A new real estate niche emerges -- communities for multigenerational residents.
"Del Webb and its rivals are creating synthetic modern versions of the towns and villages where extended families used to live for generations, and in some cases still do. Del Webb launched Anthem, 40 miles north of Phoenix, two years ago, a year after starting an identically named community near Las Vegas. In Arizona, the company says it spent $180 million building facilities such as water slides, a rock-climbing wall and even an elementary school, which is run by the local public-school district. Three churches -- Mormon, Baptist and Lutheran -- have bought sites in Anthem, which could grow to 12,000 homes by 2009, Del Webb says."
Thanks to Chris Steins
FULL STORY: Developers Seek to Lure Retirees With Facilities for Their Children

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