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Aging in luxury: $20,000-a-month senior living on the horizon

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Manhattan is about to become a testing ground for what could be the next luxury real estate boom . Well, maybe mini-boom, considering the rather narrow target group : frail urban seniors with fat bank accounts . Developers are spending hundreds of millions on high-end assisted- living apartment projects , one on the Upper East Side and one in Midtown, and aiming for more in the area and across the U.S. The bet is that there are sufficient numbers of the affluent and aging in big cities who won't want to leave their neighborhoods, even as they suffer cognitive decline . It is, of course, a rather small group of any age or mental ability that can handle the monthly rents these kinds of places will command. They'll start at $12,000 at the complex that Maplewood Senior Living and Omega Healthcare Investors Inc. are putting up on Second Avenue and 93rd Street. Some will top more than $20,000 at the building Welltower Inc. and Hines are about to break ground for on the corner of ...

Manhattan Gets $20,000-a-Month Homes for New Breed of Seniors

(Bloomberg)—Manhattan is about to become a testing ground for what could be the next luxury real estate boom . Well, maybe mini-boom, considering the rather narrow target group : frail urban seniors with fat bank accounts . Developers are spending hundreds of millions on high-end assisted- living apartment projects , one on the Upper East Side and one in Midtown, and aiming for more in the area and across the U.S. The bet is that there are sufficient numbers of the affluent and aging in big cities who won’t want to leave their neighborhoods, even as they suffer cognitive decline . It is, of course, a rather small group of any age or mental ability that can handle the monthly rents these kinds of places will command. They’ll start at $12,000 at the complex that Maplewood Senior Living and Omega Healthcare Investors Inc. are putting up on Second Avenue and 93rd Street. Some will top more than $20,000 at the building Welltower Inc. and Hines are about to break ground for o...

10 Best Airbnb Vacation Rentals In Lexington, KY On A Budget!

1. Breck and Linda’s 1910 home The house is located in Downtown Lexington. It is a prime location where you can access restaurants, pubs and bars, University of Kentucky, Transylvania University, Legacy Trails and much more! You’ll also find that Breck and Linda are very helpful and will give you proper directions to anyplace you want to visit. The 2 bedrooms and 1 bathroom are on the second floor to which the guests have complete access. You can also use the kitchen if you want to cook your own food. Breck and Linda also offers their basement which has a bar and a TV. You can also enjoy their covered patio which has a grill and a fireplace. All the basic amenities are provided by the hosts and checking in is a smooth procedure. Breck and Linda are very friendly and enjoy interacting with people. They also have 2 cute dogs who are just as hospitable as their adoptive family! Breck and Linda’s 1910 home Price : from 45 USD Number of Guests : 4 Book Now See similar vacation rentals in ...

The Summer of Love Turns 50

San Francisco is celebrating the Summer of Love’s 50th anniversary. Most of the celebrants are probably dead and buried by now, especially its high priests like Allen Ginsburg who passed into Eternity in the dingy East Village , Timothy Leary, Jerry Garcia, Emmet Grogan of the Diggers (remember them). In truth, there hasn’t been much of a to-do about the historic occasion. Today’s “with it” residents of the Bay Area live in the moment. Vintage refers to their last but one smart phone; antique is their pre-updated software from Microsoft. The “Summer Of Love” – if they can recognize the name at all – belongs to the Neolithic Age or whenever it was that the skies were filled with flying dinosaurs instead of Amazon delivery drones . Only the De Young Museum has done its civic duty in bowing to the past. A mile away from the Haight-Ashby, they have organized a nostalgic exhibition that features the vivid psychedelic posters from Bill Graham’s Fillmore Ballroom concerts and the accoutre...