2002 06 21 AGENDA
CHANHASSEN SENIOR COMMISSION
Friday, June 21, 2002
10:00 A.M. TO 11:30 P.M.
CHANHASSEN COUNCIL CHAMBERS
1. Approval of agenda.
2. Congregate Dining & Meals on Wheels.
3. Update on Senior Center Activities.
4. Update on Senior Center Parking during Library Construction.
5. 4th of July Parade.
6. Senior Commission Comments.
Adjournment
* The next Senior Commission meeting will take place on August 16, 2002 at 10:00 a.m.
~U: ~haVmln Al-Jaf~ FROM: Maxfielfl Research, Inc. 0§-06-§2 §9:55am @. 1 of I
REAL ESTATE
RESEARCH CASE STUDIES June, 2002 ~'
Projected Senior Housing Development
Trends Rural Communities
Maxfield
Research's
Insight
Maxfleld Research has over 18 years
of experience In market research.
The expertise we have gained
throughout the years enables us to
offer solutions to the many Issues
Itles & developers face, The
;latlonshlp we develop with our
clients Is a critical component to the
success of our approach to housing
research and allows us to serve as a
source of direction and Information
during development and planning,
Our Involvement In the housing
Industry allows us to support our
clients with valuable Information
regarding regulations and Industry
news that affect planning and
development,
We also have the Insight to
determine viable solutions to the
Issues Inherent to planning for
growth. We provide research for
smart development,
If you do not wish to receive future
newsletters, or if they should be sent to
o/t.hers in your organization, please
ntact Phyllis Austin at 6 ~ 2.904. 7967.
Multlfamlly housing
development In rural
Upper Midwest
cornrhunltles during the
1990s was dominated
by housing built for
older seniors (ages 75
and over). Assisted
living for frail seniors or
congregate housing for
somewhat active
seniors was built for
the first time in many
communities during the
decade. Often, It was
attached to the local nursing home or
hospital. Before assisted living and
congregate housing was available, seniors
typically stayed In their single-family homes
unless they needed care In a nursing home.
More assisted living and congregate
housing could be supported In many rural
communities that have already had these
types of projects built. This is due to a
growing acceptance by seniors of assisted
living and congregate apartments, which
many seniors see as a desirable alternative
to remaining in their homes. However, the
age 75 and over population Is not projected
to increase substantially over this next
decade, as most persons entering their 70s
during this decade ware born during the
Depression Era of the 1930's - the first
generation smaller than the previous one.
Whereas assisted living and congregate
housing was Introduced Into many
communities during the 1990s, this decade
will likely see the Introduction of housing
geared toward older adults and young
seniors - particularly persons in bheir 60s to
mid-70s who are empty-nesters, recent re-
tlraes, or active seniors. The first baby
boomers reached age 55 In 200t. Thus, the
55 to 64 age group is expected to see
strong growth this upcoming decade. Baby
boomers tend to do more traveling and
participate In more activities than previous
generations, and they increasingly prefer
rnalntenance free housing that enables them
to spend more time on activities outside the
home.
Growth of the 60s+ demographic later this
decade will fuel demand for alternative
housing options as many older adults opt to
downsize from single-family homes. In
particular, we foresee the potential this
decade for for-sale townhomes and twin
homes, particularly those built near cultural
and natural arnenltles, such as golf courses
and lakes. Age-reetrlcted condominiums,
cooperatives, and rental housing with no
services will also see increasing demand.
Since 1983, Maxfie/d has been he/ping cities
and rnunicipa/ities throughout the upper
midwest plan to meet their housing needs.
/f you would tike information on how
Maxfle/d can he/p you make your p/ann/ng
decisions, or/fyou would tike to be exc/uded
from future edlt/ons of Maxfax, contact Jay
Thompson at 612.904.7973.
MaxfieLd Research Inc. - 615 First Avenue NE - Suite 400 - MinneapoUs, MN · 55413 - phone 6~2.338.0012 - ~x 612.904.7979