Lansdowne IDI Inc. is rethinking age-restricted development for its 42-acre parcel of undeveloped land on the east side of Leisure World.
The developer recently announced the sale of five acres to Retirement Unlimited Inc. of Roanoke, VA, for development of an assisted living facility. The remainder of the parcel on the east, about 37 acres, is subject to “the imminent filing” of a rezoning application. Before the overheated real estate market stalled, that acreage was planned to replicate age-restricted Leisure World’s high-rise model for gracious retirement living.
The property is currently zoned PD-AAAR: housing for people 55 and older such as apartments, condos, townhomes, or single-family. It can include amenities such as a clubhouse with meeting rooms and a theater, food store, pharmacy, library, bank, and other community services.
Lansdowne IDI, the developer of Leisure World, sold the last units in its original five buildings by Jan 1 of this year.
Leisure World rezoning ‘imminent’
