The Durham News recently reported that PulteGroup has won City Council approval for a new active adult community in Durham County. While the plans are in their early stages, the new Del Webb community has been zoned for 1,314 units. This is great news for active adults in North Carolina’s Raleigh-Durham area, and another step in the right direction for the recovering housing market.
There was a time when East Coast retirees only saw North Carolina as a state to drive through on their way to Florida. Yet over the past decade or so, the Tar Heel State has grown to become a popular retirement destination. The state has a beautiful and diverse climate, friendly beaches and thriving cities.
North Carolina’s Raleigh-Durham area, also known as Research Triangle, is home to high-tech companies, excellent healthcare, respected universities and professional sports teams. Shopping centers, restaurants and entertainment venues are also abundant.
The PulteGroup has already enjoyed success in the area with their Del Webb brand at Carolina Preserve in Cary. This luxurious active adult community (pictured above) boasts a 34,000 square-foot clubhouse, indoor and outdoor swimming pools, a state-of-the-art fitness center, multiple sports courts, hobby and game rooms, and plenty of space for socializing with friends.
Now that Carolina Preserve is reaching completion, the area is likely to see an increased demand for homes in active adult communities. While it may be three or four years before the PulteGroup’s new Del Webb community is ready to sell houses, potential homebuyers can still buy new construction and resale homes in Carolina Preserve and will soon have new construction options at the nearby Four Seasons at Renaissance community by K. Hovnanian.
Located in Durham, Four Seasons at Renaissance is a new age-restricted community which will one day contain 455 single-family and attached homes. Though the recent economy had slowed the community’s development, plans are back underway and new construction homes are now being sold.
Though the housing market has impacted neighborhoods throughout the country, many active adult communities have managed to hold up better than adjacent all-age communities. There are various reasons for this trend, but the most common is that there tend to be less foreclosures in active adult communities. Therefore, the development of new age-restricted communities in the Raleigh-Durham area can be seen as a positive sign for the future market.
While it’s too early to know what amenities and housing the PulteGroup’s new active adult community will contain, the City Council’s approval for zoning, annexation and utilities is a step in the right direction. To stay in the know, check back with 55Places.com for future updates on this and other active adult community developments.
This article originally appeared on 55Places.com. For more articles like this or for information about hundreds of 55+ active adult retirement communities across the country, please visit 55Places.com.
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