When Mary Flournoy, now 67, retired from her job as a librarian in , she was hardly ready to move to a retirement home and spend the rest of her days in a rocking chair. Since then, the concept has exploded. Currently, there are more than villages in nearly 40 states. Some of these villages cover single neighborhoods, like East Falls Village in Philadelphia. And village membership appears to be growing.
This is how boomers are reinventing retirement living - MarketWatch
Today's high-tech society has provided seniors with a number of ways to improve their livelihood. Social media allows seniors to keep in touch with family and friends. They can use smartphones to video chat with loved ones who lead busy lives thousands of miles away. Seniors can also access important information like how to find senior housing options simply with the use of a computer and the internet. If you are an active senior who wants to live at home but within a connected group of other seniors in your area, this might be the perfect solution.
This is how boomers are reinventing retirement living
Louise Rausa, 72, lived in world-class cities including Paris and New York, and she spent part of her adulthood in co-housing communities in the western United States where residents shared a kitchen, garden and outdoor space. So when it was time to retire, there was little chance that a sedate retirement community would make a suitable destination for the active, now-single Rausa, who shares her knowledge of cuisine in workshops for neighbors and regularly hosts her grandchildren. A little over two years ago, the former registered nurse opted for an apartment in North Hollywood, Calif. In true Angelino style, Rausa owns a car and parks it on site, but she can walk around her high-density neighborhood or take mass transit.
Active adult communities with a range of unit types, flexible common spaces and a range of services or convenience offerings are finding appeal among prospective residents. The age-restricted and rental active adult sectors are seeing a surge of interest from prospective residents and investors alike. KTGY has recently worked with companies targeting active adult projects, including Avenida.