Club at Briarcliff Manor gets state health OK
Monday, June 1 2009
State Health Department officials have approved a private developer's continuing care retirement community that could open by 2013 in the village of Briarcliff Manor.
The Club at Briarcliff Manor, an approximately $300-million luxury development that will provide health care to residents on a fee-for-service basis, is the 14th continuing care retirement community authorized in New York, according to a spokesman for the developer, Integrated Development Group, based in Northbrook, Ill. IDG's joint-venture partner in the Westchester project is the National Electrical Benefit Fund, a Washington, D.C.- based pension fund with more than $10 billion in assets.
IDG was founded in 2006 by Matthew K. Phillips, company president and CEO and a former executive at Classic Residence by Hyatt, one of two previous developers that deemed too costly and dropped the retirement community project on the historic Briarcliff Manor property. Phillips called the state's authorization "a major step forward for our project."
