Senior Population Set to Double by 2060
The number of renters in their early 60s jumped 84% between 2006 and 2016, and with more seniors living longer lives, this means developers have upped their games for amenities in senior living communities.
ALLEN, TX—There are approximately 47 million senior citizens in the United States and that number is expected to double by 2060. With the rapid increase of seniors comes the increase of renters. In fact, the number of renters in their early 60s jumped 84% between 2006 and 2016.
With more seniors living longer and staying active, expectations for amenities have resulted in developers upping their games in senior living communities. For example, Larkspur at Twin Creeks, an active adult senior living community recently completed by KWA Construction, offers private wine lockers and a private putting green near dining, shopping and outdoor activities.
“With more seniors living longer active lives, their expectations for first-class conveniences that facilitate both mobile and social lifestyles has truly changed the game when it comes to senior housing. We expect Larkspur at Twin Creeks to help set the tone for the new standard of living among Texas seniors,” said KWA Construction president Brian Webster.
The 243-unit active-adult apartment complex is located in the master-planned community of Twin Creeks. The independent living facility occupies 8 acres and offers 18,000 square-feet of amenity space, including a fitness and mind-body center, woodshop and crafts studio, game room and a complimentary shuttle service to and from the Dallas metroplex. Additionally, the community features access to nearby walking trails, a heated saltwater pool, cabana lounge with outdoor grilling units, movie theater, Internet coffee bar, hair and nail salon, and private library.
Larkspur at Twin Creeks provides units ranging in size from 730-square-foot one-bedrooms to 1,280-square-foot two-bedrooms. Each unit has its own balcony, granite countertops, Energy Star stainless steel appliances, full-size washer and dryer connections, wood-style flooring, walk-in closets and built-in pantries.
“Today’s seniors are downsizing and moving to independent living communities that provide them with convenience and access to high-end amenities to cater to their active lifestyles,” Webster tells GlobeSt.com. “Larkspur at Twin Creeks provides the seniors of Allen, TX with state-of-the-art features and a convenient location to meet their every need.”
The development was designed by Architettura of Plano. KWA Construction was selected by California-based Drever Capital Management and Dallas-based The Alder Group to build the 260,000-square-foot four-story building located near McDermott Expressway, a major route through Allen.
Located at Junction Drive and Raintree Circle, the active-adult senior living community sits in close proximity to Allen Premium Outlets, a variety of restaurants and many green spaces, such as Allen Station Park, Waterford Park and Dayspring Nature Preserve.