BH Group closed on the nearly $21 million purchase of a shuttered golf course in Palm Beach County after settling litigation with the seller, developer Glenn Straub.
In December, Aventura-based BH, led by Liat and Isaac Toledano, sued the entity managed by Straub that owned the Polo West Golf Course, a 150.5-acre redevelopment site at 2470 Greenview Cove Drive in Wellington. The complaint sought a court order forcing the sale.
BH plans a luxury single-family home community on the site, according to the company.
The deal closed for $20.8 million, according to property records. Court filings show the settlement agreement, approved May 11, has the buyer and seller paying their own attorneys’ fees.
Straub, who owns Palm Beach Polo & Country Club, reacquired the Polo West property from veterinarian Scott Swerdlin, who had purchased it from Straub for $16 million in 2019.
The Polo West course once hosted PGA Tour events and had polo fields and croquet lawns, but Straub’s failed efforts to redevelop it left the property overgrown and idle. Wellington officials doled out code citations over property maintenance and permit issues over the course of decades.
It is working with homebuilding giant Lennar on the Greenview at Presidential single-family home complex on the site of a former golf course at 19200 Northeast 14th Court near North Miami Beach and Aventura. The developers broke ground on the 103-home project last year. Prices for the houses range from $2.5 million to $3.5 million.
BH has also partnered with firms like Related Group, Pebb Enterprises and Kolter on several mixed-use, hotel and condo projects. Last week, BH, Related Group and Tezral Partners secured a zoning change from the Riviera Beach City Council that will allow the developers to build a 20-story, 418-unit apartment project called Gallery at Marina Village near the Port of Palm Beach.
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Development
South Florida
BH Group sues to force $21M sale of Wellington golf course
Development
South Florida
BH under contract to purchase shuttered Wellington golf course for $20M-plus