March 7, 2018 Comments Off on Hines, Welltower Break Ground on Midtown Seniors Project Views: 2722 Top New York

Hines, Welltower Break Ground on Midtown Seniors Project

Hines and healthcare REIT Welltower Inc. launched construction of their Sunrise at East 56th, said to be Midtown’s first purpose-built assisted living and memory care community. Upon completion, Sunrise Senior Living will manage the 151-unit property at 139 E. 56th St.

For Hines, the partnership with Welltower marks its debut in seniors housing. “We are working with Welltower and Sunrise to bring evidence-based wellness programs to this development, to deliver services that will enhance our residents’ lives and health in many ways,” said managing director Sarah Hawkins.

“Welltower is committed to bringing the highest quality seniors housing to core urban locations, where there are currently few options for the aging population,” said Mercedes Kerr, the REIT’s EVP—business and relationship management. “Seniors want to stay in their cities as they age, and Sunrise at East 56th will present New Yorkers with a world-class option in the heart of the city.”

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