AUSTIN: An over 50s housing developer is toying with creating a Continuous Care Retirement Community (CCRC) without walls.
The concept involves connecting various parts of the continuum of care within an existing suburban catchment.
The dream of CCRCs without walls is still a work in process. The moniker “Continuous Care Retirement Community” might be better phrased “Concentrated Care Retirement Community” as services still need to be located within a reasonable distance to make a CCRC without walls a viable alternative, no matter how sophisticated the technology component is to the service delivery.
This concentration of service and product will become more important as the costs for individual transportation will continue to rise at varying levels and the need for assistance in providing care becomes more expensive. These cost considerations present long-term challenges to the CCRC without walls concept, which puts a premium on provider proximity to these area services. Developers and operators that can create these communities (CCRC or locally, geographically concentrated) will be setting themselves up for opportunities for long-term occupancy success…