Golf greens are making way for more casual, community-geared developments.
In 2010, VanTrust Real Estate purchased Meadowbrook Golf & Country Club, a 136-acre site, for $4.2 million in Prairie Village, KS. Today, 52 acres were developed into housing, a senior living facility and a boutique hotel. The other 84 acres were developed into a park with an activity center, sledding hill, adventure playground and green space.
“The result was one-third private development and two-thirds public green space,” says Justin Duff, Senior Director of Development at VanTrust.
Author: Cecilie Rohwedder, Wall Street Journal