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.

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Your email address will not be published.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 *