Trends shaping senior living development

By Rebecca Rhoades | AZ Big Media

America is aging. According to the U.S. Census Bureau’s National Population Projections, in the next few decades, 1 in every 5 residents will be older than age 65, a number that’s projected to outpace those younger than 18 for the first time in history.

“There are 10,000 people turning 65 every day in our country,” notes Sharon Harper, chairman, CEO and co-founder of Plaza Companies, which develops and manages three retirement communities in Arizona: Vi at Grayhawk and Vi at Silverstone, both in Scottsdale, and Splendido at Rancho Vistoso in Tucson. “By 2050, the senior population will have doubled to 90 million.” More specifically, the number of adults ages 85 and older will nearly quadruple. And as people age, their needs — from housing to wellness — change. To keep up with these ever-shifting lifestyles, senior living communities are also evolving, offering innovative care models, an abundance of amenities and levels of luxury previously unheard of in both independent- and assisted-living environments.

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