According to the National Association of Home Builders (NAHB), the 55-plus housing market is showing continued growth as baby boomers age, with a projected 66 million Americans expected to be over the age of 65 by 2025. That means smaller, more appropriately sized homes in communities and neighborhoods with amenities aimed at this group, are on the upswing. And in the master-planned community of Summerlin®, developer The Howard Hughes Corporation® is responding to this trend via a growing number of active adult neighborhoods, including its two newest, that combined, offer two dozen unique floorplans.
Set on elevated terrain at the base of a dramatic ridgeline in The Cliffs, Regency by Toll Brothers offers all single-story homes in nine unique floorplans ranging from 1,665 to 2,428 square feet and priced from the mid-$400,000s. Regency homes feature a desert contemporary architectural style to complement the rugged beauty of the area, and they include gourmet kitchens, two bedrooms and up to two-and-one-half bathrooms. Several models include indoor-outdoor living opportunities with covered patios and courtyards, and ample flex spaces create opportunities for home personalization to suit individual lifestyles.
Regency’s resort-style amenities include a community clubhouse spanning more than 16,000 square feet with an indoor lap pool and outdoor resort-style pools; tennis, pickle ball and bocce ball courts, game rooms and an onsite lifestyle director who will schedule classes and plan social gatherings and outings.
Shea Homes brought its Trilogy® active lifestyle concept to Summerlin last year. At Trilogy, attached homes, which share common walls with neighboring homes, offer 13 different floorplans featuring both single- and two-story living, priced from the high $400,000s. All homes are designed to encourage entertaining with reduced maintenance, while the community’s activities, events, concerts, classes, and clubs offer many opportunities to enjoy life and maintain an active, healthy lifestyle full of fun and socialization.
According to Danielle Bisterfeldt, VP-Marketing, Summerlin, keeping pace with Baby Boomers is the focus of many homebuilders who, today, are designing and building homes for this active generation.
“Single-level living is the top preference for boomers but with enough space for visiting family members and entertaining friends,” said Bisterfeldt. “Older homeowners are selling their large homes in favor of energy-efficient, right-sized homes, often in walkable communities with a wealth of opportunities for activities and social engagement. Regardless of age, downsizing 55-plus buyers do their research. They know what they want, and they don’t want to settle for less.”
In addition to replacing yards with living patios for outdoor living and adding decorative landscaping or optional flower beds to accommodate gardening enthusiasts, other popular home features include home offices to accommodate those who are transitioning from a 9-to-5 job or enjoying a part-time second career; tech and media centers with top-of-the-line systems, including wireless home networks, remote control lighting and security features; better lighting and bigger windows to enhance natural light; first-floor bedrooms and bathrooms; and flex space to allow customization such as turning a guest bedroom into a hobby room or library.
The master-planned community of Summerlin® currently offers nearly 180 floorplans in 40 neighborhoods in nine distinct villages. Homes are available in a variety of styles – from single-family homes to townhomes, priced from the $230,000s to more than $1 million. For more information, visit Summerlin.com. For information on all actively selling neighborhoods, visit Summerlin.com.
PHOTO CAPTION: Trilogy by Shea Homes recently opened its new clubhouse for the exclusive use of residents. At Trilogy, attached homes, which share common walls with neighboring homes, offer 13 different floorplans for residents ages 55-plus. Floorplans include both single- and two-story living, priced from the high $400,000s.
Developed by The Howard Hughes Corporation, Summerlin began to take shape in 1990 and has ranked in the country’s top 10 best-selling master-planned communities for nearly two decades. Located along the western rim of the Las Vegas valley, Summerlin encompasses 22,500 acres with approximately 6,000 gross acres still remaining to accommodate future growth, including infrastructure, open space and common areas, all within the master plan. The community is currently home to nearly 100,000 residents who enjoy an unparalleled list of amenities. These include more than 250 neighborhood and village parks, more than 150 completed miles of trails, 26 public and private schools, 14 houses of worship, ten golf courses, shopping centers, medical and cultural facilities, business parks and dozens of actively selling floor plans. Homes are available in a variety of styles – from single-family homes to townhomes– priced from the $300,000s to more than $2.5 million. For information on custom homesites in The Ridges please call 702.255.2500. Luxury apartment homes offer monthly rents starting from the $900s.
About The Howard Hughes Corporation®
The Howard Hughes Corporation owns, manages and develops commercial, residential and mixed-use real estate throughout the U.S. Our properties include master planned communities, operating properties, development opportunities and other unique assets spanning 14 states from New York to Hawai‘i. The Howard Hughes Corporation is traded on the New York Stock Exchange as HHC with major offices in New York, Columbia, MD, Dallas, Houston, Las Vegas and Honolulu. For additional information about HHC, visit www.howardhughes.com, or find us on Facebook, Twitter, Instagram, and LinkedIn.
Safe Harbor Statement
Statements made in this press release that are not historical facts, including statements accompanied by words such as “will,” “believe,” “expect,” “enables,” “realize”, “plan,” “intend,” “assume,” “transform” and other words of similar expression, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management’s expectations, estimates, assumptions, and projections as of the date of this release and are not guarantees of future performance. Actual results may differ materially from those expressed or implied in these statements. Factors that could cause actual results to differ materially are set forth as risk factors in The Howard Hughes Corporation’s filings with the Securities and Exchange Commission, including its Quarterly and Annual Reports. The Howard Hughes Corporation cautions you not to place undue reliance on the forward-looking statements contained in this release. The Howard Hughes Corporation does not undertake any obligation to publicly update or revise any forward-looking statements to reflect future events, information or circumstances that arise after the date of this release.