Formation-Shelbourne Senior Living Services
Your Subtitle Text
  


Welcome to the website for Formation-Shelbourne Senior Living Services!


Greenburgh, NY Senior Living Project Breaks Ground

After a long zoning battle, Formation-Shelbourne has broken ground on its assisted living and memory care project in Greenburgh (Scarsdale), New York.

Our press release announcing the ground breaking is below. 

WORK BEGINS ON NEW SENIOR LIVING COMMUNITY ON SITE OF FORMER SPRAINBROOK NURSERY IN GREENBURGH

 

Project to Include 54 Assisted Living, 26 Memory Care Units

 

GREENBURGH, NY (October 1, 2019) -- Formation-Shelbourne Senior Living began site work this week for construction of a new senior living community on the site of the former Sprainbrook Nursery at 448 Underhill Road in the Town of Greenburgh. The project will include 54 assisted living and 26 memory care units in a single three- and four-story 75,000-square-foot building. There will be a mix of studio, one- and two-bedroom units, with some units designated as affordable.

 

The style of the building is designed to fit the local area.  The façade will feature a combination of stone, timber and siding, with tall windows and a peaked residential-style roof.  The building is designed to fit into the contours of the site.  The community will offer a wide-range of amenities including living rooms, dining rooms, library, cafe, theater, hair salon, wellness center and activity rooms.

 

As part of its agreement with the Town, Formation-Shelbourne is placing the main entrance on Sprain Road, is widening Underhill Road at the “S” curve adjacent to the site, is paying for additional sidewalks and is constructing additional water lines to improve fire safety in the neighborhood.  The project will be providing private ambulance service for non-emergency transport to reduce reliance on the local fire department. The four-acre site offers easy access to the Sprain Brook Parkway which has exits just two miles north and one and a half miles south. There is quick access to shopping and other services on nearby Central Avenue (Route 100.) Sunningdale Country Club is a short distance east of the site.

 

The nursery is a local landmark owned by Al and Heidi Krautter, longstanding residents of Greenburgh. Their nursery had been in operation for over seventy years and is now closed in anticipation of the start of the new project.

 

The plan for the senior living community was first presented to the Town in February 2015 and has been approved by both the Planning Board and Conservation Commission. The Zoning Board has approved two variances and the Town Board has issued a Special Permit.

 

Over the last two years, several lawsuits challenging the Town’s approvals have been filed against the developer and the Town by the Greenville Fire District and the Edgemont Community Council (together with the Council of Greenburgh Civic Associations).  Those suits have been dismissed but appeals are still pending. Formation-Shelbourne is confident they will prevail on the lawsuits, and therefore is moving forward with construction to avoid any further delays to the project, and to prevent any further harm to the company and the Krautter family.

 

The project is expected to be ready for occupancy in 2021.

 

About Formation-Shelbourne Senior Living Services

Formation-Shelbourne Senior Living Services is a development and investment firm focused on building private-pay assisted and independent living communities in premium markets across the United States. A full-spectrum development company, since its founding in 2009, Formation-Shelbourne has built or has under construction twelve senior living communities with a total cost of $294 million. Along with capital partners, the firm invests in each of its projects and has partnered with some of the largest and best capitalized financial investors in senior living.    


    








   
Formation Shelbour
ne Senior Living Services combines the development expertise and investment capital of two experienced senior living companies for the development of new senior living communities across the United States.

Formation Shelbourne Senior Living Services is a venture between:

Formation Development Group, LLC and Formation Capital
of Alpharetta (Atlanta), Georgia and

Shelbourne Healthcare Development Group and
Shelbourne Capital
of Wayne (Philadelphia), Pennsylvania

The venture brings together significant investing, development and consulting experience in senior living and other areas of real estate and healthcare. The principals of Formation Shelbourne Senior Living Services have been involved in the development, operations and ownership of over 180 senior living communities and healthcare facilities with an aggregate value of over 2.7 billion dollars. Projects include new development and renovations of assisted living, independent living, Alzheimer's care communities, retirement campuses, hospitals and medical offices.

Formation Development Group, LLC is the development arm of Formation Capital.  Shelbourne Healthcare Development Group LLC is the development subsidiary of Shelbourne Capital.   





 

               

Thanks for your interest!