A little under 20 golf courses have been or are in the process of re-development in Palm Beach and Broward Counties over the past five years, signaling a growing trend as developers sniff out that rarest of commodities, open land.
South Florida’s booming housing market has left developers hard pressed to find plots large enough for single-family home developments, making golf courses an optimal option to re-develop.
“The land in the suburban areas or near the urban cores has been scarce,” said Nelson Stabile, president of the Builder’s Association of South Florida. “If you are trying to develop single-family homes or townhome communities, it’s become very challenging to find land.”
