For decades, 70-year-olds in search of age-focused housing in New York were often out of luck. A lack of supply sent them to the suburbs. But now as land prices dip and demand ticks up, developers are adding buildings in prime New York neighborhoods for the post-retirement set.
They're arriving at a difficult time, as the devastation wrought by Covid-19 has made some leery of group living. Yet as the senior population swells, analysts and developers believe the sector is poised to grow, as others seek ways to avoid isolation.
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Tom Sibley for The New York Times
For decades, 70-year-olds in search of age-focused housing in New York were often out of luck. A lack of supply sent them to the suburbs. But now as land prices dip and demand ticks up, developers are adding buildings in prime New York [...]