Do Seniors Prefer Downtown?

July 10, 2014 at 7:53 pm Leave a comment

An interesting item from the 7/9/14 Plots & Ploys segment of the Wall Street Journal’s Property Report:

Will seniors want to live in a bustling downtown rather than the far-flung suburbs? A Colorado senior-housing developer and owner is betting on it.

Balfour Senior Living intends to finish construction later this year of a 205-unit senior facility in downtown Denver. Costing an estimated $77 million, the Balfour at Riverfront Park complex sits on the edge of Denver’s Commons Park and just blocks from the metro area’s redeveloped, $488 million Union Station mass-transit center.

Michael Schonbrun, chief executive of closely held Balfour, believes seniors will prefer the proximity to downtown amenities. Balfour’s other complexes, like most across the U.S., are in suburban locations.

“For people who like to be independent and to walk to a large variety of cultural, dining and sports venues, a location in the center of a vibrant downtown is hard to beat,” Mr. Schonbrun said.

Advertisements

Entry filed under: Housing Trends. Tags: , , .

Saying Yes to the Dress – and the Tutu – for a Good Cause Rent a Family?

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Trackback this post  |  Subscribe to the comments via RSS Feed


Calendar

July 2014
S M T W T F S
« Jun   Aug »
 12345
6789101112
13141516171819
20212223242526
2728293031  

Most Recent Posts


%d bloggers like this: