Balfour plans Denver complex for upscale seniors wanting urban living

March 25, 2013

Denver Post

Most people think of downtown residents as young professionals seeking to be close to the action, but one developer of senior housing believes the desire for an urban lifestyle cuts across age groups.
Louisville-based Balfour Senior Living is building a $74 million community in Denver’s Riverfront Park, catering to upscale seniors who want to live in an urban setting.
The development at 15th and Little Raven streets will feature two buildings — one of them five stories, the other three stories — which will be attached to the old Moffat train depot, a historic structure that will be renovated and serve as the community room for the complex.

Mark Lee Levine, a professor in the Burns School of Real Estate and Construction at the University of Denver, notes that with 8,000 baby boomers turning 65 every day for the next 18 years, the demand for senior housing is clear. But Levine suggests it might be more practical to build communities near outlying shopping centers, with access to facilities that seniors use