By Megan Moser
The Manhattan City Commission on Tuesday approved issuing industrial revenue bonds to help finance a $32 million senior living community with an assisted living facility and independent-living cottages.
The developer, Cedarhurst of Manhattan Real Estate, is proposing a two-phase project with a 90-unit, 75,000-square-foot assisted living and memory care community in the first phase, and 22 independent living cottages in the second.
Cedarhurst, which would also be the name of the community, is asking the city government for sales tax exemption on construction materials through industrial revenue bonds. They said the site requires some improvements, including water main extension and sanitary main extension, developer Nick Dwyer said.
