“Staten Island is in much need of senior housing for our growing senior population. The vote today by Build NYC will help the SeaView Senior Housing project become a reality. After many delays it is heartwarming to me that this project is moving forward,” said Staten Island Borough President James P. Molinaro last week..
The proceeds from the bonds will be used by SeaView to construct a 103,000 square foot, 188-bed assisted living and memory care facility and an 11,500 square foot building for social and recreational use by residents, as well as to renovate a historical landmark building for visitors.
The SeaView development, to be located on a 15-acre site on Brielle Avenue between Walcott and Rockland avenues, in the Willowbrook neighborhood, is expected to break ground in fall 2012 and will create over 80 new jobs once open.
“Met Council and SeaView are very pleased and fortunate to be working with the NYC Economic Development Corp (EDC) on the issuance of over $30 million in Build NYC Bonds for the construction of 188 affordable, assisted living beds on Staten Island,” said Met Council CEO William E. Rapfogel. “The SeaView project is the first of its kind and the product of many years of work in partnership with EDC, the New York City Council, and our team of developers, architects, financial consultants and other professionals.”
“We look forward to beginning construction this fall and, most importantly, to providing truly affordable safe housing for a vulnerable, underserved elderly population,” added Met Council Board President Steven Price.
“With five more projects assisted this month, Build NYC continues to distinguish itself as a critical resource for City nonprofits looking to reduce costs and finance new expansion projects,” said Build NYC Chairman Seth W. Pinsky. “In particular, the financing approved for the SeaView Senior Living Housing Development marks an extraordinarily important milestone for this project, which will soon greatly benefit Staten Island’s growing senior community.”
About Met Council
Met Council is one of New York’s largest human services agencies, providing 100,000 New Yorkers with critical services in their fight against poverty every year. Since 1972, Met Council has been an advocate and defender for New Yorkers in need and has raised awareness around the growing problem of Jewish poverty. With services ranging from domestic violence counseling to kosher food pantries to career training, Met Council helps individuals find lasting solutions to poverty. To learn more, visit www.metcouncil.org.