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Welltower, Hines Partner on UWS Senior Living Project

Welltower Inc. and Hines have closed on the acquisition of a development site at 2330 Broadway at 85th Street on the Upper West Side for an undisclosed sum. It marks the second joint venture between the two firms on a senior living community in Manhattan.

Existing commercial structures on the site will be demolished to make way for Welltower West, a 140,000-square-foot, 17-story senior living and memory care community. “Our partnership in the urban seniors housing sector combines the highest quality of care with beautiful and functional design focused on dignity, wellness and community,” said Hines’ Sarah Hawkins.

“This location is in the top percentile of the demand curve for our target households, and Welltower West will offer a seamless extension of this unique neighborhood for our residents,” said Welltower CEO Tom DeRosa.

He added that the new project’s design will complement and integrate with the neighborhood’s existing residential stock.

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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 13-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 15-20 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 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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