Tuesday, July 25, 2006

Senior Housing - A Hot Issue

For years, Gables residents have lamented the lack of senior housing facilities in Coral Gables. After listening to complaints for more than a decade, the city's Development Department made a controversial decision to convert valuable city property in the pedestrian district to a large senior living project. After requesting bids, only one developer offered a proposal. This is a bad sign.

Now that developer wants to change the specifications in order to make the project more profitible. Changing the specs requires putting the project out for re-bidding again.

Ironically, the need for the city to involve itself in senior housing has been abated now that Sunrise Senior Living is coming to town with a spectacular new project offering first class amenities and equity ownership for Gables seniors.

According to the Miami Herald, the new Paladin in Coral Gables on Ponce de Leon Boulevard will offer upscale amenities and a complete range of services for seniors. The company is offering these "Condos For Life" to those age 62 and better.

For more information, visit the Sunrise Senior Living web site for the Paladin or call Director of Sales and Marketing Patricia Jacobs at 305-774-1010.

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