New York City ranks among top retirement destinations: survey

Millennials want bigger homes than boomers do

TRD NATIONAL /
Dec.December 22, 2018 12:00 PM

Welltower and Hines are developing a pair of senior-living facilities in Midtown and on the Upper West Side

The city that never sleeps may not be a bad place to hang things up.

New York City ranked No. 4 among the top destinations where Americans want to live when they retire, according to a new survey.

Provision Living, which operates senior-living communities, asked 2,000 people about their dream retirement.

Miami, with its warm weather and sunshine, was the No. 1 choice for future retirees. San Diego and Denver came in No. 2 and No. 3, respectively.

The average size of the ideal retirement home measured 1,635 square feet, with millennials preferring larger homes than baby boomers do.

In New York City, meanwhile, investors are increasingly looking to deliver luxury homes for seniors. Welltower and Hines are planning their second senior-living facility in the city on the Upper West Side. And the Related Companies is planning to build $3 billion worth of luxury apartments for seniors across the country. [Provision Living] — Rich Bockmann


Related Articles

arrow_forward_ios
Brokerage firms are strategizing ways to make up losses after the cost of application fees was capped at $20. (Credit: iStock)

Brokerages on rental application fee cap: “It hurts”

Alex Rodriguez (Photos by Guerin Blask)

A-Rod is coming for NYC and SoFla real estate

There will be 70 agents based at the new office (Credit: iStock)

Compass opens Long Island City office as new-development sales surge

The Daily Digest - Tuesday

New life for Toys “R” Us, Masa Son is “embarrassed” with the Vision Fund: Daily digest

Nooklyn CEO Harley Courts (Credit: iStock)

Brokerage slashes agent commissions, delays payments after rent law change

The Daily Digest - Tuesday

NYC apartment prices hit 4-year low, Pacific Park developers reveal new plans: Daily digest

LeBron wanted it and California’s governor signed it. What the college athlete compensation law means to real estate

Racial inequality in homeownership across US is sharpest in New York: report

arrow_forward_ios