The Future of South Florida Senior Housing Developments

The Future of South Florida Senior Housing Developments

South Florida continues to be one of the most desirable places to retire in the country. With its gorgeous weather, world-class recreation, exclusive dining, spas, and shopping, it’s understandable why this part of the Sunshine State is a dream retirement destination. With several members of the Baby Boomer generation entering their golden years, area retirement living communities are already in demand. Here is more on the future of South Florida senior housing developments:

Lake Worth Senior Housing is on the Horizon

Although the real estate market had a brief pause in March, the senior housing market appears to be moving again in South Florida. In June, it was reported that a company tied to

Resort Lifestyle Communities obtained a $35.7 million construction loan for a senior housing rental complex to be built near Lake Worth. The Palomino Gardens Retirement Community at 9885 Palomino Drive will be three stories tall with 128 units. The plan for the community is for it to be an all-inclusive, 55-plus senior living facility.

Belmont Village Senior Living in Coral Gables

Belmont Senior Living, a Houston-based developer, owner, and manager of high-end senior living communities, is partnering with non-profit healthcare provider Baptist Health South Florida to offer Belmont Village Coral Gables.

Just steps away from the Shops at Merrick Park, this 10-story, 232-unit community will have 18,388 square feet of ground-floor retail space. Belmont Village will offer a wellness center on its ground floor. The facility will have residential and assisted living and memory care. Residents will be able to enjoy a pedestrian path and courtyard, dine in several restaurants, and enjoy the beauty salon and sports lounge as well as several other amenities.  Construction is scheduled to begin in the fall and finish by spring 2022.  Belmont Village’s second project for the region, a 204-unit Fort Lauderdale project, is planned to open in the next few weeks.

In June, Tuscan Gardens Delray Beach opened its doors to new residents. This 55 and up community offers independent living, assisted living, enhanced assisted living, respite, and memory care. The facility also has multiple high-end amenities, restaurants, and wellness offerings.

Palm Beach Gardens will welcome a 469-single family home community for those over 55 when luxury real estate developers Toll Brothers complete construction on Regency at Avenir. The 140-acre community will feature high-end living options and world-class amenities.

South Florida’s population has quickly expanded over the last few years, and retirees have been part of the recent population growth. With the popularity of communities such as the Town of Palm Beach, the demand for senior living communities is likely to continue into the foreseeable future.

At Rabideau Klein, we have extensive experience handling real estate matters in the Town of Palm Beach. David E. Klein Esq. and Guy Rabideau, Esq. are Florida Bar Board-Certified Real Estate Attorneys with the experience you need to evaluate your Palm Beach County real estate purchase.  Contact Rabideau Klein today to discuss your real estate legal needs.

 

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