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
(iStock)

Manhattan co-op sales prices saw 11% drop in Q2

Manhattan co-op sales prices saw 11% drop in Q2
(iStock)

Manhattan vacancy hits new peak; Brooklyn stable

Manhattan vacancy hits new peak; Brooklyn stable
200 Water Street and 31 Prospect Park West (Google Maps)

Brooklyn’s luxury deal totals rise for 3rd straight week

Brooklyn’s luxury deal totals rise for 3rd straight week
Metro areas with less affordable housing drive high-income buyers to eye homes in lower-income neighborhoods at disproportionate rates (iStock)

TRD Insights: Gentrification happening fastest in least affordable cities

TRD Insights: Gentrification happening fastest in least affordable cities
Gov. Andrew Cuomo has given the go-ahead to reopen schools for in-person learning statewide (Getty; iStock)

School’s back on. Will the NYC resi market follow suit?

School’s back on. Will the NYC resi market follow suit?
New York’s real estate market is becoming two different stories: Manhattan, where deals are falling — and the suburbs, where demand is spiking. (iStock, Unsplash)

Manhattan is cold, the suburbs and Brooklyn are hot: Here’s what the resi market looked like in July

Manhattan is cold, the suburbs and Brooklyn are hot: Here’s what the resi market looked like in July
Home sale price declines are expected for July, after a recent bump, according to a CoreLogic report. (iStock)

Home sale prices got a bump, but a drop is coming: Report

Home sale prices got a bump, but a drop is coming: Report
(Images courtesy of Victor Group)

The Getty condo chops prices up to 53%

The Getty condo chops prices up to 53%
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...