Two couples from Generation X, Stephanie and Andrew Falk, along with Judy and Steven Cooperman, are making significant life changes as they transition into a new phase of their lives. Both couples, now empty nesters, are moving towards a more community-oriented lifestyle in a mixed-use development known as Edge-on-Hudson, located in Sleepy Hollow, New York.
This development offers a unique blend of urban accessibility while maintaining a suburban feel. The Falks decided to sell their century-old home in Edgemont, New York, after their three children left for college. While Stephanie envisioned a move back to New York City, Andrew preferred to remain in a location with ample greenery and space. They ultimately compromised on a solution that allows them to enjoy a vibrant community without sacrificing the comforts of suburban life.
During a round of golf in the spring of 2024, the Falks discussed their home search with the Coopermans, who were also seeking a new living arrangement. The Coopermans wanted to downsize from their family home to a more accessible and lower-maintenance residence. With both couples looking to make a change, the partially constructed Edge-on-Hudson development caught their attention.
The development aligns with the needs of both couples. The four-bedroom townhomes provide ample space for family gatherings while being conveniently located near the Hudson River and a walkable town. Notably, the residences feature elevators for the convenience of aging family members. Shared amenities, including a park and swimming pool, promise to enhance social interactions, fostering a strong sense of community.
“I just believe fully in community,” Stephanie stated. “Being stimulated and being around other like-minded people can be really beneficial as you grow older.”
As they approach their mid-to-late 50s, neither couple is ready to retire. Stephanie operates a mindfulness and meditation company called Pause to be Present, while Judy holds a remote administrative management position at a law firm. Their husbands are employed in real estate and law in New York City.
Both couples sold their previous homes for slightly more than the starting price of their new townhomes, which is set at $1.6 million. Importantly, the new homes provide accessibility that will be advantageous as they age.
This trend of “rightsizing” is becoming increasingly common among Gen Xers and baby boomers who are not yet ready for retirement communities but are eager for a change. Judy described this situation as being “itching for the next step.”
The Edge-on-Hudson development is still under construction but is expected to include nearly 1,200 townhomes, condominiums, and apartments, as well as a park, grocery store, and hotel on a site that previously housed a General Motors assembly plant.
In late July, the Falks and the Coopermans moved into temporary rental apartments within the Edge-on-Hudson complex while awaiting the completion of their townhomes. Interestingly, several other couples known to the Coopermans are also considering buying homes in the development.
Both women express excitement about the changes ahead. The Coopermans have sold or donated most of their furniture, which Judy described as a liberating experience. Their social interactions have already increased, with Judy noting that it is now easy to suggest casual outings like walks together.
“People are friendly. People are out a lot,” she reflected. “It’s kind of like going to college when you’re a freshman; everyone wants to meet people.”
As the Falks and the Coopermans settle into their new lives, they are not only redefining their living spaces but also embracing a lifestyle that prioritizes community connection and accessibility.
