Memory Centers, Improved Lives, Developers Match Changing Real Estate
Watch the news, read the papers, read a Fort Lauderdale real estate blog or website, or just take a walk along Las Olas Boulevard, Fort Lauderdale Beach, or Flagler Village, and the signs are clear. From Fort Lauderdale to Pompano Beach to Wilton Manors and Oakland Park, Broward County is in the midst of change. The team at the Gary Lanham Group at Coldwell Banker Fort Lauderdale Beach Office see what’s going on. Thousands of new residents are moving in, long-time locals are moving east from the suburbs, and communities are growing, evolving, and changing. Millennials looking for the sun life...and older residents? Concerned about their futures, some are looking for memory-care-friendly homes.
Developers and builders - and the Realtors they work with - are working hard to stay a step ahead of an increasingly dynamic marketplace. But what does all this change look like? As we’ll see, from memory centers and memory care, to residences in communities that serve varied needs, homes are evolving.
You know if you watch the population demographics. We know hundreds of thousands are moving to Florida every year - and thousands of those are moving to Greater Fort Lauderdale. Millennials are launching their careers, and moving east to live, work and play.
Another 10,000 Americans - better known as Baby Boomers - each day are turning 62. They’re not far behind their younger counterparts. They’re moving east to enjoy the life only downtown or beachfront living can bring.
What are those retirees looking for? Those who already lived here are looking to downsize their homes, reduce their hassle factor, eliminate ongoing expenses like lawn care or pool service, and live it up on the east side. Retirees heading south from New York, New Jersey, Connecticut, or even the Midwest, want the climate that Florida brings. Face it, it’s nice down here.
But it’s nice on their retirement portfolio, too. With no state income tax (the local business development team calls it “Life Less Taxing”), in a place where milder winters mean lighter clothes as you have more fun along the beach, it’s no wonder more than 20 million people call Florida home.
DEVELOPERS CHANGING FOR REAL ESTATE NEEDS
Developers haven’t missed the change. Builders and those who create the new rental communities taking shape along the county’s east are watching - and catering to - this dynamic market. They’re seeing how vast this population is, and the issues they face.
I’m a baby boomer myself. Life is good and I and many of my peers are physically fit and spry of mind. But the fears are there: decreased agility, the inability to navigate larger accommodations, and memory loss. This scare isn’t far from our thoughts. Not being able to recognize what once was common or familiar is a frightening proposition.
Developers know this. They’re building community housing projects with what’s called “memory centers.” Some work with consulting firms or universities leading the critical clinical research into Alzheimer’s disease and other forms of dementia to learn what best serves the needs of this unique, yet fast-growing community.
With memory care in mind, these developers are tapping into the researchers and resources that are working to curb memory loss. Their goal also is to make life easier for those individuals and their families forced to deal with memory loss on a daily basis. It’s a tough struggle. Anything that helps these residents improve their lives not only serves a vital community need. They’re tapping into an important need.
There’s a project along Las Olas Boulevard, along with countless others around greater Fort Lauderdale and around South Florida, that is taking the time to work with this community. They’re addressing these concerns. Kudos to all of them for tackling these issues and delivering a development in dire need as society faces up to the age issue we’re all dealing with - or will as we age.
CHANGE AS WE AGE
And we all will age. As we do, we’ll install in our homes or seek in new rental apartments, condominiums, or our next residence such accessories as grab bars in the bathroom, or no-slip strips in the shower, or ramps, smaller steps, or other amenities designed to make life more comfortable.
We all know that greater Fort Lauderdale is a dynamic real estate market. As we see these construction cranes piercing the skyline, we know that they’re building luxury apartments, residential condominiums, and all the developments, these developments now are incorporating residences for our aging senior population.
As baby boomers, we know the issues these families face. We’re what’s called the “sandwich generation.” Many of us are both parents and children and helping both navigate their lives. At the Gary Lanham Group at Coldwell Banker Fort Lauderdale Beach Office, we’re part of that generation. We serve its members, guide the boomers - and their parents, and their millennial children.
The Gary Lanham Group at Coldwell Banker Fort Lauderdale Beach Office are experts in sales and luxury rentals. From Las Olas Isles to Lake Ridge to Wilton Manors, and throughout Greater Fort Lauderdale and Boca Raton, we’re your trusted Realtor for whatever your needs may be - or wherever life may take you and your aging family.
Gary Lanham Group at Coldwell Banker Residential Real Estate is a boutique real estate organization offering sales, leasing, and brokerage services to the Greater Fort Lauderdale area. A listings agent matches home sellers with buyers and tenants with landlords. While Broward County is our universe, we focus on Coral Ridge Country Club, Oakland Park, Wilton Manors, Pompano Beach, and the surrounding areas. Call us today at 954) 695-6518 or visit www.GaryLanhamGroup.com.
WRITTEN BY GARY LANHAM
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