Golfing with Tiger Woods
Tiger Woods Design (yes, that Tiger Woods) purchased an existing golf course and neighboring land parcel just outside of Houston to redevelop into a new course and high-end residential golf course community. And many Big D companies made the deal happen. To start, Duggan Realty Advisors sold the existing Blaketree National Golf Club and neighboring land to Tiger and a group of investors. Here’s Duggan partner LJ Erickson and prez Jim Duggan, with Tiger. The equity group behind the deal was Dallas-based Lantern Asset Management; the developer, Mike Abbott, came from the Four Seasons Club in Las Colinas; and the head of operations, Casey Paulson, is the former Vaquero golf club (in Westlake) GM and COO.
LJ tells us that Tiger plans to redevelop the course into a very high end exclusive residential golf course community called Bluejack National. This is Tiger’s first golf course scheduled to open in the US and will launch next year. LJ tells us Duggan is also building a Petsmart in Eldorado Market Place at the northwest corner of the Dallas North Tollway and Eldorado Parkway in Frisco. It should open in September. The firm has LOIs from several national retailers on the balance of the development. Once those deals are inked, they'll start construction on another phase of the development (most likely Q4), he says.
