Sandra  Canning

Sandra Canning

REALTORĀ®

License #: SL3356390

Florida Capital Realty

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Mixed-Use Project Coming to Heron Bay Golf Club

 

While many locals have voiced concerns about the recent sale of the Heron Bay Golf Club, only one-third of the course will be devoted to commercial use and the rest will be used for stormwater management and walking trails. The initial renderings of the mixed-use commercial space look exciting. It has a Mizner Park vibe.

Parklanders can breathe a sigh of relief since the big concern among locals was that the closed golf course at Heron Bay Golf Club (HBGC) would be turned into condos or hundreds of single-family homes (which is what typically happens in South Florida). The fear among current owners when a large development is on the horizon is the increased traffic, additional load on schools, and losing coveted views they paid a lot of money for.

Heron Bay Golf club's spans 223 acres, and 69 acres will be devoted to a commercial mixed-use project. Plans are to include three and a half miles of walking trails, rest areas, and stopping stations. Katalyst Real Estate has published RFPs for redevelopment. Click on this link to learn more. https://tinyurl.com/25838d97

According to Rod Colon, NSID District Manager, about 150 acres of green space will be a dedicated stormwater management area, with giant storm drains to help protect the city from flooding. Recreational walking trails and green space would cover the stormwater drains.

“I do think it is a positive for Heron Bay specifically and all of Parkland as it does ensure a vast majority will stay green … There is an opportunity for some commercial which would help our tax base.” Rich Walker, Parkland Mayor.

According to Parklandtalk.com Canadian-based, ClubLink purchased Heron Bay Golf Course in 2011 for $3 million dollars, but a recent article in teetimes.com said they bought it for $4.75 million in 2010. The club has been closed since 2018. The contract to purchase was signed on March 3, 2021 by North Springs Improvement District (NSID). The purchase price is around $32 million dollars and it was appraised for $33.5 million dollars. NSID has until December 31st to complete closing on the property, but they may close sooner.

NSID provides water for almost 40,000 residents in Parkland and Coral Springs. It is possible that residents may incur a district-wide assessment of $80 to $100 annually to help pay for the drainage. NSID is seeking grant funding to help with some of those costs.

About Heron Bay:

Heron Bay is one of South Florida's finest gated communities. This exclusive enclave is comprised of 21 individual neighborhoods, 3,500 homes in a variety of styles including single-family homes, condos, and townhomes. It straddles the cities of Parkland and Coral Springs. Heron Bay is a family-friendly community with A- rated schools, picturesque parks and lots of outdoor recreation. Prices range from $400,000 to over $5,000,000. The median purchase price is $1,000,000.

To see Heron Bay (Parkland, Coral Springs) homes for sale click here https://tinyurl.com/35ta24u6

If you would like a free home valuation or advice on selling your home call 561-866-8040 or email your request to Sandra@FindLuxuryListings.com

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