The Northwest Valley has several age-restricted retirement communities within a five-mile radius, though some might think there is no market for senior retirement communities.
The statistics paint a different picture, according to officials from new and existing retirement communities.
Fellowship Square Surprise is a new facility in the planning stages near Loop 303 and Bell Road. Its marketing and feasibility study was conducted by public accounting firm CliftonLarsonAllen and it concluded that currently high occupancy levels in stabilized retirement facilities, compared with the strong age and income qualified demographics, indicated very low independent living, assisted living and memory support penetration rates, according to Lori Wilson, Fellowship Square Surprise marketing director.
