering, and Construction Firms in the Building Reconstruction and Renovation Sector. MDA is 110th Largest Reconstruction and Renovation Sector...