Amsterdam House Continuing Care Retirement Community, Inc., has announced its intention of developing nearly nine acres of prime real estate in Port Washington along West Shore Road for a new $200 million not-for-profit continuing care retirement community (CCRC). The Amsterdam at Harborside will bring Nassau County its first CCRC, which will provide its residents with the ultimate suburban lifestyle experience while providing comprehensive health care services.
Rendering of Amsterdam House CCRC courtesy of Perkins Eastman Architects.
Amsterdam House CCRC, Inc., associated with Amsterdam Home in Manhattan, will manage day-to-day operations of the new retirement community. The 132-year-old not-for-profit has partnered with Irving, Texas-based Greystone Communities to serve as community developer. Greystone provides planning, development, marketing, financing and management services to senior living communities and has been engaged to provide development services for 62 communities nationally, including The Amsterdam at Harborside retirement community.
This will be the first senior living community in Port Washington and Nassau County designed to facilitate an independent, active lifestyle for seniors who prefer to live with in a suburban setting. The community features a unique combination of independent living apartments and offers seniors a comprehensive Life Care program, which guarantees access to a continuum of care including on-site assisted living and skilled nursing care at predictable monthly costs and assuring estate preservation.
"There are nearly 53,000 seniors 65 and older within a five mile radius of Port Washington," said James Davis, Amsterdam nursing Home president and CEO. "More than ever, seniors are making a conscious choice to take control of their retirement options and demanding a variety of lifestyle choices. This development will be an innovation in senior living, providing a unique location and lifestyle while enabling seniors to age in place by providing for their physical, health care and financial security needs."
Residents will pay entrance fees, which range depending upon the type and size of residence selected. The entrance fee is typically paid from the sale proceeds of the resident's home prior to moving to the property. Additionally, the not-for-profit Life Care community will utilize an attractive and another valuable estate preservation benefit where 90 percent of the entrance fee is refundable, regardless of their length of stay, should they decide to move, or it is paid to their estate in the event of death.
Pricing for the new not-for-profit community will be in line with other similar residence options in the area. Information on The Amsterdam at Harborside and entrance fees will be available in the near future following approvals and licensing procedures that ensure consumer protection through the Article 46 process in accordance with New York Public Health Law.
(Ed's note: This CCRC is replacing the one previously called Harbor Ridge which was to be constructed at the former Morewood property (A.K.A the sand pits).