Nottingham retirement complex lures seniors with resort style appeal
The Nottingham in Jamesville offers maid service dining and indoor pool to attract elderly tenants. Despite a $22 million build with 220 units, rents from 1200 to over 2000 dollars, the building remains more than half empty after two years. Oxford Development Corp along with New England Mutual Life Insurance and Loretto Geriatric Center face slow occupancy as market research underscored seniors preferring home closeness and Florida.
MENTIONED IN THIS ARTICLE
Nottingham
Jamesville
Nottingham Road
Muriel Belknap
Oxford Development Corp
Bethesda
Oxford
New England Mutual Life Insurance Co
Loretto Geriatric Center
Thomas Moore
East Side Manor
E. Genesee St
Fayetteville
Florida
Belknap
Syracuse
Volta
Voita
Nottingham rents deter seniors from moving in Syracuse area
The Nottingham’s high rents frustrate some residents and social leaders while offering services like 24 hour medical alert, on site nurse care, and free appliance repairs. Oxford’s bankruptcy and delayed occupancy press on the project as it shifts to attract frail seniors and consider life care options.
MENTIONED IN THIS ARTICLE
Ut the
Nottingham
Nancy Calhoun
The
Syracuse Housing Authority
Steve Volta
Volta
Onondaga County
U.S. Census Bureau
New York
Westminister Village
Skaneateles
Brandon Woods
Manlius
Green Lakes State Park
McHarrie Towne
Baldwinsville
Muriel Belknap
FBV
Westmoreland Avenue
Syracuse
Maryland
Muriel
Belknap
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Tingham
Merrill Lynch
Philip Padgett
Hal Barney
Actuarial
Holicany
Deland
Fla
Barney
U.S