Swiss progression company Centaur Group envisions a luxury network around a new golf course in Palm Beach County.
Centaur Group bought 392 acres in the vast Avenir in Palm Beach Gardens, Florida, for $60 million, according to asset records.
Centaur Group plans to build 218 luxury single-family homes, ranging from 4,000 to more than 7,500 feet, around a golf course designed through sports legend Jack Niclaus, all as a component of a progression called Panther.
Centaur’s assignment is just an internal assignment of Avenir, a planned site in South Florida, in the northwest corner of Palm Beach County along Northlake Boulevard.
In 2012, the distributor, Avenir Holdings, controlled through David Serviansky, purchased a 4,700-acre piece of land for $20 million, according to the filing, with the goal of transforming it into a mega residential community.
Coral Gables’ Landstar Development Group, a Serviansky associate, installed the site’s main infrastructure through eye-catching pavement, drainage and sewer, before promoting homebuilders such as Centaur, as well as Toll Brothers and Kenco Communities. Earlier this year, Serviansky sold 445 acres to Landstar for $69. 4 million.
In panther’s development, infrastructure structure has already begun, according to Centaur, and home sales are expected to begin through the first quarter of 2022.
“This parcel of land represents the last remaining opportunity to expand a network of luxury golf courses in Northern Palm Beach County, one of the most powerful genuine residential real estate markets in the country,” said Dominik Senn, founder of Centaur, who also claims to be an agent sportsman and former alpine skier.
Centaur bucks the trend of developers devouring failed golf courses to build homes. Just this week, North American Development Group (NADG) secured a $95. 7 million loan to build 252 homes at the Mizner Trail Golf Club, which closed in 2005. .
The Swiss company also obtained a $35 million loan from Naples, Florida-based Panther National Lender, according to public documents.
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