ARTICLE
31 October 2017

Baby Boomers Continue To Push The Trends In Senior Living

LD
Lowndes, Drosdick, Doster, Kantor & Reed

Contributor

The firm’s original four partners were engaged primarily in a burgeoning real estate practice. While our real estate practice and deep-rooted involvement in that industry remains an integral component of the firm, we have grown alongside the dynamic needs of our clients and community at large. Today, the firm’s lawyers advise clients on almost every aspect of business: from copyrights and trademarks to high-stakes, high-profile litigation; from complex commercial and residential real estate issues to wealth management; from labor and employment law to healthcare; from capital raising and entity formation to corporate growth and expansion locally, nationally and internationally.
Baby Boomers spent more money in life on leisure activities than previous generations, and will therefore demand the types of lifestyle they have experienced.
United States Real Estate and Construction

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.

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