The 434-acre tract of land was being developed into an 18-hole golf course and residential community called Bear Creek at Burrus Ridge before the developer filed for bankruptcy in 2009. Nearly 40 groups have expressed interest in the $2.75 million property, with plans ranging from building the original Jack Nicklaus golf course to developing residential property.
Sealed bids are being accepted for a piece of property in White House, Tenn., once under development for a Jack Nicklaus-designed golf course, the Nashville-based Tennessean reported.
According to broker Frank Simpson, bids for the property, which includes nearly 434 acres, will be due on November 15. The property is valued at $2.75 million. It was being developed into an 18-hole golf course and residential community known as Bear Creek at Burrus Ridge by local businessman Chip Hellmann, but Hellmann filed for bankruptcy in 2009, the Tennessean reported.
“It has been on the market for sale, but we wanted to give a deadline for call of offers,” said Simpson. “We have had a good bit of interest and expect multiple offers by the end of the (bid period.)”
Fifth Third Bank currently owns the property, Simpson said, and groups interested in the land include developers and investors, the Tennessean reported.
“We’ve been talking to people who have an interest in building the golf course,” Simpson said. “There are also people who want to come in and build the original subdivision or create larger estate lots and build. Then, there are those who want to come in and buy the land as an investment. There are a large variety of buyers.”
So far, Simpson estimates he’s heard from about 40 different entities with interest in the property, which is currently zoned for use as a golf course and residential community. Any changes for the property use would have to be taken before the City of White House for approval, the Tennessean reported.
Mayor Mike Arnold said he hopes to see a developer come in and finish the golf course and residential community, the Tennessean reported.
At the time of Hellmann’s bankruptcy, nine of the 18 holes were under construction including the cart path, the Tennessean reported.
“The weeds are eight feet high with a concrete golf path running through them,” Arnold said.
The golf course, if completed, would take up nearly 234 acres of the property, leaving about 200 acres available for the residential community, the listing states. The residential community’s master plan called for 627 units, the Tennessean reported.
Julie Bolton, executive director of the White House Chamber of Commerce, said a completed golf course and residential community would be a good selling point for the city, the Tennessean reported.
“I would love to see something happen with it,” Bolton said. “People want to be here and they want to move here, and it’s an exciting time for us. Having a golf course would be one more thing we could offer to our residents and potential residents.”