“This first-class residential complex will be developed with an emphasis on affordability, energy efficiency and a spirit of community,” notes Matt Schwartz, principal with the Domain Cos. City assistance was made possible by the Health and Hospitals Corp. in the form of a 99-year lease on the property and the HPD providing a $6-million loan through the Article 22 Program. Centerline Capital will provide $14.6 million through the sale of HPD housing tax credits and historic credits. HPD also provided an enhanced J-51 tax abatement. Bank of America provided a $5.2-million construction loan and MMA will provide a commitment for $5.2 million of permanent financing through Fannie Mae; $2 million came from Oddo.

The hospital was originally built in 1913 to assist tuberculosis patients. “Our perseverance through seemingly endless challenges is paying off and senior housing will finally be built on the Sea View campus,” Oddo says.

The Sea View model of independent living will be the only facility of its kind on Staten Island, offering a new “lifestyle” concept to the borough's senior population, according to a public statement. Amenities will include a common lounge and dining area, exercise room, library, beauty salon and on-site security. Residents will have access to such services as housekeeping and prepared meals, and will have the option of utilizing a full-time service coordinator to help arrange for medical care. The Metropolitan Council on Jewish Poverty, a leader in administering service programs for senior citizens citywide, will coordinate the administration of the service program.

In the past three years, the Arker/Domain partnership has collaborated on the creation or preservation of 1,639 units of affordable housing and 60,000 sf of neighborhood retail in four New York City boroughs. The partners have done so by utilizing 22 different city, state and federal programs, including being the first to utilize two such programs in the creation of affordable housing.