Dive deeper!Use our Advanced Search
Second floor bedrooms? A basketball court with a jungle gym? No clubhouse?
The retirement community of the future may have some features that surprise you, according to developers interviewed recently by The New York Times. It may also be missing some features you've growth to expect. The changes are intended to attract Baby Boomers who are clearly not looking to spend their retirement the way their parents did.
"Some 55 and older are still working and want office space," says Tim Touhey, president of the New Jersey Builders Association. "Some may have adult children living at home. They want more variety and choice. And the development community is driven by what the market wants."
Listening to the market seems to be working. Luther Gueyikian, president of New Jersey-based Byron-Hill Homebuilders, is building 7 new houses in his newest adult community, the first new homes there since 2007. He plans to add 210 homes over the next few years. But that kind of success hasn't come without some adjustments by Gueyikian and other builders. These include: