GREENSBORO, N.C. -- As baby boomers age, there is a growing need for assisting living and retirement services across the country. That’s why several retirement communities here in the Triad are planning major expansions.
Arbor Acres Retirement Community in Winston-Salem announced plans for a $10 million expansion project last year.
Now, Abbotswood at Irving Park Senior Living Community is also expanding. Their parent company, Kisco Senior Living, has purchased seven acres around their Greensboro campus to build 22 independent living cottages and a new care community.
“Both our assisted living as well as our independent living are currently occupied. The addition of the cottages and the care community, we have the potential to add nearly 80 people to the campus,” said Allison Pait, executive director at Abbotswood at Irving Park.
Pait says local retirement services are thriving for a couple reasons. People are moving to Greensboro to be near family, and the retirement population is growing.
Well-Spring Retirement Community in Greensboro has seen the same trend.
“We have 390 residents currently living at Well-Spring. Depending on the unit type, there is a waiting list,” said Stephen Fleming, Well-Spring president.
That’s why Fleming says they’ve broken ground on a project to add 22 new villas, or single-family homes, to the community. Fleming hopes the villas will be ready by the end of the year.
“8,000 baby boomers are turning 65 every day. Obviously we have a large demographic, or cohort coming at us,” said Fleming.
Since many retirees cannot afford to live in retirement communities, Well-Spring has also expanded their home care services to the whole Greensboro community. The company has also launched a new medication management program.
“We have grown exponentially over the last 16 months. Quite frankly, we're having difficulty meeting the demand due to trying to find enough quality staff,” said Fleming.
Thanks to baby boomers and a longer life expectancy, experts expect demand for aging services to continue growing.