The Watermark at Brooklyn Heights

A luxury senior housing community is coming to Brooklyn Heights at 21 Clark Street. Built in 1928 as the Leverich Towers Hotel (famous for hosting the Brooklyn Dodgers when they were in town for home games), the 16-story building was bought by the Jehovah's Witnesses in 1975 and used as a residence hall for about 1,000 local volunteers. The current project is being co-developed by Watermark Retirement Communities and Kayne Anderson Real Estate, who bought the building from the Witnesses for $200 million in 2017 and poured an additional $130 million into renovations across the 310,000 square-foot property. The revamped residences are on schedule to open in March with units starting at $10,000 a month, according to Commercial Observer.
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