On May 2, 2024, Broadview at Purchase College celebrated its grand opening with hundreds in attendance. Constructed on leased land on the campus of the State University of New York – Purchase College, Broadview has 222 independent living apartments and villas, 68 assisted living and memory care suites along with a variety of amenity and social areas. A key attribute of the community is its close proximity to the center of the campus and strong emphasis on multi-generational learning.
The community was financed with approximately $398 million in tax-exempt bonds issued through the Westchester County Local Development Corporation with HJ Sims as sole underwriter.
Broadview welcomed its first residents in mid-December 2023 with new residents moving in at a very rapid pace. As of the grand opening, over 80% of the independent living units were occupied with the more scheduled for the coming months. To date just over $100 million in short-term bonds have been redeemed with entrance fees paid by residents. Based on scheduled move-ins, it is anticipated that the remaining $78 million in short-term bonds will be repaid on July 1, 2024, as occupancy reaches 85%.