Landmar Group
Landmar, formed in 1987, specializes in developing premier residential properties in the Southeast, including a strong presence in Palm Coast, Flagler County, in Northeast Florida. Landmar is aligned with Crescent Resources LLC, a land management and real estate development firm that is a subsidiary of Duke Energy. They entered the Palm Coast, Flagler market in 2001 when they purchased the gated golf course community of Grand Haven. At that time, Grand Haven development had been modestly successful under the original developer, Lowe/Destination Properties. Hampton Golf, through a close partnership with Landmar operates the Grand Haven Golf Club, a remarkable Jack Nicklaus Signature Course. To spur home site sales, Landmar astutely converted the semi-private course to a private course, enhancing the value of all properties in Grand Haven and accelerating the build out schedule. The resulting increase in property values has made Landmar, homeowners, and investors very happy. Attesting to the draw of the newly private club, the initiation fee at Grand Haven has grown from $10,000 in 2000 to $35,000 in 2005. County
Leveraging on their success at Grand Haven, Landmar purchases three more golf courses in Palm as well as several properties with development potential. In addition to offering golf, Landmar’s vision is to offer a suite of amenities to residents of their communities through their new Grand Club. The Grand Club currently operates the three newly purchased golf courses. Landmar has committed several million dollars to improve the three courses. It renovated the Cypress Knoll course and began construction on a new clubhouse. The Pine reopened in December 2006 after extensive renovation to both the clubhouse and the course.With the completion of the Pine renovations, the Matanzas Woods facility will be closed, also for course renovation and a new clubhouse. Once all the courses are renovated, The Grand Club courses will become private.
“Creating Communities for Life,” Landmar will offer a larger set of options, including a Fly-in community with a professional tennis facility, a Marina/Yacht Harbot/Marina complex, an Equestrian Center, River Club, and a Beach Club. Property for these developments has either been purchased or is under contract. Three have passed enough of the land-use designation and zoning changes to be classified as Under Development. They are:
Established:
Under Development:
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