01/24/2024
Hey Raleigh people. Remember the cute little apartments on Oberlin Rd that were affordable for seniors and have since been razed and a new community has gone up? Well that new senior living community, The Flats on Bicton are for the high and mighty. Here's a snippet from TBJ writer, Kayli Thompson today...
Senior living homes with a price tag topping $10,000 a month are coming to the Budleigh East development in Raleigh’s Oberlin neighborhood.
Williams Realty & Building Company and Liberty Senior Living filed site plans for The Flats on Bicton, 24 2-bedroom units that will be available to residents age 62 and up. The residential units will be on the northeastern portion of the site, adjacent to Hayes Barton Place, an upscale senior living community.
The flats will be available in two sizes — 1,890 square feet and 2,034 square feet — and monthly fees are estimated to be around $13,000, according to a disclosure statement submitted to the North Carolina Department of Insurance. Thad Moore, development director with Liberty Senior Living, confirmed the $13,000 monthly fee per unit.
That's $156,000 per year!!! My brain exploded... I live in a totally different reality.