Charlotte seems like a region attracting a flood of new millennial residents, but there’s also a slew of new senior housing communities being built in and around the city.
Jay Seymoure, general manager of Trilogy Lake Norman, said in a recent interview that construction at the development northwest of Charlotte is going well. The 1,600-house community, being developed by Shea Homes northwest of Charlotte, recently held its grand opening.
“We’re starting to see our first closings,” said Seymoure, adding that the company is selling three to four houses a week. “Our level of sales has exceeded what we thought it would be.”
Other age-restricted senior housing developments underway near Charlotte include 722-house Carolina Orchards in Fort Mill, S.C., 850-house Cresswind Charlotte in Mint Hill and 800-house Tree Tops in Indian Land, S.C.
At Trilogy, near N.C. 16 in Denver, N.C., houses start at $266,500. The community is part of the “active lifestyle” trend in retirement living. Seymoure said construction on an amenity center should start within a month, and the amenity center will be complete next summer. About two-thirds of those buying are from the Carolinas, Seymoure said, with about half of that group coming from the immediate Charlotte area.
About 80 houses are under construction now, a level Seymoure said he expects to remain steady for the foreseeable future. One factor that could prevent a major speed-up of construction: Seymour said the supply of skilled “labor is constrained” because of the region’s building boom.
“We’ve had people turn down work,” said Seymoure.