Developers are making bets that as baby boomers age demand will soar for ultraluxury senior-housing projects with rents that can exceed $25,000 a month.
A venture of developer Related Cos. and Atria Senior Living, one of the largest U.S. senior-housing operators, earlier this month opened the first of its Coterie line of senior-housing projects in San Francisco’s Cathedral Hill neighborhood. Amenities at the 208-unit project include five dining options, a rooftop terrace, an outdoor pool and a garden with bocce ball courts.
