$6 Mil Clubhouse Credited with Triggering Sales Surge at Daytona Beach Golf-Course Project

DAYTONA BEACH, FL-On the drawing boards for four years, the 14,000-sf, class A facility is proving to be the magnet for ballooning sales at LPGA International, a 4,500-acre, mixed-use venture, 50 miles northeast of Downtown Orlando.

By Alex Finkelstein | Updated on March 07, 2001

DAYTONA BEACH, FL-A $6 million, 14,000-sf class A clubhouse is proving to be the sales magnet Renar Development Co. has been seeking since acquiring the 4,500-acre LPGA International mixed-use venture in fall 1999. Daytona Beach is 50 miles northeast of Downtown Orlando.

The Ladies Professional Golf Association’s tournaments are associated with LPGA International.

With six million sf of commercial, office and light industrial space still on the drawing boards, Renar had to kick-start its residential component in mid-2000 when the late sales effort formally started. For the first three months, the developer posted $1.6 million on 12 contracts for an average $133,333 per sale.

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