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.
Dec 02, 2015
(OSPREY, FL) Member-owned golf communities have plenty of benefits. Chief among them is the ability to get things done when and how you like. When members at the Oaks Club decided it was time to update the Heron Course, originally designed by Willard Byrd in 1980, they went to work. The project was approved in late 2013 and construction begin mid 2014. The year-long project was completed within budget and on schedule, opening last week. The renovations were designed to enhance playability and improve maintenance conditions. The course now plays between 4,185 and 6,825 yards, slightly longer than it was. Director of Golf Tim Beckwith says the redesigned course includes many features beyond new irrigation and drainage systems that golfers will see and enjoy, such as large, tightly mowed chipping areas, fewer bunkers, forgiving fairways, shorter carries over hazards, and new and larger tees at a wide variety of distances.
Nov 30, 2015
(SOMEWHERE-IN-GEORGIA) As the golf real estate industry continues to sort itself out, there have been way too many stories of golf courses being repurposed for housing developments. A recent story out of rural Georgia just might offer another (tongue-in-cheek) alternative: housing developments under golf courses. A home for sale in an undisclosed location caught our attention. The $17.5 million luxury home with 12 bedrooms and 12 bathrooms is buried 45 feet underground. Beyond the library, 15-seat screening room, conference room, gym, and rec room, this subterranean luxe home also includes decontamination showers, 3-foot thick concrete walls, state-of-the-art fresh air intake system, medical room, $100,000 security system and has been constructed to withstand a 20 kiloton nuclear blast. You got it. This was built to withstand the zombie apocalypse. Still, it’s above ground footprint takes up no more space than that comfort station at the turn. Hmmm…
Nov 27, 2015
Changing Golf Economics
(BOCA RATON, FL) There are more golf courses in Florida (1,000+) than any other state. As more golf courses continue to close than open in the U.S. each year, the Sunshine State particularly feels the effects of the changing economics of the game. A lengthy New York Times piece this week examines why some courses in Florida are closing (and being developed for other uses) and why some, like Boca West Country Club, have adapted well. The article quotes Michelle F. Tanzer, a Boca Raton lawyer and National Club Association board member, as saying he golf industry is actually “doing much better than it’s looked since 2009.” Tanzer told the Times that Boca West’s $50 million investment in its facilities “is a perfect example of adapting” to the changing economics of golf. “They’re spending a fortune on making the place family-friendly. It’s a home run.”
Nov 25, 2015
Golf in the Home of the Pilgrims
(PLYMOUTH, MA) The Pilgrims didn’t venture far from Plymouth Rock when they settled all those years ago. But if they ventured just seven miles further inland they could have been the original developers of The Pinehills. A community of more than 1,800 families with a village green, courses by Rees Jones, Jack Nicklaus, and Coore & Crenshaw, and the Mirbeau Inn & Spa, The Pinehills is located in the midst of history. Running through the community is Old Sandwich Road, the nation’s oldest unpaved road in continuous use. The picturesque development sits in a portion of the world’s third largest pine ecosystem. The pines frame the fairways and dominate the landscape, especially the 2,200+ preserved acres that make up about 70% of The Pinehills. Even if the Pilgrims had made their way here, unfortunately for them, the game of golf wouldn't reach these shores for another century or so.