State Health Department officials have approved a private developer”™s continuing care retirement community that could open by 2013 in the village of Briarcliff Manor.
The Club at Briarcliff Manor, an approximately $300-million luxury development that will provide health care to residents on a fee-for-service basis, is the 14th continuing care retirement community authorized in New York, according to a spokesman for the developer, Integrated Development Group, based in Northbrook, Ill. IDG”™s joint-venture partner in the Westchester project is the National Electrical Benefit Fund, a Washington, D.C.- based pension fund with more than $10 billion in assets.
IDG was founded in 2006 by Matthew K. Phillips, company president and CEO and a former executive at Classic Residence by Hyatt, one of two previous developers that deemed too costly and dropped the retirement community project on the historic Briarcliff Manor property. Phillips called the state”™s authorization “a major step forward for our project.”
Overlooking the Hudson River on the wooded 59-acre grounds of the former King”™s College and Briarcliff Lodge, the development will include 325 independent living residences for persons 62 and older and a 60-unit supportive living center providing assisted living, memory support and skilled nursing care. Residences will include an upper village of 288 apartments, ranging from 930 to 2,030 square feet of space in Tudor-style buildings, and a lower village with 13 villas of approximately 3,200 square feet and 24 townhomes of about 2,400 square feet.
Amenities will include a full-service spa and salon, multiple dining venues, a fitness center, aquatics center, social lodge, outdoor tennis courts, private library, multimedia business center, theater and walking trails.
Entrance fees for residences will start at $750,000 and are 90 percent refundable. Monthly fees for amenities and services are projected to start at $3,400. Services provided by the supportive living center are not included in the monthly fees and will be charged at market rate.
The developer has opened two sales centers in Westchester since summer 2008. Construction is expected to start in 2011 with occupancy slated for 2013.
