With the kids grown up and moving out, many Baby Boomers are making the decision to downsize the nest, and upgrade their lifestyle in downtown dwellings. As part of a national trend, it’s no surprise that The Avenue District is welcoming buyers from this demographic at its luxury 10-story condo building at East 12th Street and St. Clair Avenue, and townhomes at East 15th Street and Rockwell Avenue.
Whether drawn to the downtown lifestyle and walkable neighborhoods, or simply purchasing a second home in the city for investment or personal use, Empty Nesters are quickly becoming a force in downtown living.
In a Feb. 27, 2008 article on FoxBusiness.com, Kyle Ezell, author of “Retire Downtown: The Lifestyle Destination for Active Retirees and Empty Nesters,” was quoted on the topic. The article states:
“The number of Americans over age 50 is expected to triple in the next 10 years. That increase means a larger retired population in most U.S. cities, as today’s 50-and-over crowd seeks convenience and close proximity to health care and entertainment, according to CityRetirement.com”
“There is a growing percentage of empty-nesters who have lived in the suburbs all their lives and are ready for the action they’ve been craving,” said Ezell. “It’s a niche market for those ready for fun and entertainment.”
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Monday, March 24, 2008
Empty Nesters Filling Downtown Spaces
