Why book a golf holiday in Saudi Arabia. Getty Images AUGUSTA, Ga. - Less than 24 hours before making his first trip to the Masters . All members of your party must be registered in your room rental reservation before having access to the WaterSound Beach Club. A rustic Italian eatery, a French brasserie, and alfresco oceanfront dining. Frederica features a 400-acre fresh water lake, 400 home sites, interconnected waterways, tennis courts and horse stables, as well as a six-year-old Tom Fazio/Sir Michael Bonallack golf course. The Frederica Club foreclosure happened before Sea Island filed for bankruptcy protection in August. Billionaire businessman and former Miami Dolphins majority owner Wayne Huizenga has purchased Frederica Club, an exclusive golf club developed by the Sea Island Co. Who bought Sea Island? To learn more about Frederica Golf Club, click here. For more on Sea Island, including a lunch I had with Bill Jones III, check back on Friday. Frederica is an upscale private neighborhood attracting interest because of its sprawling lot size and appreciation of nature. Once on Sea Island, you dont even need a car with additional on-site transportation available. ST. SIMONS ISLAND, Ga. - Billionaire entrpreneur Wayne Huizenga is the new owner of coastal Georgia's Frederica Club, a 2,500-acre golf resort built by the Sea Island Co. Wells Fargo & Co.. This majestic setting serves as the backdrop for five four-bedroom, 2800 square foot luxury golf cottages, constructed and furnished with unsurpassed quality and offering wonderful proximity to the Frederica Golf Clubhouse and the rest of St. Simons. There is are so many great properties to choose from, sprawling golf course houses, beach condos and resort rentals. Saint Simons Island Fishing Pier (25 minutes) - Cast a line off the pier and hope to catch a big one! How much does it cost to join Frederica? For a secluded retreat, WaterSound is the ideal getaway showcasing breathtaking scenery and sugar-white sand all within a private community. Banen er ben for krsel med troellys og eltrolleys. Please contact Frederica Golf Club to learn more about Membership opportunities. https://www.explorestsimonsisland.com/Sea_Island.html, https://golfproperty.com/lp-article/10-things-you-should-know-when-buying-a-golf-home-in-fisher-island-fl/, https://www.emeraldcoastmagazine.com/watersound-origins-why-buy-now/, https://www.portcarlingboats.com/a-visit-to-the-historic-bigwin-inn/, https://realestatescorecard.com/community-reviews/east-coast-middle-florida/orchid-island, https://www.flcoldwellbanker.com/orchid-island/, https://www.tripadvisor.com/FAQ_Answers-g35253-d106823-t527767-Must_you_stay_at_the_resort_in_order_to_play_the.html, https://www.georgiatrend.com/2008/01/01/high-tide-at-sea-island/, https://www.ajc.com/business/billionaire-huizenga-buys-former-sea-island-club/LL07ch9G7UMvnTIEPHNoOO/, https://www.seaisland.com/about-sea-island/history/, https://www.bizjournals.com/atlanta/news/2016/06/14/anschutz-family-takes-control-of-sea-island-co.html, https://www.goldenisles.com/discover/sea-island/, https://www.manhattanmiami.com/blog/miami/guide-to-living-on-fisher-island-florida, https://www.fisherislandclub.com/membership, https://www.watersoundinn.com/experience/watersound-beach-club, https://www.visitsouthwalton.com/neighborhoods/watersound/, https://www.culturalsurvival.org/publications/cultural-survival-quarterly/minority-within-minority-cultural-survival-taiwans-orchid, http://www.fredericaliving.com/frederica-golf-club, https://deloachsir.com/st-simons-island-real-estate-notable-residents/, What is the most popular Colour handbag? Private Courses. Yes, you must be a resort guest or member to play the Sea Island golf courses. The teaching area and practice facility are second-to-none, especially the short-game area. With 3 convenient locations in Historic Downtown Brunswick, Georgia offering over 100 unique offices, The Wick is a community of entrepreneurs, small businesses, professionals, non-profits, creatives, and more. Unlike other Fazio designs, Frederica's golf course boasts larger greens than most of his other courses. He is expected to buy Frederica, the 3,000-acre residential development that was a private portion of the Sea Island Co.'s holdings until owner/CEO Bill Jones III was forced to deed it back to Wells Fargo, thus avoiding foreclosure. - Unaccompanied Guest Fees with a Walking Caddie ($380.00 per player + tax + gratuity) "What other club in the country has six dues paying members who played in this year's Masters and U.S. Open?" inquired Steve Archer, director of golf. This purchase brings together two iconic resorts which collectively have a 186-year tradition of service excellence and marks the return of this historic property to long-term family stewardship and commitment. Prospective owners must also apply for Sea Island Club membership, pay a $150,000 deposit and annual dues that range from a $12,000, all-inclusive package, to lower tiers for social, golf and/or tennis packages. Not far from Saint Simons Island, Frederica Golf Club offers terrific views and challenging play for golfers at every skill level. More Details $6,750,000 3,342 Followers, 366 Following, 231 Posts - See Instagram photos and videos from Frederica Golf Club (@fredericagolf) fredericagolf. The two-day event, formerly known as "The Carmel Cup," had been played at Pebble Beach in . Nearby developments include: Coastal Club Apartments, The Enclave, Legacy Apartments, Lanier Landing Apartments, Sam's Club, Home Depot, Hobby Lobby, Academy Sports, Home Goods, Panera, Chick-fil-a, Cheddars, Chipotle, and many more. The spacious open floor plan stretches effortlessly between the living room, dining room, and kitchen, creating the perfect layout for entertaining guests. Filing 6 MOTION for Leave to Appear Pro Hac Vice Fee Amount $200, by Frederica Cottages, LLC, Frederica Golf Club, LLC, Lawrence Road, LLC. Optional services are available for an additional fee: 4.0740666667. As noted, though, a semi-private course does allow members of the general public to play its golf course without needing to be the guest of a member. Home Site View Orientations: River, Marsh, Lake, Rookery, and Golf Course views. Fishing equipment: $20 per person per day. Both the Frederica Cottage or Red Maple Cottages are also a wonderful option, whenever you need extra space for guests or family. Sep 7, 2022 to Sep 8, 2022. In April, Huizenga (above, 1996), the billionaire former owner of Blockbuster, Waste Management and three Miami sports franchises (the NFL Dolphins, MLB Marlins and NHL Panthers) sold the Floridian, a private golf and yacht club in Palm City, Fla., that had been a personal playground for him and his high- profile friends. But don't let the welcoming greens and broad, undulating fairways featuring exemplary maintenance, lower your guard. Frederica Golf Club. The lawsuit accuses the defendants of failing to make payments per a purchase agreement. St. Simons offers a network of interconnected paths, perfect for walking or biking to different parts of the island. NORMAN The Oklahoma men's golf team is set to open its 2022-23 campaign at the Frederica Cup this week in St . The companys remaining assets are scheduled to be sold at auction Monday in Atlanta. Through our world class facilities and staff, we are able to provide outstanding service for our members and their guests. Billionaire businessman and former Miami Dolphins majority owner Wayne Huizenga has purchased Frederica Club, an exclusive golf club developed by the Sea Island Co. Sea Island is purchased by the Anschutz family which also owns The Broadmoor in Colorado Springs, Colorado. The Red Maple Cottages offer five richly appointed cottages, each reflects a different facet of our community. Each kitchen features custom cabinetry and state of the art appliances, sure to help you cook every meal to perfection! Playing as individuals, Glynn's Michael Cook and Walker Larkin each shot 81, and Frederica Academy's. Plantation at Sea Island Golf Club. The Frederica Cup. Amazing service and world class staff. The Frederica Cottage, adjacent to the clubhouse, offers 4 lavish guest suites, each with a morning bar, seating area and private bath. 2020 Frederica Living. Located just east of St. Simons Island and separated by the Black Banks River, Sea Island is a privately owned resort community that is part of the Golden Isles of Georgia, which include St. Simons Island, Jekyll Island, Little St. Simons Island, and the mainland port city of Brunswick. INDOOR GOLF GREENFEE GOLFOPHOLD Fredericia Golf Club lige nu: Vinterbanen er ben - tidsbestilling p GolfBox Banen er LUKKET for krsel i buggy og for krsel med egne monobuggys, lbehjul mm. Trained at some of the nations finest programs, they will provide you with valuable, in-depth knowledge of the course's nuances and compliment the remarkable experience you will enjoy playing Frederica's golf course. Cumberland Island (1 hour) - With protected beaches, maritime forests, and wild horses, Cumberland Island is full of natural splendor. How to care for white leather golf shoes? Beautiful home sites with live oak canopies complementing the natural environment, and the variety and quality of housing choices, in addition to the unmatched amenities has attracted many new families to considering Frederica as their home. St Simons Island, Georgia. Each luxury cottage features four exquisite king bedrooms with private baths, each decorated with superb taste. Responses due by 4/25/2022. What are the different types of golf rangefinders? Trump-owned golf courses: - Aberdeen, Scotland - Doonbeg, Ireland - Miami, Florida - Ferry Point, New York - Los Angeles, California - Turnberry, Scotland It was not just the great golf courses (three of them at Sea Island Golf Club alone, plus Ocean Forest, Frederica and Retreat Golf Club) and their practice facilities that attracted the golfers. September 7, 2022. In 2017, Austin joined the PGA and accepted a full time position at the The Ford Plantation as Lead Assistant Golf Professional. 5 0 obj Well, I'm chomping on this gum because I usually get hungry, I keep eating so much, and it curbs my appetite a little bit, which is nice, Woods said. Because it only costs $26 for 18 holes and a cart, you can't beat that deal. *Please note that the photos included herein are representative of Frederica Golf Club Luxury Cottages and may not be the actual unit you are reserving. Frederica Golf Club offers six four-bedroom cottages near the Clubhouse for member and guest accommodations. Situs and its agents offer a bespoke real estate experience for first-time to seasoned buyers as well as investors and developers alike. Former Frederica Academy golfer Thomas Henderson tees off on Day 1 of the 71st annual Golden Isles Invitational at Brunswick Country Club in July. MEMBERSHIP: GOLF: DINING: WEDDINGS & EVENTS . Hillbrook offers a wide range of services including fine-dining, accommodations, tennis, pool, fitness, weddings and corporate events. The 18-hole Frederica Golf Club in Saint Simons Island, GA is a private/community golf course that opened in 2005. Club Accountant Frederica Golf Club (Former Employee) - St Simons Is, GA - January 15, 2019 Under management of Huizenga Holdings Inc from Oct 2010 until March of 2018, working for Frederica Golf Club was, by far, the greatest work experience of my life. Experience Frederica Golf Club living like never before, with direct golf cart and walking access to the club from this gated 27 home development located adjacent to the Frederica Golf Club practice and learning facilities. Frederica Golf Club (GA) Whistling Straits (WI) Cabot Cliffs (NS, CAN) Prairie Dunes Country Club (KS) The Olympic Club. And then it didnt. Find Terns Landing homes for sale near Ocean Pines, MD like a real estate agent! The world-renowned Frederica Golf Club is just across the lake from the property. The staff and the congenial membership make Frederica right for our family. 135 Kirkaldy Ln, Saint Simons Island, GA 31522. These guidelines also assist in achieving a continuity that embraces residential architecture, varied in style, yet consistent in design quality and craftsmanship. Ocean Course at Hokuala Lihue, HI. Warm, intimate steakhouse. Part of the major road expansion to complete the Pikes Bluff Loop included simultaneous expansion of Frederica Lake. Membership includes privileges for primary member, spouses, and dependent children under the age of 24. x\Kqb'(K$mEnZ\tw Contact Daren at, Dylan is a Connecticut native and grew up in Tampa, FL. GOLF DIGEST MAY EARN A PORTION OF SALES FROM PRODUCTS THAT ARE PURCHASED THROUGH OUR SITE AS PART OF OUR AFFILIATE PARTNERSHIPS WITH RETAILERS. The Wick is a shared work space that offers tenants the privacy of individual office spaces with the amenities of larger office buildings. Spend your next coastal getaway living the life of leisure at the incomparable Frederica! Through the golf program at Coastal, Austin completed internships at The Riviera Country Club, Pebble Beach Golf Links, and The Ford Plantation. You'll love heading back to your stunning nightly retreat after a long day of championship golf! Resort. Each Equity Membership represents an equity ownership in the Club. 449 What time does the Players Championship start on Sunday? 9 when his approach sailed the green, a double at 10 when his chipping deserted him, a bogey at 12 when his tee shot came up short. The Golf, Equestrian, Lowcountry or beachside dcor all hold their own special appeal. Frederica Golf Club offers several membership categories for property owning members. Guests of The Inn can enjoy complimentary vehicles on a first-come, first-served basis. Fazio, a longtime resident of Hendersonville, N.C., has designed over 200 courses, including Pinehurst Resort's No. THE MATERIAL ON THIS SITE MAY NOT BE REPRODUCED, DISTRIBUTED, TRANSMITTED, CACHED OR OTHERWISE USED, EXCEPT WITH THE PRIOR WRITTEN PERMISSION OF DISCOVERY GOLF, INC. 2023 DISCOVERY GOLF, INC. ALL RIGHTS RESERVED. Frederica The Farm sunbeltgolfer Advanced Members 586 Handicap: DOB Location: Beech Mountain NC Feedback 0 0 0 Total Rating 0% Posted May 7, 2013 It may not be far enough South for you, but, Ballyhack sounds like what you are describing. Who designed Frederica Club? But this tiny island community and neighboring Sea Island is now home to approximately a dozen PGA Tour players, including Matt Kuchar, Zach Johnson, Harris English, and Brian Harman. The first is the Social Membership, where the $15,000 initiation fee will be waived for those purchasing one of the remaining lots. THIRDHOME members pay a resort fee to Frederica Golf Club of $500 per week or $35 per person, per day which includes full access to the clubhouse, dining, boathouse, pool, tennis and fitness center. Sea Island is purchased by the Anschutz family which also owns The Broadmoor in Colorado Springs, Colorado. The Club at Hillbrook, a private 50-acre estate, is located minutes from downtown Chagrin Falls, Ohio at the end of a picturesque country road. Please review the golf course initiation fee and amenities below. He has spent time working at golf clubs such as TPC Jasna Polana, Adena Golf and Country Club and most recently Charlotte Country Club. SouthEast Adventure Outfitters (15 minutes) - Explore your way through the Golden Isles of coastal Georgia with this amazing kayaking outfitter. But this tiny island community and neighboring Sea Island is now home to approximately a dozen PGA Tour players, including, THIRDHOME members pay a resort fee to Frederica Golf Club of, Prospective owners must also apply for Sea Island Club membership, pay a, Billionaire businessman and former Miami Dolphins majority owner. We shouldnt even be telling you this since, by sheer definition, one of the reasons that Frederica is so magical is because it has somehow managed to stay off o/f the well-beaten path. Frederica features a 400-acre fresh water lake, 400 home sites, interconnected waterways, tennis courts and horse stables, as well as a six-year-old Tom Fazio/Sir Michael Bonallack golf. As a graduate of Stetson University, he was a four-year member of the men's golf team. Frederica Golf Club. The Annual Membership requires a one-time initiation fee of $42,800.00, and annual dues of $24,824 (inclusive of tax). Quintero Golf Club Peoria, AZ. You'll never have to visit the same place twice. Saint Simons Fishing Company (15 minutes) - Charter a fishing boat with the friendliest guides in the area! Where will the GCC Golf Championships be held in UAE? Mr. and Mrs. Huizenga have left no stone untouched. After buying Hamilton Hall, the building behind the 18th green at St. Andrews' Old Course, in 2009, Kohler said he had interest in other distressed golf properties. Kohler did not return calls seeking comment, but speculation is he wants to build his own resort there, including at least one golf course. There were 13 homes at Frederica when Huizenga Holdings began development of the property in early 2011. We are a private golf club dedicated to creating an unmatched golf and club experience. not to mention some great fishing!. Miami-based Platinum Luxury Auctions is managing the sale in cooperation with listing broker Al Brown of the. 0'6|?-aE( ^uX*!ASf!0 ZDfG3I>03*T3_#0LX;_-V {g#2vvr6T x9 Q+6-&kN_q1nb*gq/#jVY]ddendstream 6 0 obj Now, including all of the homes under construction and in design, there are 56, shares Tommy Elsberry, President of Frederica Realty. Wayne Huizenga bought Frederica, a private portion of what was Sea Island in Georgia. Though there was no extensive damage to the club structures, the course lost more than 200 trees on and around the golf course and community. __[#image: /photos/55ad7326add713143b424a0f]|||Frederica_5.jpg|||"We are excited about the opportunities that Frederica presents," said Wayne Huizenga. He attended Florida State University where he graduated with a degree in Business and Professional Golf Management. Dylan Malafronte, Head Golf Professional: Dylan is a Connecticut native and grew up in Tampa, FL. Designed by Tom Fazio, this course is characterized by rolling hills, massive oak trees, and natural finery, giving players a unique experience on each and every hole. You cant go wrong living here! The first-class amenities and extraordinary team of professionals are focused entirely on providing high quality experiences. Situs Real Estate is a boutique real estate firm located in Southeast Georgia that focuses on luxury residential sales as well as commercial real estate. Famous for its magnificent location on Georgia's coast, Frederica is home to one of the Southeast's most prestigious golf clubs. Located right on the island and access to several great restaurants. The nearly 3000-acre Frederica community sets the stage for carefree living, offering days brimming with outdoor luxury, beauty, and most importantly, golf. Frederica Golf Club - Four Bedroom Luxury Cottages. Created in collaboration with Sir Michael Bonallack of the Royal and Ancient Golf Club of St. Andrews and in concert with the natural surroundings, the course is set on more than 300 acres. Frederica Golf Club prepares Tour pros for Augusta National. Captain Teddy Elrod, Wildlife and Recreation Manager, is excited about the additional areas for boating and fishing and now manages the interconnected waterways all the way to the southern areas of Frederica. This Tom Fazio designed course is unlike any that you have experienced. . The club is located at One Country Club Drive in Macedon. Perfect for a golf trip or a vacation getaway. Frederica Golf Club is a private golf club in St. Simons Island, Georgia dedicated to creating an unmatched golf and club experience. The complaint pursues claims against Frederica Cottages LLC, Frederica Golf Club LLC and Lawrence Road LLC. Want to know more about Frederica Living? St Simons Island, Georgia, United States. Q: Who owns the Club Facilities? 3,342 followers. The secret is Frederica. Plan your meals around your stay, your mood, or wherever the day takes you. And then when you are ready to look at homes or condos in around the golf course give us a call! The state-of-the art swing assessment and club fitting technology is utilized by the professional staff. Horseback riding experiences that are perfect for equestrians of all ages. Designed by Tom Fazio, this course is characterized by rolling hills, massive oak trees, and natural finery, giving players a unique experience on each and every hole. Recently completed, this stunning home is perfectly situated with panoramic deep water and marsh views on 1.73 acres. What PGA players live on St. Simons Island? Located on Bigwin Island in the Lake of Bays, Muskoka, Ontario, the Inn has played host to the rich and famous over the decades.10 Jun 2017. The incredible quality of life offered by Frederica is only enhanced by the magical surroundings. All food and beverage charges will be subject to current sales tax and 20% service gratuity. Private golf club experience. Frederica Golf Club. - Lot / Land for sale. Eleven PGA pros have chosen Frederica because of its unmatc. From the moment you enter the gate at Frederica, your line of sight is filled with gorgeous vistas of natural pine forest, stately live oaks, and the very pinnacle of beautiful golf courses. Author: golficity.com Published Date: 05/31/2022 Review: 4.34 (366 vote) Summary: Good Good Golf, a company founded by Garrett Clark, Matt Scharff, Stephen Castaneda, Micah 'Tig' Morris, and Tom 'Bubbie' Broders has become a national icon for the golf industry Matching search results: From filming 1 v 5 scrambles to epic match play challenges, the Good Good squad has anything and . The secrets out. The oaks, some of more than 1,000 transplanted when the lake was excavated, and towering slash pines provide good visual markers. He attended Coastal Carolina University where he graduated with a degree in Business and Professional Golf Management in 2016. With the completion of the Residents Gate and Mail Center in 2013, the southern part of Frederica has become a popular choice for new residents, shares Alex Muxo, President of Frederica Development Group. Tee times in this area. endobj Halfmostly elders and children under their carestill reside on the island, while the young adults are away working on Taiwan. The regular monthly fee of $350 is also reduced to $150.12 Jun 2015, Begun in 1915 and opened in 1920, the famous Bigwin Inn was once the largest and most luxurious resort in North America. On course cottages are really nice. Responses due by 4/25/2022. In addition, purchasers of Frederica Development Group, LLC properties are also invited to make application to the Sea Island Club as either a Full Golf or Beach and Sports Member. 150 Frederica Stables Drive St. Simons Island, GA 31522, (912) 634-1500 Get Directions Obtain the Property Report required by federal law and read it before signing anything. For strength, rehab, and muscle memory motions, BURN180 gives you a complete and total workout in 20 minutesand the versatility to burn just about anywhere. A poorly timed $500 million renovation project undertaken in the mid-2000s ultimately buried Sea Island under crushing debt and forced it into bankruptcy. The Stables at Frederica (5 minutes) - Georgia's premier esquestrian facilities. What does a private golf course mean? The BURN180 system takes less than 30 seconds to set up and less than 10 seconds to take downand stores in a carrying bag for effortless transportability. Compare pay for popular roles and read about the team's work-life balance. . Georgia Sea Grill (25 minutes) - This casual, yet refined, restaurant specializes in delicious and fresh local seafood. Those rumors never panned out. Tradition Golf Club (CA) . Adjacent to the pool, you'll find two professional Har-Tru tennis courts and a well-equipped fitness center. The average home price, Brown says, is $3 million, with most residences under $10 million. It's safe to say Sea Island will take on a new direction in the coming months. 88 were here. Golf Course & Country Club. The course itself it not spectacular, it has 2 sand traps, both are rock hard; only one real water hazard, and one tall grass swamp. Private Residence with 2 levels4 bedrooms, 4 baths, 2800 square feet, 261 square meters, King, King, King, and King8 guests maximum, Malcolm McKinnon Airport (SSI), Brunswick, GA Airport (BQK)15 minutes by car (SSI), 30 minutes by car (BQK), Pets Welcome Upon Approval Not Handicap Accessible. From 24 Jan To 26 Jan Time 5am - 9pm Price $0 - $500 Golfers Any1234 Holes Any918 36 Search tee times Fore! He has spent time working at golf clubs such as TPC Jasna Polana, Adena Golf and Country Club and most recently Charlotte Country Club. The quaint historic village in the town center is lined with shops, galleries, and restaurants for you to peruse. 366 following. A bogey at No. None is more distressed than Sea Island, an 82-year-old hideaway in St. Simons Island, Ga., that includes two luxury hotels (The Cloister and The Lodge), two affluent private golf communities and four golf courses. Request more information and join our mailing list. The waterways are stunning and offer hours of boating pleasure . USE OF AND/OR REGISTRATION ON ANY PORTION OF THIS SITE CONSTITUTES ACCEPTANCE OF OURVISITOR AGREEMENT(UPDATED 1/6/23),PRIVACY AND COOKIES NOTICE(UPDATED 1/4/23) ANDCALIFORNIA PRIVACY NOTICE. Southern Soul Barbecue (15 minutes) - Southern Living Magazine's "The South's Best BBQ 2018". Uncover why Frederica Golf Club is the best company for you. A golf geek could sit there for hours and hours and hours and never get bored. Great golf course/ facilities, clubhouse, and other amenities (pool, boathouse, etc). A: Frederica Hospitality Group, LLC and Frederica Club Amenities LLC, Georgia . . 4, No. Bike Rentals: $25 per day. 8;Xw\=ILs>6]Q>Fk2W^a+Ht*F.v HAa73'5gt#tR'F]\_ m`B}bk:iw:+ a{4O3V8+/m.m(Y>XC_.RhC ]/=AT80jFFk0O+7GTkUQ0I16 W`>.^,M)$L-;j-'@T|R5M>)1vzW>'ZXsz|cz%yio>}N* o8JXF&1}%B#bkg9A The sale price for the Frederica Club was not disclosed. Members treasure the Tom Fazio designed golf course and state-of-the-art Golf Learning Center. 231 posts. Moreover, the beach and ocean are just minutes away! Price range of home sites: $295,000-$2,500,000, Price range of homes: $900,000s to $6,750,000, More information: fredericaliving.com or 912.634.1500. Letters from David - A slice of island life from the monthly Publisher's Letters of Elegant Island Living Publisher David Butler. For member use, or for your guests, six elegant Club Cottages are available. How much money will Rahm Rahm win the PGA Tour Mexico Championship? I can only describe the course as spectacular. The main resort complex is 12 miles from the 18-hole golf course, which is located on the quiet north end of the island. The Future of financially beleaguered Sea Island Co. is still uncertain, but federal regulators are preparing for an auction Oct. 11 in Atlanta at which the property is expected to sell for at least $197.5 million.

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