Rivers Edge Groundbreaking Marks New Yorks First Life Plan Community

RiverSpring Living has broken ground on River’s Edge, a senior living community positioned to become New York City’s first and only Life Plan Community. The development will sit on RiverSpring Living’s 32-acre campus along the Hudson River, minutes from Manhattan, and is intended for adults age 62 and older.

RiverSpring Living, a nonprofit with more than a century of service to older adults and the operator of the Hebrew Home at Riverdale, is sponsoring the project. River’s Edge is planned as a luxury residential offering paired with resort-style amenities and a continuum of care designed to provide long-term financial security as resident needs evolve.

“This groundbreaking represents more than the start of construction—it is the realization of a bold vision for how older adults can live with independence and vibrancy,” said Jeffrey S. Maurer, Chairman of the RiverSpring Living Board of Trustees.

River’s Edge will feature high-end apartment residences, curated amenities, and access to the full spectrum of clinical and supportive services that have defined RiverSpring Living’s reputation in skilled nursing, rehabilitation, and memory care. Occupancy is expected in December 2028.

“River’s Edge will redefine aging in New York City, offering a dynamic, engaging lifestyle in a setting that is both luxurious and deeply supportive as health needs change,” said David V. Pomeranz, President & CEO of RiverSpring Living.

The development team includes Integrated Development II (ID2) as development consultant, Perkins Eastman as architect, and Consigli Construction as construction manager and general contractor. Financing closed recently with Ziegler and HJ Sims on the largest senior living tax-exempt bond transaction to date for the project, providing $632,925,000 in financing.

For professionals in multifamily and senior housing, River’s Edge is notable for its scale, integrated care model, and financing structure. As operators and investors seek solutions that combine lifestyle, health services, and long-term value, this project will be an example to watch in the New York market and beyond.

Multifamily Leadership will continue to track developments that intersect senior housing, design, capital markets, and operations as the industry adapts to demographic and market shifts.