
KOSL Gardens of Westchester, Atria Senior Living and The Related Companies have combined their expertise in development and operations to propose a new standard for senior living care. The Wilmot Lakeside Living project will be located on the lakeside, 11-acre site at 250 Wilmot Road in New Rochelle, New York, and will provide high-quality independent living, assisted living, and memory care for the residents of the surrounding communities. The hope of this addition to the neighborhood is to provide quality care for those in need, bolster the local economy, while making certain to retain the neighborhood feel of the surrounding area.
Location
Community Benefits
- The ability for City residents to migrate locally and live within a brand-new forward-looking senior community.
- Creation of hundreds of jobs during development and substantial full-time staffing opportunities due to service-intensive model.
- Significant property tax increase for the City.
- Possible qualifying grant programs for the City.
- Construction of new privately financed, public-access sidewalks along frontage of property.
- Preservation of open space with significant tree replacement and supplemental screening.
- No school aged children; no peak traffic, no enrollment impact.
- Minimal municipal service impact.
- Potential value appreciation of surrounding property.
- Keen focus on minimizing City-wide carbon footprint by implementing environmentally friendly solutions.
Project Information
Q & A
The project is being Co-developed by KOSL, Related Companies and Atria Senior Living. Atria Senior Living will operate the community.
KOSL has been developing high end residencies throughout Westchester County for over 30 years. Based in Mamaroneck, KOSL has been recognized as one of the most respected and prestigious real estate developers with a diverse portfolio of over a hundred projects in various affluent areas such as Scarsdale, Larchmont and Rye. Focused on diligence and quality, KOSL has syndicated a top-tier team of national real estate companies with strong local ties to co-develop and operate this project to ensure a premium level of construction and operational integrity.
Atria Senior Living is the nation’s premier developer, owner and operator of senior living communities. Atria has 28 communities in the New York Metro Area including four in Westchester. With a high regard for quality care and accommodation, Atria is renowned as one of the most accountable operators in the Country.
Related Companies is a global real estate and lifestyle company defined by innovation and the most prominent privately-owned real estate firm in the United States with over $60 billion in assets owned or under development including the 28-acre Hudson Yards neighborhood on Manhattan’s West Side, The Grand and Related Santa Clara in California and The 78 in Chicago. Formed over 45 years ago, Related is the largest private owner of affordable housing and a fully-integrated, highly diversified industry leader with experience in virtually every aspect of design, development, acquisitions, management, finance, hospitality, sustainability, and sales. Related’s mixed-use, residential and commercial office properties have been consistently heralded for their placemaking vision – bringing together iconic design, arts and culture, dynamic programming, and innovative wellness programs. Headquartered in New York City, Related has offices and major developments in Boston, Chicago, Los Angeles, San Francisco, South Florida, Washington, D.C., Abu Dhabi and London, and boasts a team of approximately 4,000 professionals. Related was named to Fast Company Magazine’s list 50 Most Innovative Companies in the World.
- The ability for City residents to migrate locally and live within a brand-new forward-looking senior community.
- Creation of hundreds of jobs during development and substantial full-time staffing opportunities due to service-intensive model.
- Significant property tax increase for the City.
- Possible qualifying grant programs for the City.
- Construction of new privately financed, public-access sidewalks along frontage of property.
- Preservation of open space with significant tree replacement and supplemental screening.
- No school aged children; No peak traffic, No enrollment impact.
- Minimal municipal service impact.
- Potential value appreciation of surrounding property.
- Keen focus on minimizing City-wide carbon footprint by implementing environmentally friendly solutions.
Find Out More
We look forward to scheduling public Zoom meetings to further discuss the exciting Wilmot Lakeside Living project. Please check back soon for exact dates and times.
In the meantime, feel free to contact us at info@wilmotlakesideliving.com.