Billionaire Picks Up Frederica Development
Filed under: Real Estate Developments
The troubled Frederica Club has a new owner, billionaire businessman and former Miami Dolphins majority owner Wayne Huizenga. Wells Fargo & Co., foreclosed on the 2,500-acre golf resort last November. The price he paid was not disclosed. Earlier this year, Huizenga was said to be among the bidders for the entire assets of the Sea Island Co. before the developer of the iconic Georgia coastal resort went into bankruptcy. According to the article in the Atlanta Journal Constitution, Huizenga formerly owned the Boca Raton Resort and Club, the Arizona Biltmore, and the Floridian Golf Club and Marina. He currently owns the Diamond Creek Golf Club in Banner Elk, N.C.The Frederica Club on St. Simons Island has an equestrian center, a freshwater lake of more than 300 acres and one of the top golf courses in the world. Homesites available in the development start at just under $1 million.
LOOK: Bank Vault Saves 22 Lives During Tornado
Live from Microsoft's New Generation Xbox event!
Brave Woman Stood Down Armed London Attackers
Xbox Reveal liveblog on Joystiq
Dozens Killed in Oklahoma Tornado; Death Toll to Rise
Killed Soldier In London Attack Identified
Xbox One architecture panel liveblog!
The List #0147: Escape a Car Underwater
Demi Looks FANTASTIC In A Bikini
H&M's Plus-Size Model Jennie Runk Says She Chose To Gain Weight
PHOTO: Dog Guards Dead Victim's Body After Oklahoma Tornado Disaster
Okla. Sheriff's Deputy Finds Dog Guarding Body Buried Under Destroyed Home
Selena Gomez Leaving Justin Bieber's House: Booty Call Rumors Swirl
Surgeon's Remove Giant Hairball From Tiger
Okla. School Survivor: Teacher 'Saved Our Lives'
Man Reportedly Beheaded In Brutal Assault In London Neighborhood
Helen Flanagan Launches PETA Campaign As Only She Knows How
Pope Francis Says All Who Do Good Are Redeemed - Atheists Included
U.S. Acknowledges Four American Citizens Killed In Drone Strikes
Wolf Blitzer's Embarrassing Moment With Tornado Survivor
Singer Sues McDonald's, Claims Chicken Sandwich Incident Ruined Her Voice
Mother Dies With Infant During Oklahoma Tornado
The World's Most Powerful Women
Help For Heroes Killing
PHOTOS: Tornado Aftermath Leaves Trail Of Destruction
PHOTOS: Christie Brinkley Gets Back Into A Swimsuit At 59 Years Old
NY Times Eviscerates Obama White House
White Father Allegedly Suspected Of Kidnapping Biracial Daughters
Who Won 'DWTS'?
Oklahoma Senators Face Difficult Options On Disaster Relief
WATCH: Tornado Victim Finds Dog During CBS Interview