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NEW YORK CITY—Anticipating and fulfilling a demographic need, Triangle Equities and GTIS Partners have closed on an $80 million joint venture of luxury housing for the 55-and-over age group. The 80 townhome development called Kensington Estates is at 38 Plainview Rd. in Woodbury, NY.

The project will total 170,000 square feet and include a clubhouse, fireplace lounge, an outdoor pool and veranda, a tennis court, an indoor fitness center, billiard room and event space. It will be situated on 18 acres of landscaped grounds with a lake area. 

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Betsy Kim

Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.

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