At one time people looking for retirement options thought about a place in the country or a suburban retirement village. But for the boomer generation, priorities are changing. According to a recent story in the Wall Street Journal large numbers are seeking condominium or apartment developments in some of the upcoming, hippest, lively and dynamic neighborhoods.
Hip urban neighborhoods are aging, as a growing chunk of adults in their 50s and 60s and older give up their longtime homes and head for trendy condos. The invasion of older, moneyed buyers has “created a gold rush” in some of these areas, says Dean Jones of Realogics Sotheby’s International Realty in Seattle. Mr. Jones’s firm sold 34 condominium penthouses and luxury town homes for more than $1 million in downtown Seattle neighborhoods between March and October of 2012—a large percentage to baby boomers. It was a 40% increase over the same period a year earlier. (More on this article here. )
Today’s retirees are looking for much more active later lives than their parents led. As such they are attracted to neighborhoods that offer some of the newest restaurants, shops, entertainment, groceries, health and workout facilities all within a short walk.
Both sites we are looking at fit this trend. North Mississippi is bustling and the N. Williams/Vancouver couplet is exploding with housing, restaurants, pubs all radiating out from the new New Seasons grocery. We are no way looking at million dollar condos, but we do like the buzz in the hood.
The look and feel of cohousing developments are as varied as are the sites they occupy. Some are located on rural acreage and may consist of stand-alone houses around a common space. Others are more urban trying to fit into a more dense setting. Take a look at the variety of cohousing projects.
Common house, great house – people call them different things. But, whatever the name, they act as a center of social activity in a cohousing project. They serve as a space for joint meals, meetings, parties, concerts, movies, workshops, exercise classes and celebrations.
Designs vary greatly. They can be designed as multipurpose rooms with dividers for multiple simultaneous activities. Spaces for relaxation and conversation are provided.
A design workshop during the planning process will allow us tailor the design of the common house to our needs.
Other common facilities may include toy storage (kayaks, canoes, bicycles), repair shop, gardens, patios, outdoor dining space, spa, sauna.
At this point in the process we are trying to locate a suitable site so that various design criteria can be applied. Is 15 units the right number? It really depends on the site and the type of structures that we settle on. Maybe 10 units would suffice. And if we go to 10 units maybe they can be standalone or attached dwelling units, rather than stacked flats. Usually a developer will opt for the choice that yields maximum rental space or purchasable units. But in our case we want to make sure the units offer privacy while assuring community interaction. Typical buildable parcels available here are in the 30,000 sq ft category. Zoning will limit height of structures. So if you reserved 10,000 sq ft for common areas, that leaves 20,000 net sq ft for building footprint. You could build ten 2,000 sq ft homes. Or if one does 2-story units with “master-on-main” (master bedroom on main floor) you could conceivably build more. Lots of fun ahead as we figure this out.