Boasting 18 hard, clay, and grass courts in its prime, The Players Club attracted top notch players and hosted several celebrity exhibits and professional tournaments. Now its future is uncertain reports popular real estate news and information website, GoToby.com
Palm Coast, FL (PRWEB) September 12, 2007 -- The Players Club tennis complex, together with the currently dormant Palm Harbor Golf Club once represented the core of Palm Coast recreation. Boasting 18 hard, clay, and grass courts in its prime, The Players Club attracted top notch players and hosted several celebrity exhibitions and professional tournaments. Lenders have foreclosed on the property.
The City of Palm Coast recently entered into an agreement (story) for Centex Destination Properties to transfer title of the Palm Harbor golf course to the city for resurrection as a municipal course. The future of The Players Club is less certain. Under foreclosure, it will be sold to the highest and best bidder at the Flagler County courthouse at 11:00 a.m. on September 13.
The Players Club was already struggling when it was purchased by European Village LLC (AKA Peter Roehr) in 2003. It was subsequently transferred to EV R&R Holdings LLC (also AKA Peter Roehr) December 22, 2005. On that same day, a mortgage on the property in the amount of $4,000,000 was recorded by Mandela Holdings LLC and Lending House, the plaintiffs in the foreclosure. The 13.44 acre property and improvements are assessed for $2,877,450.
Additional Lis Pendens (a legal filing typically associated with an action to foreclose) have also been filed against EV R&R Holding LLC for:
Unit 223 Bldg B, European Village
Unit 410 Bldg B, European Village
Unit 227 Bldg C, European Village
Integrated Resorts has been operating European Village's hotel/residential rentals, common area, and the Players Club facility for two months under a management agreement. The swimming pool has been resurrected and other improvements made. Synergy Health Systems has occupied the former tennis clubhouse and outfitted it as a fitness center. When contacted for comment on the foreclosure sale and its effect on them, Integrated Resorts partner, Garrett Spitzer could only say "We are dealing with it on a daily basis."
About GoToby.com LLC:
GoToby.com is the popular on-line news source for Palm Coast and Flagler County Florida's residential and commercial real estate markets, offering news, commentary, newsletters, articles, property listings, recent sales, and interesting rumors.
Contact:
Don "Toby" Tobin, Publisher
GoToby.com LLC
(386) 931-7124
www.GoToby.com
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