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In February 2006, developers Thomas Rich and Louis R. Cappelli proposed Park Tower, a 37-story condominium tower that would stand 425 feet. The glass structure, [2] designed by Costas Kondylis and Lessard Design Inc., [3] would be built on 0.5 acres (0.20 ha) [2] at the southeast corner of Broad Street and Washington Boulevard in Stamford, Connecticut. [3]
Age-qualified communities, also known as 55+ communities, active adult communities, lifestyle communities, or retirement communities, are often planned communities that offer homes and community features that are attractive to 55+ adults. These might include a clubhouse or lifestyle center with a good many activities, sometimes with indoor and ...
The tower was originally planned to consist of 486 apartments, but will now instead contain only 368 apartments and 55 condos. This change was announced in July 2017 when the developer decided to convert 118 apartments into 55 condos due to a slowing demand for luxury housing in Boston .
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Currently, there are over 3 million lesbian, gay, bisexual, and transgender persons over the age of 65 in the United States, and this number is estimated to rise to 4 million by the year 2020. LGBT elders face many additional issues concerning their future retirement plans and their choice of a retirement residence.
In real estate, a condominium conversion or condo conversion is the process of entitling an income property or other lands currently held under one title to convert from sole ownership of the entire property (which often already is a multi unit property) into individually sold units as condominiums. Such entitlement is generally derived from ...
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