A Florida-based developer has announced plans to convert a Jehovah’s Witnesses property in Brooklyn Heights into a luxury senior housing development, the Wall Street Journal reports.
Kayne Anderson acquired the Witnesses’ 16-story building, known as the Towers, for $200 million, and have now renamed it The Watermark at Brooklyn Heights. The developer plans to convert this 295-unit residential building into a luxury senior home with 300 apartments.
Amenities at the new development will be spread out over 75,000 square feet of space and will include a swimming pool, spa, and multiple dining rooms, according to the Journal.
The developer didn’t offer details on the rent, but experts told the Journal that studios would typically rent for $7,000 per month, and two-bedrooms for $10,000 per month, when special care is not included. The latter usually doubles the cost for these types of luxury developments.
Jehovah’s Witnesses have been slowly decamping from their Brooklyn Heights empire and making a new home in Warwick, N.Y. A representative for the organization told the Journal that they were nearing finish line on selling their 36-building complex in Brooklyn Heights.