I suspect that as baby-boomers glut the retirement market without enough income to maintain their standard of living at home, the numbers of US retirees living abroad will skyrocket.

The eighteen story building will contain 250 market rate multifamily residential units, 150 senior affordable multifamily residential units, 19,000 square feet of street level retail and over 600 parking spaces.

Late last month, Bridge Development Partners acquired the 304,428-square-foot complex from Sherm Realty Corp., an affiliate of Weston, FL-based Apotex Corp. for $38 million.