Development

Tiger Woods to design Chicago course near future Obama library

January 11, 2017
By Robert J. Vasilak

At the same time that Tiger Woods launched his comeback as a PGA Tour player, he committed to a major new architectural project.

Woods will be the lead designer for the Chicago Park District’s proposed renovation and consolidation of the landmark Jackson Park and South Shore golf courses. The revamped layout will be part of a larger project, which is expected to include the $500 million Barack Obama presidential library. Woods reportedly agreed for his TGR Design firm to get involved in the project after a personal call from Obama. 

Dave Richey steps down at Toll Brothers

December 16, 2016
By Jack Crittenden

Dave Richey is stepping down as president of Toll Golf division, the division within Toll Brothers that oversees golf development and operations. Maurice Darbyshire will assume the role of president. 

Richey has been part of the Toll Golf Division for 14 years. During his tenure he built and opened seven golf courses and eight clubhouses. He grew the division to more than 13,000 members, with close to 1,000 employees. The division was founded in 1998. 

Biscom and FLC look to make Vietnam major golf destination

December 16, 2016
By Jack Crittenden

Luu Duc Quang, chairman of Biscom Golf Management, said his parent company’s projects along Vietnam’s coast will “change the landscape” of golf resorts and golf tourism in Asia.

“We want to create a whole new experience and be the leader in changing the landscape [of golf resort development],” he said. “With a new 5-star FLC hotel being built in the city of Quy Nhon, plus FLC Quy Nhon Beach and Golf Resort [on the nearby island of Nhon Ly], we see Quy Nhon becoming a popular new tourism destination in Asia.”

Discovery Land to develop out Playa Grande after $150M sale

December 16, 2016
By Jack Crittenden

Discovery Land Company has entered into a partnership with Third Point to further develop Playa Grande Club & Reserve, an exclusive 2,200-acre private club and resort community in the Dominican Republic.

Dolphin Capital, a real estate investment firm based in the British Virgin Islands, sold Playa Grande for $150.5 million in November to Third Point, a New York-based hedge fund.

Development of the year competition to include Redevelopment category

December 13, 2016
By Jack Crittenden

Golf Inc. Magazine will recognize the top Redevelopments of the year as part of its annual Development of the Year competition. This is the first time the magazine will honor a redevelopment.

"The market has shifted from new development to creative redevelopment of exisitng golf courses," said Jack Crittenden, Editor In Chief of Golf Inc. "We invite golf course developers, owners, architects and others to nominate the projects that are setting the pace for the future of the golf industry."

Nicklaus, Sorenstam to speak at HSBC Golf Business Forum

November 1, 2016
By Jack Crittenden

Jack Nicklaus and Annika Sorenstam will headline the 2016 HSBC Golf Business Forum in late November, and The National Golf Foundation will present the findings of a specially commissioned research project, demonstrating the game’s extensive reach and offering a fresh perspective on global golf development. The Forum  will take place at the Marriott Sawgrass Resort, from November 28th to  Dec. 1. 

GEO introduces new standards for sustainable golf development

September 6, 2016
By Jack Crittenden

There is a new voluntary sustainability standard for golf course development, thanks to Golf Environment Organization (GEO).

The standard is designed to provide golf developers with a framework for new developments and renovations. It covers everything from site selection through to opening day and is designed to maximize social and environmental value.

Vietnamese company plans to build 20 new courses

August 4, 2016
By Jack Crittenden

FLC Group, a publicly-traded Vietnamese company, plans to build 20 new golf courses in Vietnam in the next five years.

The Hanoi-based company — a major developer of apartments, shopping centers, industrial parks and resorts — has $1 billion of golf resort development under way or completed at four locations on Vietnam’s 3260-kilometre coastline.

Each of the links-style courses are in dramatic oceanfront settings that provide an extra dimension to golf in Asia and create new golf tourism destinations for local and foreign golfers.

Kula Golf buys Ballyhack in Virginia

June 7, 2016
By Jack Crittenden

Kula Golf, a Lincoln, Nebraska-based group that owns Sutton Bay Golf Club in Agar, South Dakota and ArborLinks Golf Club in Nebraska City, Nebraska, has acquired Ballyhack Golf Club, Lester George’s pièce de résistance in Roanoke, Virginia. 

Kula is a Nebraska-based golf real estate investment company with focus on the ownership of premium and exclusive private clubs. Kula’s majority owner is an entity owned by the Peed family from Lincoln, Nebraska.

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