How much did North American Development Group pay for Canary Palm Drive?
North American Development Group paid $33 million for the land at 6541 Canary Palm Drive and 22725 Camino Del Mar, according to records. The property was part of Mizner Trail Golf Club, which opened in the 1970s and closed in 2005, according to media reports.
Why did neighbors fight the golf course project?
Neighbors at the time fought the project because of concerns over view obstruction and traffic and the plan was scrapped. Shuttered golf courses have proven popular for redevelopment sites in land constrained South Florida.
How many golf courses have closed in the last decade?
Business Insider reveals that over 800 golf courses have closed within the last decade. Golf-industry researcher Pellucid shows that the number of regular golfers has fallen from 30 million to 20.9 million between 2002 and 2016.
Why are golf courses zoned commercial?
Many of these areas are zoned as commercial to accommodate clubhouses, restaurants, and bars that often accompany golf courses. Because these zoning restrictions can be hard to change, many instead work within the current limitations and build shopping centers, office space, or industrial parks instead.
How much land does a golf course need?
According to golf course architect William Amick, the average course requires 140 to 180 acres of land. When those courses close, the land becomes available for a number of new projects.
Do golf courses have to be in a wealthier area?
Plus, golf courses are normally in wealthier areas, which means these new homes will include access to quality schools and workplaces. But many who already live in those neighborhoods aren’t keen on the idea of building more homes or apartments. They would rather see the land become into parks or reservation areas.