Discovery Land Company

Discovery Land Company is a Scottsdale, Arizona-based developer and operator of private residential communities and clubs in North America. The company has been called one of the best developers of resort communities by Robb Report Vacation Homes[1] and Luxury Living[2] magazines. In 2010, Discovery Land Company recorded over $600 million in sales.[3] In 2015, the company recorded over $1 billion in sales. [4] This Company has not been updated and is wait out of date in Wikipedia.

History

Discovery Land Company was founded in 1994 by Michael S. Meldman with the opening of The Estancia Club in Scottsdale, Arizona, and then the Iron Horse project in Whitefish, Montana. The company has 19 properties in Hawaii, California, Arizona, Nevada, Idaho, Montana, Texas, New York, and North Carolina in the U.S., Los Cabos, Mexico and Great Guana Cay in the Bahamas.

Properties Developed

Baker’s Bay

The Baker's Bay Golf & Ocean Club is a private, property owners only club community perched on the northern 600 acres (2.4 km2) of Great Guana Cay in the Abaco family islands of the Bahamas, located about 190 miles off the southern coast of Florida. The community features a golf course designed by Tom Fazio as well as a private, members-only marina. Approximately seventy acres of the club's property is a designated nature preserve which is slated to be used for studying nature, exploration, and eco-recreation.[5] The community is unique in that real estate ownership is prerequisite to being a member.[6]

Chileno Bay Golf & Beach Club

Chileno Bay Golf & Beach Club is a private community located near Cabo San Lucas on the Sea of Cortez. The club features a golf course designed by Tom Fazio. [7]

Cordevalle Golf, Tennis and Spa Resort

CordeValle Golf Club is an invitation-only golf, social, tennis, and executive retreat for Silicon Valley business leaders and entrepreneurs. The Club’s facilities were initially developed by Lions Gate Limited Partnership, a Delaware limited partnership. Prior to the issuance of non-equity memberships in the Club, the Lions Gate Limited Partnership transferred its ownership of the Club’s property and the Club Facilities to CordeValle Golf Club, LLC. In March 2007, Cordevalle L.P., a California limited partnership, purchased certain assets from, and assumed certain liabilities of, the Initial Developer and CordeValle Golf Club, LLC, including the Club, the Club Facilities and the Club Memberships.[8]

El Dorado Golf & Beach Club

El Dorado Golf and Beach Club is a private, gated beachfront community and golf club in Los Cabos, Mexico. The club features a golf course designed by former professional golfer Jack Nicklaus. It is a non-equity membership club limited to 395 memberships.[9]

The Estancia Club

The Estancia Club, which opened in 1995, is located on 640 acres (2.6 km2) acres of the northern slope of Scottsdale's landmark Pinnacle Peak in the gated community of Estancia.The Tom Fazio designed 18-hole championship golf course offers 7,314 yards of golf.[10]

Gozzer Ranch

Gozzer Ranch is a lakefront community and private club located on 700 acres (2.8 km2) acres near Coeur d’Alene, Idaho.[11]In 2015, the golf course at Gozzer Ranch was named in Golfweek Magazine's Best Residential Courses.[12]

The community includes a private golf course designed by Tom Fazio. There are two marinas that have 175 total slips. The community has 267 estate-sized homesites, 34 golf cabins, 28 homestead cottages, and 28 condominiums.[13]

The Hideaway

The Hideaway is a golf club and residential development in La Quinta, California.[14]

There are two golf courses at The Hideaway, one designed by Clive Clark and one by Pete Dye.

Iron Horse

Iron Horse is a Tom Fazio championship golf course and community covering 820 acres (3.3 km2), in Whitefish, Montana.[15]

Kuki'o

Kūkiʻo Golf and Beach Club is a private, residential equity club located adjacent to the Four Seasons Hotel on the Kona-Kohala coast on the Big Island of Hawaii. The club features two golf courses designed by Tom Fazio, one is a 10-hole course, the other is 18 holes.[16]

In 2015, Kuki'o was named one of Hawaii's "Best Neighbor Island" resorts by World Property Journal.[17]

The Madison Club

The Madison Club is a private golf club located adjacent to the Hideaway in La Quinta, California.[18] The golf course was designed by Tom Fazio and was named one of the best golf communities by Links Magazine.[19] In 2014 it was listed as one of the "Best Damn Clubs in America."[20]

Makena

Makena is located in the southwest region of Maui and features 36 holes of golf on courses designed by Dennis Wise.[21]

Mirabel

Mirabel is a gated golf community that opened in 2001. It covers 713 acres (2.89 km2) of Sonoran Desert terrain in North Scottsdale, at an elevation of 3,000 feet (910 m).It features a golf course designed by Tom Fazio that is a 7,147-yard, par-71 course.[22]

Mountaintop Golf and Lake Club

Mountaintop Golf and Lake Club is a private golf and residential community consisting of 731 acres (2.96 km2) acres in the Highlands-Cashiers region of the western North Carolina mountains. The community offers 251 estate lots and 75 cabins for purchase. Mountaintop is approximately a 2.5 hour drive from Atlanta.[23]

The golf course was designed by Tom Fazio and was named one of the best golf communities by Links Magazine.[24]

Silo Ridge Field Club

The Silo Ridge Field Club is on 800 acres (3.2 km2) acres of land in the Hudson Valley in Amenia, New York. It's adjancent to the Wassaic train station and near Millbrook, New York.

The Summit

The Summit is nine miles from the Las Vegas Strip and is a private, luxury gated golf community located on 555 acres (2.25 km2) acres of land within Summerlin. The community will offer 269 residences and a golf course designed by Tom Fazio.[25]

Vaquero

Vaquero is a gated community covering 525 acres (2.12 km2) in Westlake, Texas near Dallas-Fort Worth and Alliance airports. It features a part-71 golf course designed by Tom Fazio.[26]

In 2013, Vaquero was rated by Avid Golfer as the Best Overall Private Country Club.[27]

Yellowstone Club

The Yellowstone Club is located in Big Sky, Montana and is a 13,600 acres (55 km2) private residential community.[28]

The price of residences start at around $4,000,000, members must pay an initial fee of $300,000 to join and $36,000 each year in dues. The community offers 15 chairlifts, three ski lodges, 2,200 acres (8.9 km2) skiable acres and an 18-hole Tom Weiskopf designed golf course.[29]

The golf course was named one of the best golf communities by Links Magazine.[30]

In 2008, the Discovery Land Company entered an agreement with Yellowstone Club, establishing a long-term partnership for development and management.[31] In 2009 the Yellowstone Club was purchased and brought out of bankruptcy by investors led by CrossHarbor Capital Partners, including a 5 percent share by Discovery Land Company.[32]

Closed Communities

Spanish Oaks Golf Club

Spanish Oaks Golf Club is a private golf club in Austin, Texas.[33]

Foreclosure of Spanish Oaks

In 2010, Spanish Oaks and its owners (Hillwood Partners, Discovery Land Company and CCNG, Inc.) defaulted on their original loan of $34.4 million and was forced into foreclosure. As a result, the property has been closed to its members since July 15, 2010. On September 7, 2010, Spanish Oaks Golf Club was sold in foreclosure to Comerica Bank for a reported $29 million, and although the remaining members of the club have been in talks with Comerica to re-open the golf course for play, no date has been set for this to occur. To date, all facilities, including the member's clubhouse and golf course, remain closed indefinitely. This is not an accurate statement, Spanish Oaks was bought out of foreclosure in 2011 by Daniel Porter the original developer. It has since gone on to be a wildly successful project. [34]

Philanthropy

The Discovery Land Company Foundation primarily supports children in shelters and in foster care. The Foundation donates to trusted charities providing the best programs and mentors to assist youth.[35]

References

  1. ↑ Development Newsmaker of the Year 2007 Archived July 10, 2011, at the Wayback Machine., Golf Inc., March 21, 2007.
  2. ↑ Leading Man Archived July 10, 2011, at the Wayback Machine., Luxury Living, February–March 2007.
  3. ↑ Discovery Land Company A Success Story, Executive Golfer, April 2011
  4. ↑ Developer Mike Meldman Is Real Estate’s Party Boy, The Wall Street Journal, January 14, 2016
  5. ↑
  6. ↑ Nassau and the Bahamas, Robb Report Home and Style November/December 2014.
  7. ↑ http://chilenobayclub.com
  8. ↑
  9. ↑ http://www.eldoradogolfandbeachclub.com
  10. ↑
  11. ↑ http://www.gozzerranchclub.com
  12. ↑
  13. ↑
  14. ↑ Links Magazine "Best of the Best Golf Communities" December 2014
  15. ↑ "Archived copy". Archived from the original on 2008-05-12. Retrieved 2008-03-06.
  16. ↑
  17. ↑ Hawaii's Best 'Neighbor Island' Resorts Revealed World Property Journal, May 15, 2015
  18. ↑
  19. ↑ Links Magazine "Best of the Best Golf Communities" December 2014
  20. ↑ LQ’s Madison Club among “best damn clubs” in America The Desert Sun, November 10, 2014.
  21. ↑
  22. ↑
  23. ↑
  24. ↑ Links Magazine "Best of the Best Golf Communities" December 2014
  25. ↑
  26. ↑
  27. ↑ The Best of the Private Clubs Avid Golfer, March 2013.
  28. ↑
  29. ↑ This is How the Upscale Yellowstone Club Renovates a Lodge, Curbed Ski, May 4, 2016.
  30. ↑ Links Magazine "Best of the Best Golf Communities" December 2014
  31. ↑ Press Release:Yellowstone Club Enters into Agreement with Discovery Land Company, Business Wire, September 2, 2008.
  32. ↑ Yellowstone Club revival, Bozeman Daily Chronicle, January 2, 2011.
  33. ↑
  34. ↑ Lender reclaims Spanish Oaks at foreclosure auction, Austin Statesman, September 7, 2010.
  35. ↑
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.