News

Last Update :10/16/2015

Jordan Point GC Sold and Likely Not to Return as a Golf Course

143-acre golf club sold after foreclosure

Michael Schwartz October 16, 2015 0

Jordan Point Country Club has been closed off. Photos by Michael Schwartz.

Jordan Point Country Club shut down earlier this year. Photos by Michael Schwartz.

A shuttered local golf course has found its new owner, but its future in golf is unlikely.

Jordan Point Golf Club, which shut down in May after going into foreclosure, was recently purchased from its lender by Jordan Point LLC.

The entity, tied to Providence Forge businessman Eric Keck, purchased the course and its 143 acres for $825,000, according to Prince George County records. The sale closed Aug. 14.

Messages left for Keck were not returned by press time.

The country club runs along the James River.

The country club runs along the James River.

Several sources with knowledge of the deal said the property is likely to be used as a tree farm that could utilize state nutrient credits.

The property, which sits along the bank of the James River just east of Hopewell in Prince George County, was foreclosed on by EVB and subsequently closed for business earlier this year.

The club had been owned by a group of members through Jordan Point Country Club Inc., which defaulted on a $1.2 million loan issued by EVB on the property in 2007.

Joe Shearin, CEO of EVB, confirmed the sale and said he was unsure of the buyer’s intention for the property.

Prior to the sale, Shearin said the bank had received interest from numerous parties, including for potential redevelopment of the site.

Prince George County Planner Douglas Miles said nothing has yet been filed related to future changes at the property. Miles said any potential redevelopment of the site would require water and sewer to be brought across Route 10.

He said the county looks forward to seeing something new there and would also welcome conservation of parts of the property.



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