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....

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!