Age-restricted real estate projects usually aren’t priced at the top end of the market. Now, developers are experimenting in the upper ranges, reports Jane Adler in the Chicago Tribune. A case in point: Stonebridge of Lake Bluff, an 85-home development underway in Chicago’s far northern suburbs. Homes will be priced from “the mid-$800,000s to $1.8 million,” Adler reports. Projects like this are showing up in areas where real estate prices already are high. But developers usually prefer to develop high-end real estate for a broader customer target.

Toll Brothers also has an upscale age-restricted housing development underway in the Chicago area. Orange County, California is another hot spot for the trend.

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