HOUSING: New Homes for Old Folks

On a rolling 120 acres outside Buffalo last week, engineers started planning the construction of a $12.5 million apartment hotel and a cluster of small cottages, to be called Rockledge. It will have a pitch-and-putt golf course, lawn bowling, shuffleboard, roof garden, sun deck and an infirmary offering 24-hr, medical service. What sets Rockledge apart from other hotel projects is that it is designed to house only retired people—at a profit. Prices will start at $8,000 to buy a living room-bedroom apartment, plus a $112.50-per-person monthly charge for meals and maintenance....

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