NYC's Latest Luxury Senior-Housing Tower Will Be in Brooklyn

Kayne Anderson buys Heights building from Jehovah’s Witnesses
Project is third in New York City aimed at well-heeled seniors

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By Oshrat Carmiel

November 1, 2017 at 3:57 PM UTC

New York City is getting another luxury senior-living development. This time, in Brooklyn.

Kayne Anderson Real Estate Advisors bought a 16-story building in Brooklyn Heights from the Jehovah’s Witnesses, according to a statement Wednesday that didn’t disclose a price. The Boca Raton, Florida-based private equity investor is teaming with Watermark Retirement Communities to redevelop the site, at 21 Clark St., into senior housing with 75,000 square feet of amenities and picturesque views of Manhattan and the Brooklyn Bridge.