The Real Deal Miami

Homebuilders target active Baby Boomers

South Florida sees increase in 55-and-over communities

March 10, 2014 12:45PM

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Valencia Reserve

Valencia Reserve

Major homebuilders are increasingly pushing South Florida projects that cater to Baby Boomers who seek retirement communities offering a more active lifestyle.

Builders like GL Homes, Ansca Homes and K. Hovnanian are constructing or planning adult developments with larger homes and more amenities than existing communities, the Sun-Sentinel reported. Communities like GL’s Valencia Reserve in Boynton Beach have single-family residences ranging in price from $400,000 to $700,000. Amenities include large clubhouses with game rooms, gyms and restaurants and various athletic facilities like tennis, handball and bocce courts.

Ansca is currently selling single-family homes for active seniors at Villagio Reserve in Delray Beach. Also in Delray, K. Hovnanian sold out a 55-and-over community called Four Seasons at Delray Beach.

Palm Beach County’s 55-and-over population is forecasted to rise 43 percent to about 658,000 between 2012 and 2040. Broward County is expected to have a 44 percent increase to 692,000 55-and-over residents during the same span. [Sun-Sentinel]Eric Kalis

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