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Senior housing could start to move to cities
Senior housing could start to move to cities

Urban living doesn't appeal just to the young and hip. Developers of senior housing are starting to test the allure of walkable communities with access to city amenities. Some are including densely populated areas as they scout for new sites, a different approach in a field long dominated by an all-inclusive, cruise ship model, where multi-acre suburban communities make everything available behind their gates. Demographic changes are driving the search, as some developers look for new ways to satisfy the demands of a new crop of cost-conscious seniors, who seek a more independent retirement. And demand for specialized senior housing could be about to rebound strongly after waning...