May 31, 2013
Transit-Oriented Senior Communities on the Rise
Proximity of senior housing to viable transit options is becoming yet another recent trend in senior housing development. A recent example according to a Senior Housing News report is a $43.8 million senior housing community completed this week in Hollywood, California. The community cites the benefits of its location to transit options as “the key driver in its development–with more on the way.”
California appears to have taken the lead in developing transit-friendly senior living options. The “transit-oriented” Metro@Hollywood community, for instance, is located just 200 yards from the Los Angeles Metro system, connecting Hollywood with downtown LA. Residents can also walk to bus access, a trend that developer Meta Housing Corporation says is a “trend that is gaining momentum in senior housing.”
Vintage Senior Living, a family of retirement homes in Northern and Southern California as well as Washington state, prides itself in its transportation services,featuring schedule transport options with “experienced drivers who really know the area.” The service provides seniors with the option of going “out and about,” and exploring their community.
Conservatory Senior Living offers a slew of transportation options as well. They provide a 21-passenger bus or a luxury full-size car for residents to utilize. They also offer transportation to medical appointments within a 10-mile radius at no additional charge, as well as emergency medical transportation and weekly scheduled transportation at no additional charge.
These developments suggest a larger trend at play within the senior housing industry. The number of retired Americans is growing at a rapid clip, and seniors are now enjoying longer, healthier lives. Additionally, the vast array of options in senior housing allows residents to customize their living experience with a way that they prefer to live. In conjunction, these factors allow them to become more discriminate in their living selection. Transportation services are just another feature becoming more important to offer, as seniors are raising their expectations on ways to transition into a comfortable retirement lifestyle similar to the one they experienced in their younger years.
Like many other improvements in the senior housing industry, transportation offerings will force competing developments to provide similar services or else risk losing out.
Transit-oriented communities also greatly benefit a city’s economy at large. According to Meta Housing President John Huskey:
“Transit-oriented development continues to emerge as a smart growth solution for urban cities throughout the U.S. by strategically placing our properties in pedestrian-friendly neighborhoods and utilizing public metro and bus systems, we have identified a viable and environmental solution to many of the traffic and parking issues which are typical in an urban neighborhood.”
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