Baby Boomers Usher in New Style of Retirement Communities

A new wave of retirees is less fascinated in big “retiree” housing developments. They want more custom made housing solutions that in shape their energetic way of living.

ENGLEWOOD CLIFFS, N.J. – Significant retirement communities are becoming challenged by a new wave of retirees displaying less interest in sprawling housing developments created for them. In its place, today’s retirees want custom made housing solutions that in shape their energetic way of living.

The strategy of retirement communities isn’t disappearing, but it’s shifting in style and design and spot, CNBC studies. For example, just prior to the pandemic, more retirement communities were being popping up in close proximity to university campuses so that seniors could carry on lifelong understanding.

Why universities bank on senior housing

Retirees want to sustain energetic life. “In some instances, you’ll have a way of living director who acts like a concierge, who will coordinate unique things to do within just the unique clubs inside of the group. … Men and women are seeking a new adventure for a stage in their life,” says Jane Marie O’Connor of fifty five+, a advisor business that is effective with builders and developers on senior housing and life. “Retirees are no lengthier relegated to southern weather conditions. They want a group where they can be energetic between like-minded peers.”

They are also wanting more customization than a conventional cookie-cutter retirement group. “Over the very last six months, we’ve witnessed an emphasis on outdoor room,” O’Connor says.

Communities that cater to this more energetic retirement way of living are also supporting seniors combat loneliness – “the most significant risk to our resident’s wellness,” Amy Schectman, president and CEO of 2LifeCommunities, which serves about one,five hundred seniors in the Boston area, says. “Our answer to isolation is group. Our people want the combination of privateness when they want and the group at their doorstep.”

Supply: “The New Retirement Residing: More Child Boomers Shun Housing Mega-Developments,” CNBC (Sept. 21, 2020)