In The News

Holy Smokes: Developer Reveals First Look at Swanky Brooklyn Heights Senior Housing

November 6, 2019 | Kevin Duggan
It’s heaven on earth!
Developers unveiled plans for a massive luxury senior housing complex inside an old Brooklyn Heights hotel formerly owned by the Jehovah’s Witnesses last week.
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See Inside Brooklyn Heights’ Historic Leverich Towers Hotel, Set to Open to Seniors in March

October 31, 2019 | Cate Corcoran
Private equity firm Kayne Anderson Real Estate is aiming for a March opening for the highly anticipated conversion of the Leverich Towers Hotel at 21 Clark Street into a high-end assisted living facility for seniors, the firm and its partners said Tuesday. The Watermark at Brooklyn Heights, as it will be known, will be operated by Watermark/The Freshwater Group, which also has an ownership stake in the property. Tishman Speyer is codeveloping.
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Watermark at Brooklyn Heights Joins Élan Collection

November 18, 2019 |
The $330 million redevelopment of 21 Clark Street, by Watermark Retirement Communities in a partnership with Kayne Anderson Real Estate, proceeds on schedule for the early 2020 opening. The Watermark at Brooklyn Heights is a conversion of the beloved, 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 Élan Collection.
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Behind the Scenes of Watermark’s $330M Landmark Brooklyn Redevelopment

November 15, 2019 | Chuck Sudo
The Watermark at Brooklyn Heights is transforming the landmark 16-story Leverich Towers Hotel in Brooklyn into 275 units — 204 assisted living, 42 memory care and 29 independent living — along with 50,000 square-feet of amenities and unobstructed views of downtown Manhattan and the Statue of Liberty.
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Historic Leverich Towers Hotel and Former Jehovah’s Witnesses’ Residential Property Converted into Upscale Senior Residence.

November 13, 2019 | Kayne Anderson Real Estate
The $330 million redevelopment of 21 Clark by Watermark Retirement Communities in a partnership with Kayne Anderson Real Estate, proceeds on Schedule for the early 2020 opening.
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High-End Senior Housing Coming to Brooklyn Heights

November 8, 2019
The $330-million redevelopment of 21 Clark St. by Watermark Retirement Communities and partner Kayne Anderson Real Estate is proceeding on schedule for an early 2020 opening.
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Watermark Retirement Community’s Renovation Of 21 Clark Street Progresses In Brooklyn Heights

November 8, 2019 | Sebastian Morris
Renovation work is progressing on the Watermark at Brooklyn Heights at 21 Clark Street. Developed in collaboration by Watermark Retirement Communities and Kayne Anderson Real Estate, the project will debut as senior housing with 275 newly renovated residences. Located in the heart of Brooklyn Heights, the 16-story, 310,000-square-foot property was originally constructed in 1928 as the Leverich Towers Hotel. In 1975, Watchtower purchased the property as housing for its local Jehovah Witness volunteer force and began to restore the intricate architectural features that defined the building.
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A tour of the landmarked Watchtower property being transformed into luxury senior housing

November 6, 2019 | Lore Croghan
A Brooklyn Heights Watchtower property that was previously a swanky hotel where the top-paid Brooklyn Dodgers stayed is being turned into high-end seniors housing.
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These NYC Senior Residences Come With Luxury Condo Amenities

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September 29, 2019 | Lisa Chamoff
“There hasn’t been anything of this scale in the neighborhood,” said Michael Flores, membership director at Watermark Senior Living Brooklyn. “There’s been a tremendous response since we opened the leasing gallery.”
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Making Plays: Senior Living Is the Asset Class Du Jour for Welltower and Others

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April 9, 2019 | Chava Gourarie
Another Brooklyn development, at 21 Clark Street in Brooklyn Heights, is being developed by a joint venture between Kayne Anderson Real Estate and The Freshwater Group, with Freshwater’s operating arm, Watermark Retirement Communities, operating the facility. While Kayne provided the majority of the capital, Freshwater is overseeing the $100 million-plus development and teamed up with Tishman Speyer to transform the former Jehovah’s Witness dormitory into senior housing, according to David Freshwater, the chairman of Watermark.
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