Hot Properties — 12 August 2016
Hot Property: Sinai Residences of Boca Raton

By Robyn A. Friedman

PRIME Magazine

Sinai Residences of Boca Raton, a $265 million senior living community on the campus of the Jewish Federation of South Palm Beach County, has officially opened for business.

The continuing care retirement community features 234 independent-living apartments, 48 assisted-living units, 60 skilled-nursing suites and 24 private memory-care suites. All of the independent-living units are currently under contract, and more than 95 percent of those units are occupied.

The Jewish Federation had been contemplating what to do with a 22-acre site on its campus since 2007, says Wesley E. Finch, chairman of the Board of Managers governing Sinai Residences. “There was a study performed in 2005 that said that 60 percent of the Jewish population was over 60 years old in South Florida,” he says. “That was really the beginning of this concept that we need to provide something so that people can age gracefully and with proper care. It looks like we got it right.”

More than 90 percent of the residents originally lived within 10 miles of Sinai Residences, Finch says.

Although Sinai Residences looks like a hotel, it offers a full continuum of care for its residents. Seniors can go from living on their own in the independent living apartments to assisted living to skilled nursing or even memory care, if they need it. Plus, with its location on the Federation campus in Boca Raton, it offers residents a full gamut of activities — “everything from counseling to entertainment and the infrastructure of a living, breathing community,” says Matthew C. Levin, president and chief executive officer of the Jewish Federation of South Palm Beach County.

The project offers residents amenities and services similar to those in a luxury condominium, including multiple dining options, on-site entertainment, exercise classes, art classes, holiday celebrations, a spa and fitness center and resort-style pool.

Prices range from $435,000 to over $1 million, depending on the size of the particular unit, but up to 95 percent of that entrance fee is paid to the resident’s heirs upon his or her death. Monthly fees start at $3,100 for a single person to $4,300 for a couple.  The project is non-denominational.

Finch says that Sinai Residences differs from other luxury senior housing communities in South Florida because it’s financially secure. “Some CCRCs did not fare well financially in the downturn,” he says. “But we are backed by the Jewish Federation of South Palm Beach County — a terrific brand. That gives people a lot of comfort.”

Sinai Residences, 561-221-1102 or visit sinairesidences.com. 

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