Stonewall Audubon Circle Concept Remains Strong
By Jeff Adolph
LGBT Retirement Communities
Stonewall Audubon Circle, a LGBT retirement community planned for the Fenway area is still going ahead but work is anticipated to be delayed due to the current real estate market climate.
Stonewall and Abbot Real Estate Development, the developers of the retirement concept announced that they have decided to put the project on hold and the groundbreaking ceremony that was to be in spring of 2008 will be set for a later date.
'As the companies stated in a recent letter, 'the approved development is so unique, we want to ensure that market conditions are optimal when it is reintroduced. In an urban, high-end market such as Boston, a fully amenitized, luxury property like Stonewall Audubon Circle will be a success when timed correctly.'
'We own the property and interest in the concept remains strong. With the additional factors of the gay and lesbian community’s stake in the project and a cooperative form of ownership, we believe that when market conditions are right Stonewall Audubon Circle will be a very successful project.'
Unofficially, the U.S real estate market is expected to gradually pick-up in the closing stages of 2008 and then make a steady come back over the proceeding years.
Boston Real Estate Facts: There are approximately over 50,000 LGBT's living in Boston with the city ranked as having the 10th highest gay population in the nation, of these some 6.2% reside in the metropolitan area. The median house price for Massachusetts hovers around the $350K mark. -- Wikipedia and The Boston Globe
Article Source: Jacobs, E (2008) Stonewall Audubon Circle Groundbreaking on Hold; available on-line at http://www.baywindows.com
Article Image Source: http://www.stonewallcommunities.com
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LGBT Retirement Communities are the right home and place for lesbians and gays, as many retirees are being discriminated against in the society. In LGBT Retirement Communities you are ableto create a sense of community with people of the same lifestyle and interests.
Posted by: Jhazline Lachey | April 23, 2008 at 07:23 PM