The Kildeer, Ill., property is suing the village and homebuilder Taylor Morrison over recently approved plans for a luxury home development that includes some of the golf course’s property. The club has filed a request for a temporary restraining order against the homebuilder to halt development, and argues that the plans would hurt the value of the golf course.
A list compiled by the National Association of Home Builders found that only elevators were less desirable than golf courses for new home-buyers. “Just shoot me if I ever mention developing another golf-course community,” an unidentified real estate developer in Southwest Florida said.
The Lakewood Ranch, Fla., club is planning to build a Wellness Center with a fitness center and spa, a second outdoor swimming pool with a poolside bar and full-service restaurant, a permanent cart barn and an expanded parking lot. Construction will likely begin in May and take about a year to complete.
The homebuilder has decided to withdraw a proposal to build up to 170 homes on the Seminole, Fla., property in the wake of a report by county staff that cited environmental concerns, adverse impacts on the surrounding neighbors, and the loss of a large, undeveloped parcel as reasons for county commissioners to reject the plan. A bank foreclosed on the property in 2009 and has continued to operate it as a golf course.
A group of residents in Seminole, Fla., formed a group called “Save The Tides Golf Course,” in an effort to prevent the 72-hole golf course from being redeveloped by homebuilder Taylor Morrison. The group claims to have collected over 10,000 signatures to save the property, which is currently bank-owned by Wells Fargo.
Successful transitions to member ownership call for early, consistent and congenial coordination between developers, members and management staff. Here are the keys to effective turnovers-and the valuable lessons all properties can learn.