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Abbott Plans 20 Active Adult Communities

BOSTON-The baby boomers are coming and Abbott Real Estate Development plans to be there when they do with 20 active adult communities throughout New England.

By Beverly Ford | Updated on August 16, 2006

(To read more on the multifamily market, click here.)

BOSTON-Locally based Abbott Real Estate Development LLC is gearing up for aging baby boomers with an ambitious plan to build 20 active adult communities throughout New England.

The projects, which are expected to cost a total of $500 million, will put between 1,500 and 2,000 new residential units on the market within the next seven years, all for active adults aged 55 and over.

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