Dec 14, 2015
(HOMESTEAD, FL) Remember your schoolyard days when someone would get their feelings hurt and take their ball home? Turns out those scenarios still play out in the grownup world. Last week, according to a story in the Miami Herald, the Homestead City Council approved a $3.5 million low-interest loan so developer Wayne Rosen could restore the shuttered Keys Gate Country Club. So far, so good. But a few days later, Rosen rejected the loan and said he wasn’t going to fix up the course. He blamed bad publicity, specifically the newspaper, for his change of heart. Rosen didn’t like the way he was portrayed in a story, which pointed out the funds allocated for the low-interest loan were coming from dollars normally allocated to help poorer parts of the community recover. An angry Rosen told a reporter, “I’m out of the picture. Zip. I’m out. It's going to be a brown golf course. People can’t sell their houses. This deal is over. … It will remain closed.”
Dec 11, 2015
(ONTARIO, CANADA) A weakened Canadian dollar (worth less than 75 cents in the U.S.) is bringing fewer Canadian visitors and buyers to the U.S., but is creating buying opportunities for Americans north of the border. “One of biggest advantages as an American buying in Canada is that you are getting a 25% discount on your purchase,” says Rob McLeese, president of Cobble Beach. “A $400,000 home at Cobble Beach comes out to about $300,000 in U.S. dollars.” The waterfront community of Cobble Beach, overlooking Georgian Bay, is a four-season resort community with a Doug Carrick-designed, links-style course. Besides getting more house for your dollar here, you’ll get all the amenities you expect in the U.S. “When buying in Canada, most people can’t tell the difference from the U.S., especially in a community like Cobble Beach that is just two hours from Toronto. The rules and the culture are not so different. Here, you have all the amenities of home built-in…health care, safe drinking water, a welcoming and relaxed atmosphere.” And, of course, that sweet exchange rate.
Dec 08, 2015
(LOS CABOS, MEXICO) It’s a location unlike any other. The southern tip of Mexico’s Baja Peninsula is an extraordinarily beautiful slice of land and home to great golf, gorgeous ocean views, and beautiful weather. It’s also home to Pueblo Bonito Oceanfront Resorts and Spas, which has five award-winning resorts in Cabo San Lucas, including Quivira Golf Club that opened last year. Now Pueblo Bonito Oceanfront Resorts and Spas has announced it is significantly increasing its commitment to the region with a planned investment of more than $120 million across its Los Cabos properties in 2016. Included in the plans are a major expansion for Pueblo Bonito Pacifica Golf & Spa Resort, which will add two new towers, , including a magnificent Presidential Suite. Pueblo Bonito Sunset Beach Golf & Spa Resort will add 104 villas, a brand new upscale dining court , and a family-oriented recreational club. At Quivira, 2016 will also bring the next phase of development at Copala, which ultimately will include 85 houses and seven 6-floor buildings, each with 36 apartments, including 1-, 2- and 3-bedroom units. They have also broken ground on the 22-acre Coronado community, set on a desert ridge high above the sea.
Dec 07, 2015
$14 Billion Resort
(NORTH CAROLINA) It’s back! The economic downtown killed plans for a sprawling resort in the shadow of Great Smoky Mountains National Park in Western North Carolina. But now comes word that former Disney exec, Jerry Pospisil, is overseeing the revival of the $14 billion lifestyle resort complex sprawled over 4,500 acres. The development is slated to include signatures courses by Jack Nicklaus, Greg Norman and Arnold Palmer, along with a ski area, horse riding center, wilderness experiences, town center with 14-screen cineplex, luxury hotels and residences, restaurants, and spa. The project is expected to take place in five phases over ten years, but it is still awaiting approval by the U.S. Securities and Exchange Commission to solicit investment capital.
Dec 04, 2015
(SARASOTA, FL) 2015 is finishing on a strong note for The Concession Residences, where the centerpiece is the nationally-ranked Concession Golf Club, a Jack Nicklaus Signature Golf Course designed in association with Tony Jacklin, and named for the famous putt Nicklaus conceded to his European counterpart in the 1969 Ryder Cup. The 1,200-acre, low-density luxury community is reporting a banner year in which price per unit skyrocketed more than $50,000 year-over-year. The 18% increase from 2014’s per unit price of $255,090 to 2015’s $306,513 marked a year in which 40 units sold and overall sales are approaching $12 million. Sixteen homes were completed this year, and less than 50 of The Concession’s original 236 lots remain.