A ribbon-cutting was held to formally open a $54 million Braemar senior living community at Montebello in Rockland County. The property is a 133-unit, 133,675-square foot, four-story facility located on 6.2 acres at 250 Lafayette Ave. in Montebello, which is in the Town of Ramapo. The 133 apartments are fully furnished and feature kitchenettes, private bathrooms, luxury vinyl flooring and wireless Internet. All apartments also feature the latest in safety and monitoring systems.
The total development cost of the project is $54 million, including $36 million in construction cost. The owner/developer is a partnership between FilBen Group and RSF Partners, a private equity firm based in Dallas, Texas. M&T Bank provided a $34.8 million construction loan. Through the Rockland County IDA, the development received sales and mortgage recording tax exemptions.
“Today we celebrate an official opening of the new Braemar Living at Montebello community,” said Richard Filaski, managing director of FilBen Group. “This beautiful property has already attracted interest from numerous senior residents and families from Rockland County, Lower Hudson Valley, the greater New York area, New Jersey and as far as Massachusetts and North Carolina. Braemar … will address the severe shortage of high quality senior housing in the region.”
In addition to the onsite entertainment and dining options, Braemar offers health care services through a partnership of its in-house Wellness Department and a licensed home care services agency.
Braemar is a brand of FilBen. The first Braemar-branded property, Braemar at Medford in Medford, New York, opened in 2008. The Braemar at Wallkill in Middletown, New York was the second Braemar property and opened in 2015. The Montebello community is the third and FilBen has plans to build its fourth property, a 152-bed assisted living community, in Carmel in Putnam County.
“Congratulations to Braemar Living at Montebello on its grand opening, expanding high-quality assisted living options for seniors in here in Rockland County,” said Rockland County Executive Ed Day. “This new residence has excellent amenities and compassionate care, helping older residents age with dignity and grace.”
