When Rita and Craig Christensen decided that it was time to downsize, they didn't sell their single-family home and use the money to buy into a seniors housing facility or purchase a condo. They instead chose to rent in a new apartment development in downtown Wheaton, Illinois, a western suburb of Chicago.
The Christensens, who are about seven years from retiring, don't plan on moving from their apartment unit once they leave the workforce. There are too many things to do in their new neighborhood.
The couple's apartment sits a three-block walk from a train that connects to downtown Chicago. It's across the street from Wheaton's public library. A wine bar is a block away, as are shops and restaurants. There's even a farmers market every Saturday morning that the couple can see as they stand on their balcony.
"We really take advantage of what is going on downtown," Rita Christensen says. "This will be our first summer living here. It really is an ideal location. There's even a miniature-golf course across the street that my grandson likes."
The Virtues of Apartments for Retirees
The Christensens aren't alone. Urban apartment living is a real option for seniors who want to ditch their snow shovels and lawnmowers when they retire and take advantage of all that cities can offer. These retirees may want to be able to walk to the movies, or take public transportation to evening dinners without having to drive busy suburban roads.
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