Retirement communities have long been Sun Belt developments filled with golf carts and “early-bird” specials. But real estate developers are finding that today’s boomers have different ideas about their retirement homes.
“Today, people do not want a geezer ghetto,” said Margaret Wylde, president of ProMatura Group, a market research firm in Oxford, Miss., “Buyers want an active environment with walking trails and easy access to amenities outside the community.”
Buyers are also increasingly choosing to stay near their hometowns, rather than retire to warmer climates, so they can be closer to their families and health care providers. Del-Webb has built a number of age restrictive neighborhoods in the Boston, Chicago, Cleveland, and Detroit areas. Read more »