Projects Developed & Managed by USAG
The Founders Club - Sarasota, Florida
Owner/Developer of a gated 700-acre, 262-home golf club community built by six of the
area’s leading builders and featuring an 18-hole, par-72 core
golf course designed by the acclaimed Robert Trent Jones, Jr. The Founders
Golf Club, limited to 275 equity golf memberships, opened its course
in January 2005, followed by the November 2005 grand opening of the
24,000-square feet clubhouse. Begun in March 2004, The Founders Club
tallied presales of homesites to builders of $54 million. Retail sales
have been equally as impressive: in its first year, The Founders Club
sold over half of the homesites, with an average home/homesite of $1.5
million. Anticipated total value of homesites and memberships at buildout
is $425 million.
Click here to visit The Founders Club
Orchid Beach Club Residences - Sarasota, Florida
Owner/Developer of a 54-residence Gulf-front project on Lido Key, with
two 11-story towers and an amenity level of 13,000 square feet. Features
include two guest suites and views of both the Gulf of Mexico and the
Sarasota Bay/city skyline. Residences range in size from 2,900 to 6,200
square feet, with prices from $900,000 to $4,600,000. By mid-2005, 51
of 54 residences had been sold, accounting for $100 million in revenue
to date. Completion is scheduled for Autumn 2005.
Click here to visit Orchid Beach Club
Beau Ciel - Sarasota, Florida
Development Partner and Manager in a 44-residence Bayfront / marina
tower in the Arts District of Downtown Sarasota, developed in conjunction
with the owners of the Hyatt Hotel. Condominium residences range from
2,300 - 7,900 square feet, with prices from $700,000 - $4,900,000.
Key features include marina boat slips, a 12,000-square-foot residents’
Plaza Club and spectacular “Bay to Marina” floor plans and
views. Fifty percent of the units were pre-sold within two months, and
40 of the 44 had been sold by completion, generating revenues of $64
million.
en Provence - Longboat Key, Florida
Successfully spearheaded the inception, design permitting, pre-marketing
and sales of Longboat Key’s most exclusive condominium residences,
all within a six-month timeframe. Efforts resulted in the project’s
complete sellout, totaling $52 million, within a three-week period.
The 5.8-acre beachfront site consists of 21 condominium residences in
three buildings. The residences occupy four stories built over parking
and feature enclosed garages for each residence. Six of the 21 residences
have private pool courtyards. The residences ranged in price from $1.6
million to $4.7 million. U. S. Assets Group as owner/developer completed
this project in December 2001 - just 24 months from inception to
completion.
Vizcaya at Longboat Key - Longboat Key, Florida
Vizcaya is a $47 million luxury beachfront condominium community with
average sales prices in excess of $1.5 million. Recipient of several
national and regional marketing and design awards, these condominium
residences successfully established a new standard for quality, price,
and resale value in the high-end Sarasota market.
Torwest, Inc. - Vero Beach, Florida
Torwest, Inc. is the Florida holding company of Galen Weston, a major Canadian investor who owns both Windsor and Orchid Island Golf & Country Club. A principal of U.S. Assets Group was appointed as President of Torwest, Inc. to develop and manage both communities.
Windsor
Windsor is a 416 acre, 395 home oceanfront community located between the Atlantic Ocean and the Indian River in Vero Beach. It has an 18-hole championship golf course designed by Robert Trent Jones, II, tennis center with 16 Har-Tru courts, croquet greensward, beach and golf clubhouses and equestrian center with a three mile pleasure riding trail and two seaside polo fields.
Founded by Galen & Hilary Weston, Windsor’s master conceptual plan prepared by the Andres Duany firm is a departure from the current thinking and practice of community development. Its premise is based on methods of town planning found in many European villages and early American Towns. Golf equity memberships have increased from $50,000 to $175,000.
Orchid Island Golf & Beach Club
Conducted
due diligence and acquisition from bank owner and provided overall management
services for this 587 acre master planned golf and beach community in
the Vero Beach area. The purchase and revival of this prestigious ocean
to river community included transitional and ongoing management, staffing
facilities, renovation, marketing programs for real estate and club
operations, as well as overall development/construction planning and
implementation, and design and construction of a 15,000 square feet
golf clubhouse as well as tennis and fitness facilities. Orchid Island
includes an 18-hole championship golf course designed by Arnold Palmer,
a 22,000+ square feet beach clubhouse plus cabanas and suites, 13 acres
of oceanfront property, tennis center, and a golf course clubhouse to be designed and constructed.
The community is secured with limited access gates and subject to strict
master association guidelines. Designed, built and sold oceanfront condominiums
at prices higher than ever achieved in the Vero Beach market. Community
will realize a profit in excess of $35 million. Golf equity memberships
have increased from $45,000 to $150,000 and are currently sold out.
Cheval Golf & Country Club - Tampa, Florida
Acquired luxury country club facilities and remaining houses, lots, and land from a foreign government controlled financial entity, subsequently sold the club to the members in conjunction with an equity plan, and successfully sold or developed and sold lots and land at prices higher than ever achieved for comparable lots in this major metropolitan market. Profits exceeded all expectations.
The Plantation Golf & Country Club - Venice, Florida
Complete project management for Plantation Associates, a Florida general partnership of Barnett Bank subsidiaries. The Plantation Golf and Country Club is a 1,220 acre master planned 3,000 home community with approximately 40,000 square feet of clubhouse facilities; two 18-hole golf courses (the “Bobcat”, ranked in the top 50 in the state of Florida, and the “Panther”) designed by golf architect Ron Garl, 13 Har-Tru tennis courts, two restaurants and 45 acres of interconnected lakes. Operations included builder sales and marketing programs, land development and home construction, master and condominium association management, resale and resort rental programs and the sale of equity memberships of the Club.
Within one year, undeveloped and developed properties were sold to local and national builders; an extensive revision of the equity membership program was successfully implemented; development matters and homeowner association turnovers accomplished; and the successful equity membership sales process was established and managed by USAG. Additionally, USAG negotiated the removal of several major development infrastructure requirements resulting in a cost savings in excess of $1,000,000.
USAG purchased the remaining assets of Plantation from Barnett Bank and successfully completed the sale of all properties.
Management and Sale of Commercial and Industrial Properties - Barnett Bank of Florida
U.S. Assets Group was selected by Barnett Bank to create and implement a business plan for the management and disposition of fourteen unique and difficult commercial/industrial properties in Charlotte and Lee Counties, Florida that had been for sale in excess of one year. This portfolio of properties included a proposed international commerce center on 115 acres with significant development restrictions and costs to be eliminated and/or reduced; a 318 acre mining operation; a large lumber year; three warehouses (a 43,500 square feet industrial warehouse with showroom and offices; a 23,000 square feet warehouse; and a 22,000 square feet pre-engineered steel building); a 10,450 square feet furniture store/warehouse; four vacant parcels of commercial land; several office buildings and a restaurant. Management requirements included tenant retention and eviction, rental collection, property maintenance and renovation, and sale of fixtures and manufacturing equipment. Coordination of land planning, legal and governmental agencies in the modification of development order conditions has also been implemented. Within six months of the implementation of the plan, seven of the above properties were contracted, representing seventy-five percent of the portfolio value.
Management and Sale of Commercial and Industrial Properties - Barnett Bank of Florida
U.S. Assets Group was selected by Barnett Bank to create and implement a business plan for the management and disposition of fourteen unique and difficult commercial/industrial properties in Charlotte and Lee Counties, Florida that had been for sale in excess of one year. This portfolio of properties included the following properties: a proposed international commerce center on 115 acres with significant development restrictions, 318 acre mining operation, large lumber yard, three warehouses, furniture store/warehouse, four vacant parcels of commercial land, several office buildings and a restaurant. Management requirements included tenant retention and eviction, rental collection, property maintenance and renovation, and sale of fixtures and manufacturing equipment. Coordination of land planning, legal and governmental agencies in the modification of development order conditions has also been implemented. Within six months of the implementation of the plan, seven of the above properties were contracted, representing seventy-five percent of the portfolio value.
Sanctuary Golf Villages - Sanibel, Florida
Sanctuary Golf Villages is a $20 million luxury condominium community overlooking an 18-hole championship golf course on Sanibel Island, Florida. This project received regional awards for design and marketing.
Hunter’s Green - Tampa, Florida
Managed for Markborough Properties, Inc., a Canadian public company with large retail, commercial and residential properties throughout Canada and the United States. Hunter’s Green is a 1,980 acre master planned community designed for 4,000 homes. It was the first project to earn the designation as a “Florida Quality Development” which entailed the most stringent environmental and infrastructure requirements in the country. Hunter’s Green has won state and national recognition for its marketing, planning and environmental programs and still serves as a benchmark for environmentally sensitive developments in Florida. The project included residential and commercial development as well as an elementary school, public facilities and numerous parks. Hunter’s Green pioneered the creation and maintenance of man-made wetlands habitats throughout the community.
Hunter’s Green
Country Club consists of a $14 million amenity complex including: a Tom Fazio18-hole championship golf course, 36,000 square feet clubhouse, 12,000 square feet athletic center with 20 tennis courts and athletic/fitness facilities with exercise rooms, aerobics, racquetball, basketball, volleyball and swimming pools.
Operations included an umbrella marketing program that generated over 200 sales annually at a net cost of less than 2% of sales revenues after builder reimbursements. The country club achieved over 1,100 members and break-even cash flow within three years of start-up, despite poor economic conditions, through innovative marketing programs and effective cost controls. Other operations included a homebuilding company, property management, security services, day care facility and a joint venture on a successful 272 unit apartment complex.
Tampa Palms - Tampa, Florida
Responsible for project planning and development analysis for Tampa Palms, a 5,400 acre master planned community located in northeast Tampa. This national award winning community includes over 5,000 residential units, as well, as commercial office and retail land uses. Amenities include The Tampa Palms Golf & Country Club consisting of an 18-hole championship golf course designed by Arthur Hills, 40,000 square foot clubhouse, and 8,000 square foot recreation center with tennis courts and Olympic size pool. Other community amenities include a community recreation center with tennis and swimming facilities, neighborhood parks, nature and bike trails.
Stoney Brook - Denver, Colorado
Stoney Brook is a 350 unit residential community located in southeast Denver. Recipient of a national award for quality design, this uniquely designed project successfully blended higher density townhome and condominium apartment product while providing aesthetic greenbelt areas throughout the community.
Sawgrass Hollow (Heritage Oaks) - Sarasota, Florida
Successfully negotiated the sale of this 500+ acre golf course PUD in Sarasota, Florida to a national building company for over $10 M. The property included plans for 850 residential units, an 18-hole championship golf course, and clubhouse facilities. Services included analysis of preliminary site planning, potential sales absorption analysis, and financial projections. This property had been on the market for nearly four years prior to USAG’s involvement.
River Wilderness Yacht and Country Club - Parrish, Florida
Conducted extensive due diligence studies for Minnesota Power Corporation in an acquisition process which included environmental issues, development alternatives, marketing feasibility and strategies, club membership marketing programs and extensive financial projections. The extensive market research, development strategies and problem identification were extremely useful to both the client, seller and others in planning and valuing the future of this project which included an 18-hole championship golf course, a 23,00 square feet clubhouse, 400 acres of undeveloped land and a large number of developed homesites.
Prime Retail, L.P. - Baltimore, Maryland
Identified, analyzed and negotiated the acquisition of a large interstate highway frontage tract in Florida for a future outlet mall development for this major outlet mall developer.
Sanctuary Golf Villages - Sanibel, Florida
Sanctuary Golf Villages is a $20 million luxury condominium community over-looking an 18-hole championship golf course on Sanibel Island, Florida. This project received regional awards for design and marketing.
Hunter’s Green - Tampa, Florida
Managed for Markborough Properties, Inc., a Canadian public company with large retail, commercial and residential properties throughout Canada and the United States. Hunter’s Green is a 1,980 acre master planned community designed for 4,000 homes. It was the first project to earn the designation as a “Florida Quality Development” which entailed the most stringent environmental and infrastructure requirements in the country. Hunter’s Green has won state and national recognition for its marketing, planning and environmental programs and still serves as a benchmark for environmentally sensitive developments in Florida. The project included residential and commercial development as well as an elementary school, public facilities and numerous parks. Hunter’s Green pioneered the creation and maintenance of man-made wetlands habitats throughout the community.
Hunter’s Green Country Club consists of a $14 million dollar amenity complex including a Tom Fazio18-hole championship golf course; a 36,000 square feet clubhouse; a 12,000 square feet athletic center with 20 tennis courts; and athletic/fitness facilities including exercise rooms, aerobics, racquetball, basketball, volleyball and swimming pools.
Operations included an umbrella marketing program that generated over 200 sales annually at a net cost of less than 2% of sales revenues after builder reimbursements. The country club achieved over 1,100 members and break-even cash flow within three years of start-up, despite poor economic conditions, through innovative marketing programs and effective cost controls. Other operations included a homebuilding company, property management, security services, day care facility and a joint venture on a successful 272 unit apartment complex.
Tampa Palms - Tampa, Florida
Responsible for project planning and development analysis for Tampa Palms, a 5,400 acre master planned community located in northeast Tampa. This national award winning community includes over 5,000 residential units, as well as commercial office and retail land uses. Amenities include The Tampa Palms Golf & Country Club consisting of an 18-hole championship golf course designed by Arthur Hills, 40,000 Sq. Ft. clubhouse, and 8,000 Sq. Ft. recreation center with tennis courts and Olympic size pool. Other community amenities include a community recreation center with tennis and swimming facilities, neighborhood parks, nature and bike trails.
Boca Pointe - Boca Raton, Florida
Managed for Markborough Properties, Inc., Boca Pointe is a 1,000 acre, 4,700 home community with a 47,000 square feet clubhouse and an 18-hole golf course designed by the Jack Nicklaus Group. Operations included umbrella sales and marketing services to builders that generated over 500 home sales annually in 1986 and 1987. This project required the negotiation and dissolution of an existing partnership and settlement/defense of over twenty previously outstanding lawsuits. Club operations were greatly improved, changing a $1.5 million loss into positive cash flow within two years. Membership satisfaction was improved and a $17 million equity conversion was accomplished without litigation. This project was completed with turnover of homeowner association, club operations and sale of remaining assets in 1991.
Stoney Brook - Denver, Colorado
Stoney Brook is a 350 unit residential community located in southeast Denver. Recipient of a national award for quality design, this uniquely designed project successfully blended higher-density townhome and condominium apartment product while providing aesthetic greenbelt areas throughout the community.
The Meadows - Sarasota, Florida
Managed real estate sales, property management and construction for Taylor Woodrow, plc, a United Kingdom public company involved in international land development, contracting and homebuilding. The Meadows is a 1,500 acre master planned community designed for 4,000 homes with two clubhouses and three championship golf courses. Operations included umbrella sales and international marketing services that achieved over 400 sales annually. The internal home construction company constructed a significant portion of this sales volume. A 300 unit investor owned resort leasing program was profitably managed to increase project sales. Extensive property management services were provided to over 40 homeowner associations, office buildings, and a retail center. Marketing sales programs reached Canada, Germany, the United Kingdom, Hong Kong, South and Central America.
