Quote:
Originally Posted by Jawnadelphia
Does a well off 70 year old, in good health, who wants to enjoy the city lifestyle and has money to burn, also want to share amenity space with perhaps, 90-95 years olds, perhaps not so much with it anymore mentally, nurses, wheel chairs, etc?
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They can't build these types of communities fast enough in the suburbs to keep up with Boomer demand. A lot of these facilities are amenity laden - their own gyms, restaurants, doctors and nurses on staff, concierge, chauffeur service, laundry service, every room featuring a "help" or "call" button, woodshop, metal shop, trainmaking shop, dance classes, nightly events, etc.
I'm actually surprised we're not seeing MORE of these in the city - seems to be a no-brainer development to me. These are generally well-heeled folks who can afford an amenity laden condo and why not get one in the city with easy airport access for travel, cultural amenities at your doorstep, and hospital access for the inevitable emergency.