Nov 02, 2015
Tower of Luxury
(BONITA SPRINGS, FL) A few months ago, we wrote about the first residential tower to rise in SW Florida in nearly a decade. Altaira®, WCI’s new luxury tower of 76 Sky Homes® in The Colony Golf & Bay Club in Bonita Springs is officially underway. Officials from Bonita Springs, along with the developer and construction company put the symbolic gold shovels into the ground almost two weeks ago to signify the start of construction. The tower features 19 residential floors, each with only four residences per floor. Each Sky Home will feature 3,300-3,500-sq. ft. of living space, plus hurricane-rated, solar-tinted expanses of exterior vision glass and floor-to-ceiling sliding glass doors that open to the terraces, as well as up to 529 square feet of open-air and screened-in terraces in select residences. These design features introduce natural light into each home, along with views of The Colony, Estero Bay and the famous Gulf of Mexico sunsets from higher floors. Sky Homes in Altaira start from $1 million and are scheduled for completion in the second quarter of 2017.
Oct 30, 2015
Golden Real Estate Touch
(NORTH PALM BEACH, FL) Resort owners, developers, lenders, and country club communities have a new resource that packs a powerful punch. Golden Bear Realty, a Nicklaus family-owned company that has made a name in destination real estate, has announced a strategic partnership with Cotton & Company, a full-service, marketing firm exclusively specializing in luxury residential real estate. Mike Nicklaus, owner and broker at Golden Bear, began developing a niche in the real estate market in 2003 and now operates in Charleston, South Carolina, and Stuart, North Palm Beach and Delray Beach, Florida. In the past few years, Nicklaus has recognized the need to provide clients with something more. This powerhouse alliance aims to not only meet the ever-evolving needs of the industry, but also to redefine the way real estate and marketing efforts are provided. This alliance will form a one-stop firm with all services under one umbrella. “If you look at most real estate companies, they focus on selling homes and general real estate,” says Stephann Cotton, the firm’s President and Founder. “People today are looking for a lifestyle, and that lifestyle may be on the ocean; it may be on a golf course; it may be in a marina, on the Intracoastal or in a country club. The luxury real estate industry in general has been hibernating for 10 years. The needs of today’s buyers are completely different, and we’re focusing on new ways to capture the attention of people looking to make a change in their lifestyle.”
Oct 28, 2015
Eat, Golf, Stay
(GREENSBORO, GA) With 117 holes of golf, the Ritz-Carlton, cottages, and an inn, Reynolds Lake Oconee is a pretty spectacular place to vacation or live. But with the opening of its newest restaurant, The National Tavern at The National Golf Village, the resort community is carving out a name for itself as a culinary destination, too. The National Tavern, led by Executive Chef Derin Moore, overlooks the finishing hole of the Tom Fazio-designed National golf course and features a large stacked stone fireplace, wraparound porch, fire pit area, and putting green. As for the menu, Chef Moore promises some “unique twists on the traditional pub menu.” Signature menu items include hand-crafted artisan pizzas, wood roasted wings and fennel glazed salmon. The National Tavern joins a long list of dining options at Reynolds Lake Oconee, including Plantation Grille, Great Waters, The Creek Club, The Landing Restaurant, and the Linger Longer Steakhouse. Better bring your appetite when you visit here.
Oct 26, 2015
Top 10 Most Expensive Memberships
(LONDON, ENGLAND) We don’t belong to any of them, so we’ll have to take the word of British digital golf magazine, GolfMagic, on this. They tallied the cost of joining and then playing over a five-year period at some the world’s most prestigious courses. As you might expect, there are a couple of clubs in Dubai on the list (Yas Links at #8 and The Address Montgomerie at #7). Two British courses make the cut: Stoke Park Golf Club at #10 and Wentworth Golf Club at #2. But the U.S. takes the honors (?) with four of the most expensive golf club memberships in the world. (You won’t see Augusta National on the list. It might be the most difficult membership to procure, but once you’re in, the cost doesn’t measure up to the world’s most expensive.) Trump National Los Angeles checks in at #4, The Bear’s Club at #3, and Liberty National Golf Club at #1. GolfMagic factored in playing one round a week over five years at Liberty National would cost you over $1,400 a round. Better clean up on those side bets.
Oct 23, 2015
(ORLANDO, FL) File this under a disturbing trend. According to an article in the Orlando Sentinel, redeveloping golf courses into housing is gaining traction in Central Florida, where “developers are ramping up plans to carve up fairways, greens and clubhouses so new houses and apartments can be built where golf carts once roamed.” There are two factors at work here: big demand for housing in Central Florida and hundreds of course closings in the state. So, the push by developers to turn dying golf courses into houses, apartments, and townhomes makes sense. But it’s two quotes in the article by a local planning director that give pause. The first: "If you were buying a house in 2015 on a golf course, buyer beware." The second refers to the trend of developing courses that were built primarily to help sell houses. "The residential ones were just a marketing play anyway." Buyer beware, indeed.