Plan Includes Resort Lifestyle Community with Premier Brand Hotel Partner, 145 Single Family Home Lots, Condo Units/Tower, and Revitalized Golf Course

August 28, 2015; West Palm Beach, FL: Banyan Cay Dev, LLC announced today its acquisition of The President Country Club from Palm Tree Golf Management LLC and unveiled initial plans for a large-scale redevelopment project of the 119 acre site. The name for the development project will be “Banyan Cay Resort & Golf Club,” which aims to build a stand-out, resort-style community in the heart of West Palm Beach. The project which received final approval from the City in March of 2015, includes an established hotel brand partner, a high-end home/tower builder, as well as a complete rebuild of the member clubhouse and overhaul of the golf amenities worthy of a world-class destination. The hotel brand partner and programming will be formally announced before the end of September.

“This will be the largest redevelopment project in West Palm Beach since CityPlace,” said Sam Bauer, President of Banyan Cay Dev. “We are very excited to roll out our plans to the public over the next few months and share with our neighbors this elaborate vision for a vibrant revitalization of this area.”

Banyan Cay Golf Club, formally known as The President County Club, currently has a challenging 18-hole championship golf course designed by Robert Trent Jones II (Designer of 2015 US Open/Chambers Bay). The course has already seen some renovations including lake bank improvements, re-grassing of some rough areas and over-seeding as well as visual enhancements to improve your golf experience.

“Our top priority with this project is to add significant value and elevate West Palm Beach with a premier resort lifestyle community and golf destination,” said Alicia Lewis, President of Banyan Cay Golf Club. “We’d like to thank Groundstone Inc. for their advisory role through the acquisition process, as well as the Palm Tree Golf team for their excellent work in presenting this development to the city of West Palm Beach for approval.”

 

The Banyan Cay Golf Club and course will remain open for play throughout the development process. Banyan Cay Golf Club will also be offering memberships during the 2015 – 2016 seasons. Banyan Cay Golf Club plans to offer additional membership opportunities in the future including social and fitness memberships, once the resort is completed.

About Banyan Cay Resort & Golf Club

Banyan Cay is West Palm Beach’s newest destination/resort lifestyle community situated just north of downtown overlooking Lake Magnolia and across from the new Palm Beach Outlets. Banyan Cay will be a $280 million total redevelopment of the golf club and community previously known as The President Country Club, and aims to be a world-class golf facility, vibrant family friendly resort community (with no required equity memberships) and premier tourism destination.

A website is currently in development that will showcase the project plans and renderings, as well a community forum that allows locals and constituents to ask questions and find out more specific information. There will also be an online press room which will feature timely updates to the project’s news updates and construction. Details of the website’s URL will be forthcoming in an upcoming announcement.

For more information on current golf membership packages and specials, please contact Alicia Lewis directly at 561.686.4700 x127, or by email a info@presidentcc.com.

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Media Contact: Chris Heuwetter, 561-654-9893, contact here

Banyan Cay Dev Master Site Plan