I don’t care if you have plans, cancel them.
When: Friday June 26th, 7:30ish (Tonight!)
Where: Fitzgerald’s 1928 http://www.fitzgeralds1928.com
13 Herman Street (off Bloomfield Ave)
Glen Ridge, NJ 07028
Google Maps Link
For drivers, this is right off exit 148 on the Parkway.
For those looking for mass transit, Fitzgeralds is 2 blocks away from the Glen Ridge Station on the Montclair Boonton Line.
From the Press of Atlantic City:
Linda Telli needed some convincing when her husband, Ron, first suggested uprooting their lives in Bergen County to retire at the Four Seasons at Historic Smithville, an age-restricted community in Galloway Township.
While Ron liked the idea of being around people their age, Linda preferred being closer to New York City and their family. A lower cost of living in Atlantic County, however, became a major selling point. The couple bought property at the Four Seasons nearly four years ago.
“Our taxes are down about $1,500 to $2,000,” said Ron, 67.
As for Linda, “Living here is like camp for adults,” said the 60-year-old.
The popularity of adult retirement communities with the baby boomer set has grown through much of the decade, although modestly.
But housing market expert Jeffrey Otteau says boomers may not be so quick to flood those communities now – at least not in New Jersey.
For one, retirees here are choosing to move to lower-cost states, leaving a glut of age-restricted housing in the Garden State equivalent to a 16-year supply, said Otteau, president of Otteau Valuation Group, a real estate research and appraisal firm in East Brunswick.
Legislation now is moving through Trenton that would allow developers to petition municipalities to remove age restrictions on already approved projects, instead favoring more affordable housing.
Otteau added that because of the economic meltdown, seniors may decide to save money by simply “aging in place.” So instead of retiring to an age-restricted community, they’ll retire in their current home.
The building of age-restricted housing, however, still is appealing to many towns: Seniors contribute to the local tax base without increasing school enrollment.