Burman/Engel break ground on $70M East Meadow assisted living facility.
Just one year after he completed and quickly sold out a showcase 438-unit cooperative housing and recreational community for seniors known as The Meadows at Mitchell Field, developer Jan Burman, president of Syosset-based Lazarus Burman Associates, in partnership with Lynbrook developer Sydney Engel, has broken ground on a neighboring vacant tract at the corner of Hempstead Turnpike and Merrick Avenue for a state-of-the-art assisted living development. The handsome $27 million structure will be sharing the 8-acre site with a 280-bed nursing home that the developers plan to begin building later this year.
The assisted living phase of the $70 million health care complex will be known as The Bristal; the nursing home will be called the Fulton Commons Care Center.
"There are 70,000 people over the age of 65 within a 5-mile radius of our location and tens of thousands more throughout Nassau County," asserted Burman, who said that he plans to meet the growing demand for quality health care and senior housing facilities on Long Island with meticulously planned, amenity-laden, architecturally distinctive development.
"Being a resident of our assisted living facility will be like living in a fine hotel," added Burman, who estimates that rents will be in the low $3,000 to low $4,000 per month range. This will entitle residents to a one or two-bedroom apartment along with 24-hour supervision, recreational facilities, transportation and some health services.
Designed by architects David Mammina of Rego Park, and John Schimenti of Lynbrook, the five-story French Normandy-styled assisted living facility will feature an exterior facade of reddish brick and white paneled stucco contrasted against a distinctive copper green mansard-style roof. Other building amenities will include a health club, wellness center, library, mini-theater, card room, arts & crafts room and terraced sitting areas. The facility will also feature an Alzheimer's Care Center.
The assisted living development is being financed with a bond offering through the Town of Hempstead Industrial Development Agency. The nursing home will be financed through a HUD FHA-insured mortgage.
Burman estimated that the assisted living phase of his development would take approximately 14 months to complete. He expects to begin accepting rental applications in March.
|Printer friendly Cite/link Email Feedback|
|Publication:||Real Estate Weekly|
|Date:||Dec 1, 1999|
|Previous Article:||PWC Trade Show sets new attendance and exhibitor records.|
|Next Article:||Thomas Associates expands in Farmingdale.|