Posted by Leonard Steinberg on August 6th, 2012

CNN just reported that New York is one of the TOP 10 cities for aging: further proof of why so many empty nesters are moving back to the big city for their ‘nouvelle retirement’. Gone are the days when those over 60 would automatically consider Florida or a small town for their retirement. The lure of the Big Apple provide lots of mental stimulation, forces you to walk lots, an abundance of entertainment, shopping, people and also outstanding healthcare. This bodes extremely well for Manhattan luxury real estate as New York doesn’t only attract these retirees…..it attracts the wealthiest of them. And these people seek high end real estate, surprisingly more Downtown now than ever before. How will buildings address the specific needs of this demographic? Or will the fact that the buildings don’t appear like homes for the aged be their greatest appeal?