Luxury Housing Developers Turn To Senior-Living Projects

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If retirement truly is just a long vacation, then some of the west coast's wealthiest old folks may be gearing up for an extended stay at a luxury resort.

In San Francisco, urban housing developer Related Companies is teaming with Atria Senior Living, a major senior-housing operator, to open a 208-unit project packed with amenities like an outdoor pool, bocce ball courts, and a rooftop terrace. One look at the eye-popping monthly rents – anywhere from $8,000 to $25,000 – threatens to put a prospective resident's Life Alert to good use.

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Source Fool.com