United States:
Baby Boomers Continue To Push The Trends In Senior Living
31 October 2017
Lowndes, Drosdick, Doster, Kantor & Reed, P.A.
To print this article, all you need is to be registered or login on Mondaq.com.
Baby Boomers spent more money in life on leisure activities than
previous generations, and will therefore demand the types of
lifestyle they have experienced. Restful rooms with Wi-Fi
connections, expresso bars and cafes with healthy wraps are
examples. Consequently, leasing space to vendors in the senior
facility itself or on outparcels in urban locations might make
sense. It's no longer enough to have a hair salon / barber shop
available. Rehabilitation rooms need to look more—and operate
as well–like the local Y workout rooms. And speaker and
entertainment programs are likely to be more popular if they are
patterned on the cruise ship model. All of this for a generation
which has probably saved less for retirement than their
parents' generation.
A challenge indeed.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
POPULAR ARTICLES ON: Real Estate and Construction from United States
Exiting Commercial Real Estate Joint Ventures
KI Legal
Exiting a commercial real estate joint venture can be a complex process that requires careful planning and execution. Exiting a joint venture requires a thorough understanding...
Beyond Closing: The Power Of A Gap Indemnity
Dickinson Wright PLLC
In a typical real estate transaction, there's often a critical period between the closing and the official recording of documents—a period aptly known as the "gap."
5 Trends To Watch: 2024 Florida Real Estate
Greenberg Traurig, LLP
Following last year's implementation of Florida's Live Local Act, which aims to increase the supply of affordable housing statewide, we expect to see developers look to take advantage ...
Beware Of Bogus Construction Back Charges
The Cromeens Law Firm
Recently, I have had several cases where my clients were being assessed large back charges on commercial projects. Only to find out, after a little digging, the evidence relating...