One Eighty retirement community to be built in San Miguel
By Antonio De Jesús Aguado
One Eighty, the second-largest retirement housing developer in the US, plans to develop a center for retirees in San Miguel de Allende. The investment will be US$40 million, which will help reactivate the construction industry and could generate 350 permanent jobs.
In April, Mayor Mauricio Trejo Pureco traveled to Seattle, Washington, where the company is based, and held several meetings with representatives from One Eighty. Since its beginnings in 1976 the company has developed communities that look and function more like resorts or cruise ships than like traditional retirement communities, and their trained personnel come from the hospitality industry: resorts, hotels, restaurants, travel agencies, tour companies and gyms.
Mayor Trejo said that this month representatives from One Eighty will visit the city to sign the legal documents to begin construction of the retirement center and it could be constructed on municipal land in a central location. The complex will include 400 units for retirees, who on average are over 60 years of age. Building could begin by October of this year and would be finished in 16 months. The services of the company are targeted to American citizens with financial resources, who according to Trejo, will not come to San Miguel to spend the last days of their lives, but rather to start living.
One Eighty has several developments in Seattle, Phoenix, and Albuquerque in the US as well as facilities in India and Mexico, and plans to move into Canada. Trejo explained that according to One Eighty, their clients make reservations two years in advance, depending on where they want to go, and every six months they travel to a One Eighty facility in a different city, which means that every year there would two different groups of retirees in residence.
Trejo said that the expat and Mexican communities are happy to hear about this investment in the city, which will improve the local economy not just through the development itself but through visits by the retirees’ families, who will require accommodations, food and transportation. Indirectly, the facility could also lend support to the real estate market.