The Bonaventure Country Club in Weston has managed to find a way out of foreclosure by selling half of a golf course course to an unnamed home builder, the South Florida Business Journal reported.
Earlier this year, Lender Textron Financial filed to foreclose on the club and its two golf courses. The suit targeted the 36-hole, 233-acre golf courses at 200 Bonaventure Boulevard, along with the 26,690-square-foot clubhouse and a 4,575-square-foot storage building.
Bonaventure General Manager Keith Clougherty told the Journal that owner Tavor Holdings came to an agreement with a national home builder to sell the west half of the course, which will be developed as 125 homes.
“It is the only large buildable parcel left in Weston,” Clougherty said of the west half of the course. “The east course will always remain a golf course.” [SFBJ]