Case Study: Palm Beach Cabana
Palm Beach Island's motto is "the best of everything". Henry Morrison Flager, the founder of Standard Oil, made this barrier island accessible with a railway line. At the same time, he built two luxury hotels. The wealthy came down in droves, and by 1911, Palm Beach became a winter destination.
After enjoying their vacations, Flager’s rich clientele realized this was a fantastic place to retire. The rest is history: Today, more than 50 percent of Palm Beach’s residents are over retirement age.