Houston developer Canterbury Development has announced plans to break ground on a sixth apartment complex for people ages 55 and up.
Canterbury’s Ivy Point brand currently has communities like these in Kingwood, Cypress, Klein, Richmond and Friendswood. The newest complex, Ivy Point Cinco Ranch, will add to the availability of senior citizen-specific housing in the Houston area.
“With seniors being alone even more during the pandemic, leasing activity has surpassed all projections,” said owner of Canterbury Development Iggy Grillo. “They realize first of all, that this is a fabulous time to sell their home and get top dollar. They also realize even more the benefit of low maintenance living and not having to worry about having strangers in your home to do repairs or even finding the supplies needed. Most importantly, the pandemic has made living at home even more lonely. At our communities, residents enjoy luxurious surroundings and a full slate of social activities as well as time with new friends.”
Additionally, Canterbury says, the firm’s communities eliminate unwanted costs for homeowning senior citizens. Aside from paying monthly rent fees, residents don’t have to worry about paying for things like property taxes, insurance, repairs or ongoing maintenance, the company said.