What's Happening?
Two Gen X couples, the Falks and the Coopermans, are transitioning to a new phase in their lives by moving into a mixed-use development called Edge-on-Hudson in Sleepy Hollow, New York. As empty nesters,
they sought homes that are accessible and located in vibrant communities without leaving the suburbs. The development offers densely built homes with shared amenities like parks and pools, fostering a community-oriented environment. The Falks and Coopermans, both in their mid-to-late 50s, are not ready to retire but are looking for homes that are easier to maintain and age in. Their new townhomes, priced starting at $1.6 million, provide enough space to host family while being close to the Hudson River and a walkable town.
Why It's Important?
This move reflects a broader trend among Gen Xers and boomers who are seeking to 'right-size' rather than downsize, aiming for homes that fit their lifestyle needs without compromising on space or community engagement. The development's focus on community and accessibility highlights a shift in housing preferences, where older adults prioritize social interaction and convenience. This trend could influence real estate markets, particularly in suburban areas, as developers cater to the needs of aging populations who are not ready for retirement communities but desire a vibrant living environment.
What's Next?
The Edge-on-Hudson development is still under construction, with plans to include nearly 1,200 townhomes, condos, and apartments, along with amenities like a park, grocery store, and hotel. As construction progresses, more Gen X and boomer couples may be attracted to this lifestyle, potentially increasing demand for similar developments. The Falks and Coopermans are currently living in rental apartments within the development until their townhomes are completed, and they are already engaging with the community and making new friends.
Beyond the Headlines
The decision to move into a community-focused development may have deeper implications for social dynamics among older adults. As these communities grow, they could foster stronger social networks and support systems, reducing isolation and enhancing quality of life. This model of living could also influence urban planning and development strategies, emphasizing the importance of community and accessibility in housing projects.
