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walkitoutR. sent me this:
http://www.bizjournals.com/boston/real_estate/2011/11/fallout-on-the-fairways-the.html
It describes several small, aging country clubs/golf courses in the region which are transitioning ownership and in some cases slated for residential development. Locally, Quail Ridge is included.
http://www.wickedlocal.com/boxborough/features/x387122084/Acton-country-club-may-site-of-55-plus-housing
If I understand that article correctly, it used to be owned by someone named Ron Peabody, then was owned by QR Properties (QR looking a lot like standing for Quail Ridge) but then went through BK and was bought by Pulte. Somewhere along the line, the turn the 18-holes into 9 holes and build 55+ housing on the remainder plan was started, which is being carried forward by Pulte.
This fits well with two large themes I am pursuing: (a) the economy is recovering (including housing) but it is a treacherous environment and the pace of the recovery is glacial and (b) infill housing.
http://www.bizjournals.com/boston/real_estate/2011/11/fallout-on-the-fairways-the.html
It describes several small, aging country clubs/golf courses in the region which are transitioning ownership and in some cases slated for residential development. Locally, Quail Ridge is included.
http://www.wickedlocal.com/boxborough/features/x387122084/Acton-country-club-may-site-of-55-plus-housing
If I understand that article correctly, it used to be owned by someone named Ron Peabody, then was owned by QR Properties (QR looking a lot like standing for Quail Ridge) but then went through BK and was bought by Pulte. Somewhere along the line, the turn the 18-holes into 9 holes and build 55+ housing on the remainder plan was started, which is being carried forward by Pulte.
This fits well with two large themes I am pursuing: (a) the economy is recovering (including housing) but it is a treacherous environment and the pace of the recovery is glacial and (b) infill housing.
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The demographics of golf
Date: 2011-11-13 02:49 am (UTC)Nobody with children can justify 3 hours to play a round
on a regular basis -- at least nobody my age and younger.
And the land for the courses is a ripe target for developers.
For that matter, one of the Catholic colleges in Boston
(perhaps Emanuel) was looking to sell their Fenway campus,
buy a golf course in Lawrence and relocate to new buildings etc.
This was about 10 or 15 years ago. It almost happened...
Students & alumnae got cranky.