The 813-acre parcel is in Georgetown, a fast-growing area about20 miles north of Austin. The buyer, Paloma Group Inc. of SolanoBeach, CA, will build an 18-hole golf course designed by JackNicklaus on the site.
The course is part of a new master-planned community calledCimarron Hills. The opening is set for early 2002.
The seller is an Austin-based private partnership known as C-7II Ranch Ltd. The deal was put together by CB's Golf CourseGroup.
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