Project Will be Town’s First Independent, Assisted Living/Memory Care Community
FAIR LAWN, N.J. – January 5, 2022 – Trammell Crow Company (TCC), one of the nation’s largest developers and investors in commercial real estate, and its joint venture partner Chelsea Senior Living (“Chelsea”), a leader in senior housing and care, announced plans for a three-story, 93-unit senior living facility in Northern New Jersey known as The Chelsea at Fair Lawn. Construction began earlier in November and is expected to be completed by December 2022.
Located at 16-00 River Road in Fair Lawn, The Chelsea at Fair Lawn will be the town’s first independent, assisted living and memory care community. The facility will include 26 independent living units and 67 assisted living/memory care units. Resident amenities will include 24-hour professional services, three meals per day prepared by an executive chef, weekly housekeeping, laundry service, daily activities, themed parties and events, premium therapy programs, a full-service beauty salon, concierge services, and much more. Independent living residents will have access to underground parking.
“Trammell Crow Company is pleased to partner with Chelsea Senior Living and Valley Bank on our firm’s first senior living community in northern New Jersey,” said Cheri Clarke-Doyle of TCC’s Northeast Metro business unit. “The demand for senior housing, especially in the northeast, has grown significantly. The Chelsea at Fair Lawn will meet the needs of the local senior population that is looking for a high-quality senior living community where they can begin their next chapter.”
Douglas Coleman & Associates is the project architect and IMC is serving as the general contractor. Chelsea Senior Living will manage the new community.
“We are thrilled to collaborate with TCC and Valley Bank to fill an evident need among the senior population,” said Roger Bernier, President and COO of Chelsea Senior Living. “It will be an historic day for Chelsea when this community opens as this will be our first community in Bergen County.”
The Chelsea at Fair Lawn is 20 miles northwest of New York City, situated on the main throughfare in the town of Fair Lawn. Downtown Fair Lawn has benefitted from a revitalization plan to increase in commercial and retail offerings on River Road in recent years. The community is close to various dining and entertainment options and easily accessible to New York City and surrounding metros via the Hawthorne NJ Transit train station. Newark Liberty International Airport is within a 40-minute drive.
This will be Chelsea’s 17th assisted living community in New Jersey. They also have locations in New York in Long Island and Westchester County.
About Trammell Crow Company
Trammell Crow Company (TCC), founded in 1948, is one of the nation’s leading developers and investors in commercial real estate. The Company has developed or acquired 2,800 buildings valued at nearly $70 billion and over 625 million square feet. As of September 30, 2021, TCC had $16.8 billion of projects in process and $9.6 billion in its pipeline. It employs more than 650 professionals in the United States and Europe.
Trammell Crow Company’s teams are dedicated to building value for its clients with professionals in 25 major cities throughout the United States and Europe. The company serves users of and investors in office, industrial, healthcare, multi-family residential, through its operating subsidiary High Street Residential, and mixed-use projects. For those who occupy real estate, TCC can execute the development or acquisition of facilities tailored to meet the needs of its clients. For investor clients, the company specializes in joint venture speculative development, acquisition/re-development ventures, build-to-suit development and providing incentive-based fee development services.
TCC is an independently operated subsidiary of CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, and the world’s largest commercial real estate services and investment firm (in terms of 2020 revenue). For more information visit www.TrammellCrow.com.
About Chelsea Senior Living
For more than 30 years, Chelsea Senior Living has provided premium services and amenities for older adults in New York and New Jersey. Chelsea offers apartments for Assisted Living, Independent Living, and Memory Care with personalized lifestyle and health care services in 21 communities. Each beautiful all-in-one community is unique to its local environment. Chelsea also owns and operates Mt. Bethel Village, a residence for adults with special needs, and Inglemoor Rehabilitation and Care Center. To learn more, visit www.ChelseaSeniorLiving.com.
About Valley National Bank
As the principal subsidiary of Valley National Bancorp, Valley National Bank is a regional bank with approximately $41 billion in assets. Valley is committed to giving people and businesses the power to succeed. Valley operates many accessible branch locations across New Jersey, New York, Florida and Alabama, and is committed to providing the most convenient service, the latest innovations and an experienced and knowledgeable team dedicated to meeting customer needs. Helping communities grow and prosper is the heart of Valley’s corporate citizenship philosophy. Valley National Bank has an experienced and dedicated team of professionals who provide comprehensive lending and cash management solutions across various verticals of the healthcare industry. Valley offers a national long term care financing platform including acquisition loans, Bridge-to-HUD financing, and lines of credit. To learn more about Valley’s Healthcare Financial Services please contact Elizabeth Butler, First Senior Vice President and Director of Healthcare Lending at firstname.lastname@example.org or call 646-564-7810. To learn more about Valley, go to www.valley.com or call our Customer Care Center at 800-522-4100.