Search
 

Senior Housing Complex Slated for Nassau County

NORTH WOODMERE, NY-The first project by a joint venture of two Long Island developers is a 129-unit assisted-living complex with a 30-person Alzheimer's facility.

By Glen Thompson | Updated on February 11, 2002

NORTH WOODMERE, NY-A 129-resident assisted-living facility with a 30-person Alzheimer unit will be built in this Nassau County community. The project is the first development by Hungry Harbor LLC, a joint venture between Engel Burman Senior Housing and Kabro Senior Housing.

The Town of Hempstead Industrial Development Agency has secured $25.5 million in financing for the project through an issue of long-term tax-exempt bonds and other real estate tax, mortgage tax and sales tax incentives. Peter Curry, a partner in the law firm of Farrell Fritz PC, represented the JV in the financing. Underwriters for the bonds are Paul Lamas and Jim Quinn of Roosevelt & Cross, Inc. of New York City.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.