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December 28, 2008
By Lawrence Iliff
Dallas Morning News

With 75 million American baby boomers heading toward retirement and the cost of private nursing care in the U. S. outstripping hammered retirement funds, Mexican developers say they have an irresistible product in the works: active senior and assisted- living facilities in a warm climate full of friendly people for as little as $1,100 a month.

Some developers are shifting their traditional condo and townhouse developments midstream to include assisted- living wings focused, in part, on Americans who want modern facilities with quality services at reasonable prices.

There are already an estimated 1.2 million retired Americans and Canadians in Mexico.

“This is not going to be a niche market; this is going to be an entire industry,” said Eduardo Alvarado, chief executive officer of La Moreleja, a residential development in San Luis Potosi, a colonial city in northern Mexico that also sports Wal- Mart, Home Depot and many other businesses familiar to Americans.

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