- what are various risks in developing the site for apartments vs. senior living iL/AL?

- what is national development trying to accomplish and housing equipped to pursue its options?

Tom Alperin's firm National Development is an experienced multifamily and commercial developer in the Northeast. It has a strong track record for working on challenging projects, delivering high quality products and generating strong returns for his investors. The firm purchased a well located heavily trafficked site in the wealthy suburb of Wellesley Massachusetts. The team believes that the town of Wellesley would be more accepting to development if the project could help address the senior living needs of the aging resident population as well as satisfy some of the mandated state requirements for affordable housing. They are trying to decide whether to build apartments, their demonstrated expertise, a combination of independent living and assisted living, areas in which they have some experience, or perhaps consider higher acuity facilities