Sunrise Senior Living, Hines and Welltower announced the opening of The Apsley in Manhattan’s Upper West Side. The Apsley is the joint venture’s second luxury senior living community in New York City. The first luxury senior living community by the partners was Sunrise at East 56th on the Upper East Side. It opened in December 2021 with 151 assisted living and memory care units, which was just months after Omega Healthcare Investors and Maplewood Senior Living opened Inspīr Carnegie Hill on the Upper East Side. That community is a 23-story, 215-unit assisted living/memory care building with an open-air skypark on the 17th floor separating different levels of care. Construction costs were estimated at around $250 million, or over $1.1 million per unit.
Meanwhile, The Apsley is a 19-story building with 80 assisted living and 76 memory care units. Pricing begins at $15,000 for studios, $21,500 for one-bedroom suites and $24,000 for two-bedroom suites. Pricing is all-inclusive, covering the unit fee, personalized care and services plus amenities. Additionally, the community has partnerships with local institutions and offers concierge services, providing residents with access to activities throughout New York City.
High-rise communities such as The Apsley, Sunrise at East 56th and Inspīr Carnegie Hill stand out among urban seniors housing, particularly in regard to their cost to build and their cost to rent. While no specific sites have been announced, Sunrise’s Senior Vice President of Operations Denise Falco noted there are new projects in the works throughout various regions.
