Richman Group Development Corp. buys part of Boca Dunes golf course – South Florida Business Journal

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Richman Group bought a large portion of the Boca Dunes Golf & Country Club in Boca Raton for $12.5 million. Cove Club Investors, which is led by David Welch of Lighthouse Point, sold 55 acres of the 98-acre golf course to Richman, a Greenwich, Connecticut-based apartment developer.

Richman Group bought a large portion of the Boca Dunes golf course in Boca Raton for $12.5 million Richman Group bought a large portion of the Boca Dunes Golf & Country Club in Boca Raton for $12.

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City of Boca Raton buys Ocean Breeze golf course, plans renovations. The city of Boca Raton and its greater boca raton beach and park district bought the former Ocean Breeze Golf Club, a 27-hole golf course at 5801 Northwest Second Avenue. Records show the seller was an entity of Wells Fargo, which seized the property through foreclosure in 2016.

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A division of Lennar Corporation believes that the course is "suffering from the oversupply of golf courses" in South Florida. – Northcliffe Golf Course, a Joe Finger-designed track in greater San Antonio, Texas, closed in late May.

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For months, city leaders have considered a handful of unsolicited bids from developers on Boca Raton’s municipal golf course, a 194-acre course northwest of Glades Road and Florida’s Turnpike, for up to $73 million. But city leaders also said in November they would do what it takes to acquire Ocean Breeze Golf Course, owned by Lennar Corp.