The NoHo Senior Arts Colony recently opened its doors to artistic seniors in Hollywood, California. This $32 million dollar senior housing center is intended for residents, age 62 and older, with interests in the arts including, singing, acting, writing, and photography. This is the region’s first pairing of housing and a live theater and offers artistically inclined residents the opportunity to live with like-minded people.
The residential portion of the NoHo Senior Arts Colony has 126 units and the theater will have 78 seats and be open to the public when it is completed this year. Other amenities include a visual arts studio, a digital arts center, and a meditation garden. This complex is an exciting opportunity for senior individuals who wish to remain active mentally, physically, and socially. Current residents say that living at NoHo is inspiring, fun, and lively.
With the enormous baby boom generation closing in on retirement, demand for senior housing will undoubtedly grow exponentially in the coming years. While previous generations have often stayed in their own homes, many baby boomers will likely have more substantial mortgages and may be forced to sell their homes in order to afford retirement.
Studies show that baby boomers tend to prefer to retire in more urban settings than previous generations as well. Developers will be challenged to build in cities while keeping prices at a level that is affordable to seniors. Rent at NoHo Senior Arts Colony range from $1,750 to $2,340 per month for one and two bedroom apartments.