In a recent government meeting, discussions centered around a new high-end rental development aimed at residents with substantial incomes, typically ranging from $75,000 to $100,000. The project is designed primarily for individuals looking to downsize while remaining in their community, with a focus on those aged 55 and older. However, the developers noted a shift in interest towards younger couples and professionals, particularly during the COVID-19 pandemic, indicating a broader appeal than initially anticipated.

The development will not include basements, and residents will manage their own waste collection, potentially hiring third-party services for garbage and recycling. The construction timeline is ambitious, with plans to break ground by summer or fall of next year, depending on market conditions. The entire project may be completed in one phase, although there is a possibility of splitting it into two phases if necessary.

Rental prices for the units are projected to range from $2,000 for one-bedroom apartments to between $2,200 and $2,500 for two-bedroom units, with sizes varying from 1,200 to 1,400 square feet. The developers emphasized that this project is not intended as a conventional affordable rental option but rather as a choice for those seeking a premium living experience.