Waterstone at the Circle Encourages Urban Senior Living
Jana Pijak — April 24, 2018 — Life-Stages
References: clevelandcircledevelopment & curbed
Waterstone at the Circle is a luxury-minded retirement residence that opened its doors in the heart of Boston's Brighton neighbourhood this past January. The residence is home to a number of chic amenities but sets itself apart by promoting its modern design to a demographic whose average age is 82.
“We’ve found that most seniors want to remain in the city. You’re seeing a trend where empty-nesters are downsizing and lots of new product are being built for them. They’ll want additional services when they’re 80," said Michael Gordon, VP of planning development at real estate firm Epoch Senior Living who is behind the project.
Waterstone at the Circle promotes healthy, city living with an indoor pool, spacious units and other features like communal building areas and even a convenient chauffeur service for residents.
Image Credit: Epoch Senior Living
“We’ve found that most seniors want to remain in the city. You’re seeing a trend where empty-nesters are downsizing and lots of new product are being built for them. They’ll want additional services when they’re 80," said Michael Gordon, VP of planning development at real estate firm Epoch Senior Living who is behind the project.
Waterstone at the Circle promotes healthy, city living with an indoor pool, spacious units and other features like communal building areas and even a convenient chauffeur service for residents.
Image Credit: Epoch Senior Living
Trend Themes
1. Luxury Retirement Living in Urban Areas - Develop luxury retirement residences in city centers to appeal to aging urban demographics.
2. Modern Amenities for Senior Living - Incorporate stylish and modern amenities into senior living facilities to attract younger-minded seniors.
3. Convenient Services for Seniors - Offer convenient services, such as chauffeur service, to seniors living in urban areas to improve their standard of living.
Industry Implications
1. Real Estate - Real estate developers can capitalize on the growing demand for luxury senior living in urban areas by building modern and upscale residences.
2. Aging/healthcare - Aging and healthcare industries can benefit from offering specialized services that cater to the unique needs of seniors living in urban areas.
3. Transportation - Transportation companies can expand their business by offering specialized services for seniors, such as chauffeur services, in urban areas.
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