Luxury Housing Developers Turn To Senior-Living Projects
For more crisp and insightful business and economic news, subscribe to The Daily Upside newsletter. It's completely free and we guarantee you'll learn something new every day.
If retirement truly is just a long vacation, then some of the west coast's wealthiest old folks may be gearing up for an extended stay at a luxury resort.
In San Francisco, urban housing developer Related Companies is teaming with Atria Senior Living, a major senior-housing operator, to open a 208-unit project packed with amenities like an outdoor pool, bocce ball courts, and a rooftop terrace. One look at the eye-popping monthly rents – anywhere from $8,000 to $25,000 – threatens to put a prospective resident's Life Alert to good use.
Source Fool.com
