Shuttered DFW country club to get new life after 149-acre property is purchased

Northern said East Fort Worth has been traditionally neglected by developers, but that he views this development as a good opportunity to create change.

A closed country club in East Fort Worth remembered by local business owners and officials as an area jewel might see new life after a real estate group bought the golf course and surrounding land in a foreclosure auction.

Will Northern, a former Fort Worth zoning commission chair, manages the limited partnership that purchased the 149-acre golf course and clubhouse formerly known as Woodhaven Country Club. The group, Woodhaven, Concerto No. 1, LP, also bought 14 acres of commercial land across three parcels during a May 7 foreclosure auction.

Tarrant County documents show Woodhaven Country Club LLC defaulted on a $12 million loan. Northern said his group bought the notes — meaning it assumed the debt — and then pursued foreclosure.

Click here to read the full article
Source: WFAA

—–

If you have any questions or thoughts about the topic, feel free to contact us here or leave a comment below.

You might also like
Among investor types, developers, private equity funds, real estate funds and real estate investment trusts are expected to be particularly active this year.More property investors expect to be active this year, lured by price changes
Unlock the potential of the Dallas-Fort Worth Metroplex with our comprehensive homebuyer's guide. Explore job opportunities, cultural diversity, and diverse housing options. Navigate submarkets and market trends for a successful home purchase in this dynamic region!Understanding the Dallas-Fort Worth Metroplex: A homebuyer’s guide
Explore the future of DFW housing with insights on economic stability, job growth, changing demographics, affordability, technology integration, and sustainability. Navigate the next five years with informed predictions for a successful real estate journey in Dallas-Fort Worth.DFW housing market predictions for the next five years
Fort Worth continues to be a city on the rise and a great place to live, Mayor Parker said in her State of the City address.Fort Worth Mayor Mattie Parker says state of the city is ‘absolutely strong’
Real estate executive Gil Besing is asking $32 million for his newly built, 8,500-square-foot mansion at 3616 Crescent Avenue.Highland Park mansion listed for $32M
A new report by Architectural Digest magazine has revealed a small but mighty trend rising in Texas: luxury tiny homes.Texas is a top state for luxury tiny homes, says Architectural Digest
From the new Mavs owners making moves to Lake Texoma’s Margaritaville Resort, here’s a look at dozens of notable deals announced so far this year.What’s on deck for Dallas-Fort Worth real estate in 2024
A well-known home from “Fixer Upper,” one of the Gaines couple’s most popular HGTV shows, has landed on the real estate market for $950,000.‘The Shotgun House’ from ‘Fixer Upper’ TV show hits market in Texas
0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published. Required fields are marked *