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The developer will acquire and repair affordable housing for seniors in the Bay Ridge neighborhood of Brooklyn.

Expanding on last month's Section 8 Conversion plan of 62,000 units, the New York City Housing Authority will also launch three new capital improvement programs, “Build to Preserve,” “Transfer to Preserve” and “Fix to Preserve.”

Today, the bank opened its first branch location at 865-875 Providence Highway in Dedham. The firm also is offering a sneak peek of its new branch at 425 Washington St. at the corner of Washington and Winter streets in Downtown Boston that will open for business next month.

The partners say the redevelopment plan calls for the office plaza to be converted to medical and “creative” office space that would support lifestyle uses, such as senior housing. Upon completion the project will be called “The Well at Sunset.”

The company also announced plans to establish new sites in Seattle, San Diego and Culver City and expand in cities across the United States including Pittsburgh, New York and Boulder, Colorado over the next three years.

“Westmount is bullish on the Midwest industrial market,” says Clifford Booth, president and CEO of Westmount. “We're actively seeking value-add and opportunistic investments in select markets across the US.”