Anyone Developed a Retirement Village / Nursing Home?
I came into a ~30-acre piece of property and have been thinking about various things to do with it. After researching my area, the idea of utilizing the land as a retirement village or nursing home has appealed to me.
The reasons I feel this way include:
* The population in my area is aging
* Area retirement villages are at full capacity
* The piece of property is in a district that doesn't have the best school district, so a housing development doesn't seem practical nor desirable.
* The property is unique in that it is secluded / wooded which might appeal as a 'retirement' center.
Obviously it is a huge undertaking and something that I am only in the exploration-phase of research. Does any one have much experience or expertise in this area?
FWIW, the city has ok'd rezoning of the property.