Welltower Inc. and Hines recently acquired a 9,100-square-foot site on the Upper West Side of Manhattan in New York.

Design and development plans are currently underway for a 140,000-square-foot, 17-story senior living and memory care community.

The project is a joint venture partnership of Hines, Welltower, and a passive institutional investor.

More details about the project will be announced at a later date. The community will be designed by SLCE Architects LLP.