One thing that is true for most start up businesses and real estate projects is that timing is everything. The real estate business is known for it’s cyclical nature and fortunately in the case of WGV, the project actually hit the cycle just about perfect. Don’t get me wrong! With the wildfires just after the Grand Opening, the initial perceived remoteness of the site, and the almost immediate shift of the project residential market from resort/second home to primary housing; we encountered an enormous amount of challenges in the first few years of project sales and operations. Fortunately for the project, each issue was addressed successfully.
Serenata Beach Club is the perfect place to unwind and enjoy the beautiful summer skies, and also keep everyone in the family entertained with amenities and activities galore! Located between Jacksonville and St. Augustine in South Ponte Vedra Beach, this private beach club is just 15 minutes for Ponte Vedra residents, 20 minutes from many North Florida communities, including World Golf Village, Nocatee, Palencia, Murabella and Kensington, and 30 minutes from Julington Creek. What’s more is a membership is more affordable than you think.
As previously mentioned, the formal closing of the WGV Partners and related start date was in August, 1996. The projected first phase costs were in excess of $350,000,000 and included the following:
We are thrilled to announce the launch of Davidson Cares 2.0! Davidson Realty and the Davidson Companies’ successful corporate giving program demonstrates our commitment to local education, and this year’s program promises to have an even greater impact than last year.
Our program provides financial support to schools in the World Golf Village area, including Mill Creek Elementary, Wards Creek Elementary, Palencia Elementary and Pacetti Bay Middle School. During the 2012-2013 school year we raised a total of $11,300 in less than six months for the four schools. This year’s bar is set even higher!
After the name and concept had been determined, all that was left to do was find a hotelier, a timeshare developer, a retail developer, a golf course developer and a group of builders who would buy into the World Golf Hall of Fame concept and of course convince St. Johns County to support a convention center at the hotel! It was imperative that all partners be willing to trust each other enough to construct their respective facilities simultaneously for a project Grand Opening. One thing was for sure, this was not a project for corporate America or any of the pension fund investors.
Once Deane Beman made the decision to locate the PGA TOUR Hall of Fame at the Saint Johns project, the specific details of the project components needed to be formalized. The original PGA TOUR Hall of Fame project concept was relatively small in terms of required development acreage with only one 18-hole golf course, a 350 resort room hotel and the 28,000 sq.ft. PGA TOUR Hall of Fame. The permitted Hall of Fame development area in the Saint Johns project was 82.0 acres, substantially more acreage than was required for the PGA Hall of Fame and a 350 room resort hotel. In addition, while the project concept had been decided upon, the source and amount of funding required for initial construction and future operations had not been identified.
Get ready to tee up and fill up with us at this year’s Golf & Wine Fest beginning this Friday, May 17 with featured events through Sunday, May 19. Whether you’re a golfer, wine enthusiast, or just enjoy the beauty of magnificent golf views, the 2013 World Golf Village Golf & Wine Fest will be a great chance to unwind and enjoy time with friends.
Not only will guests enjoy wine, golf, and plenty of fun, a portion of all proceeds will benefit the American Cancer Society through its Annual Relay for Life event (World Golf Village Chapter).
Davidson Realty launched their non-profit foundation, Davidson Cares, in November of 2013 to offer support for local schools in the World Golf Village area, including Mill Creek Elementary, Wards Creek Elementary, Palencia Elementary and Pacetti Bay Middle School. Davidson Cares has given a total of $11,300 to the four schools mentioned above in less than six months!
Calling all our female World Golf Village neighbors and friends! Get ready for Davidson Realty’s Third Annual Women’s Mixer on Thursday, April 25th at 7 pm. This awesome girl’s night out will take place at Mile Marker Brewing located at 3420 Agricultural Center Drive near the outlet malls on SR 16. There’s a lot to look forward to – more vendors than ever before, lots of delicious treats, and Mile Marker beer and wine! Everyone is invited to attend this free event and a gold buyer will be on site so you can cash in your unwanted gold for cash on-the-spot!
This year there are over 20 vendors offering a variety of products for sale. You won’t want to miss the chance to browse, shop and get expert advice from this all-women group of vendors:
As previously discussed, “St. Johns Harbour” was permitted in 1986 with no specific development concept in mind other than lots of development rights on lots of acres. From 1986 until 1991, the project evolved into a resort oriented community anchored by the proposed PGA TOUR Hall of Fame. The PGA TOUR Hall of Fame was conceived by the then Commissioner of the PGA TOUR – Mr. Deane Beman. In 1990, Deane decided it was time for the TOUR to have its own Hall of Fame. The PGA of America had its Hall of Fame in Pinehurst, NC. With the TOUR’s headquarters in Ponte Vedra Beach, FL., Deane decided the TOUR’s Hall of Fame facility needed to be located somewhere in the First Coast area (preferably south of Jacksonville, FL). The reasoning was quite simple: 1) The proximity to PGA TOUR headquarters would facilitate project management. 2) Being south of Jacksonville on I-95 would capture all of the I-95/I-10/I-295 tourist traffic destined for South Florida. 3) Locating in the city of Jacksonville would provide an opportunity to solicit governmental financial support due to the project’s anticipated impact on local tourism.
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