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New York & Tri-State  + Senior Housing  |  February 6, 2020
Paul Bubny
By: Paul Bubny

Related JV Will Bring Senior Living to Hudson Yards

A joint venture between Related Companies and Atria Senior Living, in conjunction with Spitzer Enterprises and Welltower, closed on a strategic partnership at 451 Tenth Ave. at Hudson Yards. The Hudson Yards development will be the second location for the Related/Atria JV’s new series of upscale urban senior living communities, and the first on the East Coast.

Development of the project began in late 2019; completion is planned for 2022. Welltower is the long-term strategic capital partner for the Related/Atria JV in connection with both the 451 Tenth project and the JV’s previously announced 1001 Van Ness project in San Francisco. The Hudson Yards project will represent Welltower’s third purpose built senior living community in Manhattan.

Atria will manage the community. Currently the company provides senior living services to more than 4,000 New Yorkers across its 27 communities in the state.

For comments, questions or concerns, please contact Paul Bubny

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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