What happens when the cowboy rides away? He goes to retire in style at a new facility planned in Nashville, Tennessee. In one of the most targeted Senior Housing niche’s yet, Nashville music industry leaders announced plans for an upscale "senior living" facility for those who have made music their career. To be called the Crescendo at Westhaven and located about 30 minutes south of Nashville in Williamson County, the 180-unit compound is projected for groundbreaking in 2011 and occupancy in 2013. The $95 million project will be owned and supervised by the Crescendo Music Community Fund, a nonprofit organization made up of music industry and community officials, and is to be financed through tax-exempt revenue bonds.
Tenants will be required to pay an up-front residency fee in the $300,000-$600,000 range, plus pay a monthly service fee typically associated with CCRC facilities and have a refundable portion of that fee. In addition to living quarters, the Crescendo will also have a recording studio and performance spaces for all the jam sessions and artistic creativity seniors will have in retirement. Although designed for music industry retirees, the facility will be open to anyone who is at least 62 years old meaning that they’ll take your money regardless of your ability to play steel guitar.