RIVERDALE, NY – RiverSpring Living officially broke ground on River’s Edge, a transformative new senior living community that will become New York City’s first and only Life Plot Community. Located on RiverSpring Living’s expansive 32-acre campus along the Hudson River and just minutes from Manhattan, River’s Edge will offer a world-class, luxury living experience designed for adults age 62 and older.
River’s Edge is sponsored by RiverSpring Living, a nonprofit organization with more than a century of service to older adults. Its legacy includes the internationally recognized Hebrew Home at Riverdale, a leader in skilled nursing, rehabilitation, and memory care.
“This groundbreaking represents more than the start of construction—it is the realization of a bold vision for how older adults can live with independence and vibrancy,” said Jeffrey S. Maurer, Chairman of the RiverSpring Living Board of Trustees. “River’s Edge is the next chapter in our 100+ year legacy of meeting the evolving expectations of seniors while ensuring security for the future.”
River’s Edge will feature high-end apartment residences paired with resort-style amenities, making an unparalleled lifestyle that blends elegance, convenience, and vibrant community living. As a Life Plot Community, River’s Edge will provide residents with peace of mind and long-term financial security through a continuum of care that evolves with their needs.
“River’s Edge will redefine aging in New York City, offering a dynamic, engaging lifestyle in a setting that is both luxurious and deeply supportive as health needs change,” said David V. Pomeranz, President & CEO of RiverSpring Living.
Occupancy is expected in December 2028, marking a significant milestone in expanding innovative housing options for older adults in New York City.
Designed to foster connection, wellness, and lifelong enrichment, River’s Edge will include thoughtfully curated amenities, perfectly designed residences, and access to the full spectrum of care services that have defined RiverSpring Living’s reputation for excellence.
RiverSpring Living enlisted Chicago-based Integrated Development II (ID2) as its development consultant, Perkins Eastman as its architecture firm, and Consigli Construction as its construction manager and general contractor. Ziegler, a specialty investment bank, and HJ Sims, a market leader in senior living financing, recently announced the successful closing of River’s Edge, with the largest senior living tax-exempt bond transaction, providing $632,925,000 in financing for River’s Edge.

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RALEIGH, NC – Preiss, a leading national student housing and multifamily owner, developer, and operator, in partnership with boutique real estate investment and development firm FD Stonewater, announced its latest residential developments: Signature at Varsity in Raleigh, North Carolina, and Signature on Grand in Knoxville, Tennessee. Both properties are slated for delivery in Fall 2027, bringing a combined 1,207 beds of high-end, purpose-built student housing to two of the nation’s most prominent university markets.
Signature at Varsity | Raleigh, NC: Located at 1400 Crest Road, Signature at Varsity boasts an unmatched, flagship location directly across from NC State’s Greek Village. This 679-bed development is designed to be the premier residential hub for the university’s Greek Life and student leaders, offering a blend of high-energy social spaces and wellness-focused amenities just steps from campus. Residents will delight in a rooftop pool and poolside jumbotron, a two-tale fitness center, and expansive courtyard spaces. Additional highlights include a putting green, collaborative lounge spaces, and a first-in-the-market Lenovo Esports gaming lounge.
Signature on Grand | Knoxville, TN: Signature on Grand, located at 1727 Grand Avenue, offers an off-campus residential retreat nestled in the Fort Sanders neighborhood. The 528-bed development provides students with simple access to the University of Tennessee Knoxville (UTK), while offering welcome relief from the frequently congested Cumberland Avenue corridor. Its unmatched location will allow residents to delight in a neighborhood setting without sacrificing accessibility to campus. The property will feature a courtyard pool with poolside jumbotron, a two-tale fitness center, and outdoor TV lounge areas. To support an active and balanced student lifestyle, the community will also feature dedicated study spaces as well as a bike and e-scooter storage facility.
Elevated, Tech-Forward Living: Both Signature properties are thoughtfully designed for the modern student, offering a wide range of options including studio, 1-, 2-, 3-, 4-, and 5-bedroom floor plans. Every unit comes fully furnished with a premium furniture package and elevated finishes, such as hardwood-style flooring throughout, granite countertops, stainless steel appliances, and LED vanities. Select floor plans at both locations will also feature private patios or balconies, walk-in closets, and glass shower enclosures.
The living experience is bolstered by a tech-forward smart-home infrastructure designed for both convenience and sustainability. Residents will benefit from mobile-wallet integrated smart locks that allow for seamless, keyless entry to both individual units and bedrooms. This high-tech experience is further supported by smart thermostats and direct fiber-to-unit internet connectivity delivering ultra-quick speeds of up to 1 Gbps.
Beyond the individual units, the communities support eco-conscious living through advanced leak detection systems and on-site EV charging stations. Community areas will be further enhanced by innovative partnerships, including Living Plant Walls powered by Miravel and Intelligent Vending powered by Tulu, providing residents with on-demand access to household essentials and equipment rentals.
“As a company rooted in Raleigh, we are especially proud to deepen our presence near NC State while simultaneously expanding our footprint at UT Knoxville,” said Jeff Bartholomew, Executive Vice President of Development and Construction Services at Preiss. “Raleigh and Knoxville are two of the most dynamic university markets in the country, and we believe Signature at Varsity and Signature on Grand will meet the growing demand for premier, walkable, and tech-forward off campus housing options.”

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CHARLOTTE, NC – Ginkgo Residential announced that it has bought Edgewater Village, a multifamily community located in Greensboro, North Carolina. The acquisition further expands Ginkgo s presence in the Carolinas and marks a significant milestone for the company, which now exceeds 10,000 workforce housing units managed across North and South Carolina.
Strategically positioned in one of North Carolina s established growth corridors, Edgewater Village offers a compelling opportunity to preserve and enhance attainable housing through Ginkgo s proven value-add platform. The company plans to invest in unit interior upgrades, community enhancements, operational efficiencies, and sustainability-focused improvements designed to elevate the resident experience while maintaining affordability.
We continue to see attractive opportunities in the Carolinas where strong demographics and limited affordable housing supply support long-term demand, said Eric Stamp, CFO at Ginkgo REIT.
Surpassing 10,000 units is an vital milestone for our team, and Edgewater Village reflects the type of disciplined investment opportunity we believe can drive long-term growth, said Bill Green, Co-CEO and Principal of Ginkgo Residential.
To help fuel its expanding acquisition pipeline, Ginkgo recently launched Ginkgo GP Fund II, a closed-end investment vehicle seeded with Edgewater Village. The fund completed its first closing in April 2026, with the next closing expected in Fall 2026.
The Investment was anchored by Banyan Street Real Estate Funds, LLC ( BSREF ) together with high-net-worth investors investing in a side-car capacity.
Ginkgo Residential is a leading provider of attainable, eco-friendly apartment communities across North and South Carolina. The firm specializes in acquiring, renovating, and managing high-quality housing while maintaining affordability.

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