City considers plans to buy closed golf course from Lennar

March 6, 2017
Posted by: m2e Team
Category: Uncategorized

The Greater Boca Raton Beach and Park District wants to buy a closed golf course from m2e Client, Lennar Corp., which had intended to develop it.
The 202-acre Ocean Breeze Golf & Country Club at 5801 N.W. 2nd Ave., within the Boca Teeca neighborhood, was seized in foreclosure by Wells Fargo Bank in 2016. The bank closed the golf course. Miami-based Lennar (NYSE: LEN) has the property under contract from Wells Fargo. However, a deed restriction requires that Ocean Breeze must remain a golf course unless 50 percent of Boca Teeca residents approve another usage.

Lennar representatives have repeatedly met with Boca Teeca residents, but the developer has not secured approval to build on the golf course
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Author: m2e Team

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