FilBen Group and RSF Partners, in collaboration with McAlpine Contracting and H2M Architects + Engineers, have broken ground on a $54 million luxury assisted living residence called Braemar at Montebello in Montebello, New York. This four-level, 200-resident facility will be the third assisted living property in FilBen Group's portfolio. Located on 6.2 acres in the Lower Hudson Valley, the residence offers picturesque views of the surrounding woods and hills. The property's proximity to the Montebello commercial center and Good Samaritan Hospital provides residents with convenient access to various amenities and medical services. The project faces construction and design challenges due to the sloping site, which require phased construction and careful attention to access and site engineering complexities. The development cost includes a $34.8 million construction loan from M&T Bank. The luxury residence is expected to open in 2024, attracting senior residents from Rockland County and the greater New York area.