Welltower

It's being called the "One57 of Assisted Living," and though the location near Billionaires' Row and the exorbitant price points (rooms are expected to start at $20,000 a month, not covered by insurance) back up that claim, the team behind the project describes the building's design as being inspired "by classic Park Avenue apartment houses." The Wall Street Journal brings the first official rendering of the 15-story structure that will rise at the northeast corner of East 56th Street and Lexington Avenue, replacing a T.G.I. Friday’s restaurant to offer assisted-living and memory-care services to wealthy Manhattanites. Designed by SLCE Architects, it will feature private apartments, some of which will have terraces. "This is a place where these people can be reminded of things in their past, potentially by the design of the building and by the location of the building and have a significantly better quality of life," said Thomas DeRosa of co-developer Welltower Inc., clearly referring to nearby Park Avenue dwellers.
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