The $300 million project, including $75 million in the first phase, will redevelop the Cordova, Tenn. property to include a mix of retail shops, restaurants, offices and a full-service hotel. Developers performed a market study and determined the original plan was too densely developed with apartments and lacked adequate road connections. The planned redevelopment of…

Troon Golf has already contracted with the prospective buyer, who has not yet been identified, to take over operations of the Cordova, Tenn. property in suburban Memphis. Over 160 acres of the now-closed North Course would be used for residential development, but the South Course, site of PGA tournaments in the ‘70s and ‘80s, will serve as an anchor for a new resort-style property tailored to an active senior community.