Tampa firm may redevelop defunct golf course

GNP Development would turn the 18-hole course into a 9-hole course with up to 300 homes

Jun.June 12, 2016 10:30 AM

Tampa-based GNP Development Partners may acquire a mortgage loan secured by a defunct golf course in North Port and redevelop the overgrown property.

Ground maintenance was suspended in May 2015 when the previous operator closed the 18-hole golf course. GNP has been negotiating to buy the Wells Fargo Bank mortgage on the property.

Rather than resurrect the 18-hole course, GNP instead would build a nine-hole executive golf course plus a new driving range and clubhouse, along with 200 to 300 single-family homes, Mark Gerenger, managing partner of GNP, told the Sarasota Herald Tribune.

“It’s not feasible to maintain or put together an 18-hole golf course,” he told the newspaper.

GNP could acquire the Wells Fargo mortgage, and take control of the property, by late July if owners of nearby homes support the Tampa firm’s redevelopment plan.

In particular, GNP is seeking support from the Sabal Trace Homeowners Alliance, which represents about 1,200 residents of homes around the golf course. [Sarasota Herald Tribune] — Mike Seemuth

Related Articles

Glenn Straub and the Palm Beach Polo and Country Club property (Credit: Google Maps)

Glenn Straub sells piece of Wellington polo club after failed development attempt

Brent Baker and a rendering of Oak Tree Golf Course

Pulte pays $31M for Oakland Park golf course

Donald Trump at Trump National Doral (Credit: Getty Images)

Former members of Trump Doral may have to wait decades to get their deposits back

GL Homes wants to push back $65M purchase of Boca Raton golf course

Developer Glenn Straub responds to allegations of racism

Money-losing golf courses can club the values of nearby homes

Broken Sound Club in Boca Raton plans $30M renovation

Developer of West Palm golf course redevelopment sued by its lawyers