Sophia Loren once beautifully observed, “There is a fountain of youth: It is your mind, your talents, the creativity you bring to your life and the lives of people you love. When you learn to tap this source, you will truly have defeated age.”
Older Americans seem to be embracing this very message. We aren’t just living longer today—we’re also living better. Between 1983 and 2013, the median net worth of elder households rose from $116,500 to $210,500, according to the federal government’s annual aging survey. In fact, wealthy retirees—those who make 400 percent or more of the poverty threshold—are the largest segment (36 percent) of the elder population.
And althoughretireesmay of course face health challenges,manyare not ready for the intensive—and expensive—care offered by assisted living facilities.
Enter:theTowers at Greenville.
The Towers are luxury apartments built by Pettinaro Residential. Theyofferfully furnished studio and one- or two-bedroom homes for retirees who are ready to relinquish the burdens of home maintenance,but who do not want to sacrificea moment of their vibrant lifestyles.
Pettinaro officials are confident that they’ve struck the right balance between on-demand luxury, safety and care.The Towers provideturnkey service, a concierge staff, secured access, complimentary maintenance, and continental breakfast on weekdays—all of which help eldersto live their fullest lives possible.
Moreover,theTowers offer a more affordable option for independent-minded retirees. While the average assisted living facility can cost $3,500 per month,the homes in the Towers at Greenvillerange from $1,500 to $2,900 per month. Plus, the homescontain in-unit amenities—granite countertops, stainless-steel appliancesand washer-dryers—while each Toweroffers 24-hourfitness centers and an outdoor swimming pool.
Of course, there are three ancient rules of real estate:location, location location.That’s whytheTowersare in Greenville,which ishome to Winterthur, Powdermill Square, Hagley Museum, Valley Garden Park and the Mount Cuba Astronomical Observatory. The Towers themselves are also within walking distance of local shops,and just a shortdrive from exciting downtown Wilmington.
Verino Pettinaro has been at theforefront of Delaware housing and construction since 1965, when he founded his construction company in his garage.Since then he’s been known for, asDelaware Todayproclaimed back in 1994, his “Midas touch.”(And, if surveys are any indication, Pettinaro is again at the vanguard of a national movement:Anywhere from one-third to one-half of America’s elders are interested in downsizingand moving into more urban environments.Real estate analysts saytransactions forsenior housing topped $15 billion in the last quarter of 2016 alone.)
Withaunique combination ofsophisticated housing, full-service staff members and a prime location,the Towers are enablingDelaware retirees to live their best lives. And, in the process, Pettinaro Residential istransformingDelawareans’ expectations of what local housing should, and can, provide its citizens.