New $270 Million Luxury Senior Living Community Celebrates Ground Breaking in Manhattan

NEW YORK, NY - Maplewood Senior Living and Omega Healthcare Investors, celebrated the groundbreaking of their highly anticipated, premier luxury senior living development, Inspīr | Manhattan, located at 1802 Second Avenue. The announcement was made by Gregory D. Smith, President and Chief Executive Officer of Maplewood Senior Living.

The building is set to rise in one of NYC's most affluent neighborhoods, the Upper East Side, where Second Avenue meets 93rd Street. The senior living community will be a 23-story, 212,000-square-foot mid-rise featuring 215 units of assisted living, enhanced care and memory care. It will be one of the first ground-up projects of this scale in the city in more than two decades.

The New York property also marks the launch of the Inspīr brand. This international brand was developed to offer a luxurious option for seniors looking to join a senior residence. Given the city's rich history as a global leader in real estate, New York is a perfect fit for the upscale brand to make its debut.

The modern community will offer diverse and bountiful features and amenities, including beautiful gardens, an indoor heated swimming pool, a luxury salon and spa, a state-of-the art entertainment movie theatre, a library, and luxurious common areas for engagement and socialization opportunities. There will be a variety of high-end dining venues, all of which will include farm-to-table dining for discerning seniors.

"New York City offers a rich environment for seniors who wish to continue an active lifestyle with connections to family, social networks and the many culturally diverse opportunities the city has to offer including theatre, opera and museums," said Gregory D. Smith. "We are designing a truly unique community that not only offers access to the city, but to incredible private spaces with beautiful finishes and well-appointed apartments, all set in an oasis of boutique-style luxury."

Taylor Pickett, CEO and President of Omega Healthcare Investors added, "We are very excited about what the Maplewood team is bringing to Manhattan. Inspīr | Manhattan represents our 14th investment with Maplewood and our first in New York City. Greg Smith and his entire team have built their business on combining the highest level of quality care and service amenities with innovative and contemporary design. The Inspīr project reflects all of the best elements of what Maplewood does exceptionally well combined with a design and sophistication level that we are confident the Manhattan market will value and embrace."

Maplewood Senior Living selected Handel Architects of New York to design the residence. Its sophisticated design will be centered on the use of natural light, as well as access to nature. The abundant use of light and nature is meant to infuse positivity and invigorate the spirit. Some of these features will include floor-to-ceiling windows, a 16th floor sky park, terraces and enclosed gardens.

"We are thrilled to partner with Maplewood Senior Living to design this modern residential space where seniors can enjoy healthy and active lives," said Frank Fusaro, Partner, Handel Architects. "Our vision is of a building that has a simple elegance in its order, a building that's derived from how it is made and what is essential, with spaces that foster community and promote health and wellness through an abundance of natural light and nature."

T.G. Nickel & Associates of New York is serving as the construction manager for the development. The total project cost will be $270 million, including land costs. Inspīr | Manhattan is slated to open in 2019.