Golf News for Thursday, April 25, 2013 | Courses

Virginia's Westham Golf Club undergoes construction by Nicklaus Design

VIENNA, Va. -- Westham Golf Club - owned by iStar Financial and managed by Billy Casper Golf - will begin construction next spring on its second nine holes to complete the 18-hole Nicklaus Design course in Moseley, Va., just southwest of downtown Richmond in Chesterfield County.

Westham is the only golf course in greater Richmond by Nicklaus Design, the firm founded by golf legend and renowned designer Jack Nicklaus. The new holes, crafted in association with architect Tom Clark, will seamlessly meld with the existing nine that feature wide, undulating Bermuda-grass fairways, vintage scruffy-edged bunkers, and dramatic elevation changes.

Nine holes opened to public play and critical acclaim in 2010, and the additional nine are scheduled to open in spring 2015.

The course is the centerpiece of Magnolia Green, the master-planned community ranked No. 1 regionally by Integra Residential Report for new single-family home closings. iStar Financial assumed ownership of the property through foreclosure in 2009. iStar completed the first nine holes and continues to commit substantial resources to both complete the course and the entire Magnolia Green community.

"With its current nine holes open, Westham has received rave reviews from media, loyal daily-fee golfers, and Magnolia Green residents," says Tom Page, vice president of iStar Financial. "The second nine will bring additional harmony and balance to the routing and golfer experience, and we are excited to team with Nicklaus Design to complete this world-class course."

Hole No. 2 at Westham, a mid-length par 4, has quickly established itself as a signature hole. Beyond the receptive landing area off the tee, a nerve-jangling, downhill second shot into a heavily protected green that slopes from back to front grabs the attention of all golfers. When all 18 holes are open, it will be re-routed as No. 18, making for a spectacular finish.

Under the eco-friendly stewardship of Billy Casper Golf, the course is a Certified Audubon Cooperative Sanctuary. Abundant wildlife and fully restored streams lined with native shrubs and grasses create a natural environment.
Magnolia Green is a vibrant, resort-style, family oriented development zoned for 3,550 homes. The master-planned community offers a variety of housing options for first-time home-buyers, families with children of all ages, empty-nesters and active adults.

The community currently has four, very active regional builders: Craftmaster Homes, HH Hunt Homes, Royal Dominion Homes and Ryan Homes. A new section of custom homes from local builders will open in the spring 2014, showcased at the 2014 Richmond Homearama, which will be held at Magnolia Green

Exceptional schools helped Chesterfield County rank as one of the "100 Best Communities for Young People" by America's Promise Alliance, and Magnolia Green is currently assigned to the Cosby High School cluster.

As part of Magnolia Green's active, healthy-lifestyle theme, Arbor Walk opened last summer. It contains a junior Olympic pool with a children's play area, a multi-purpose sports court and walking trails throughout the community. Tennis courts, playing fields, parks, playgrounds and other amenities are planned, along with commercial and retail additions, as the community continues to develop.

Magnolia Green will also be home to a county elementary school, along with a new county park. In addition, approximately 25 percent of the development is allotted for open space, including a major portion of Blackman Creek that traverses Magnolia Green's 1,896 acres.

Westham and Magnolia Green are located on the north side of Hull Street Road (US-360 W), 6.2 miles west of VA-288.

For more information contact: Westham Golf Club - 804.639.5701, www.westhamgolfclub.com; Magnolia Green - 804.639.9954, www.magnoliagreen.com

About iStar Financial
iStar Financial, the owner of both Magnolia Green and Westham Golf Club, is one of the nation's largest investors in luxury condominium, multifamily and master-planned residential developments throughout the United States. We believe that great ideas, developed by great people, generate great returns. Our portfolio has included interests in over 18,000 condominium units in the nation's top markets and more than 65,000 acres in master-planned communities having the potential for an estimated 50,000 single family and multifamily units. The Company's unique, fully-integrated development, finance and investment platform extends from property acquisition, entitlement, development and construction, through financing, asset, property and portfolio management.

iStar Financial, focused on the real estate industry, is traded on the New York Stock Exchange under the symbol "SFI." Additional information on iStar Financial is available on the Company's website at www.istarfinancial.com.

About Billy Casper Golf
Billy Casper Golf, current manager of Westham Golf Club, is the largest domestic owner-operator of golf course, country clubs and resorts, with more than 140 properties under its turnkey management. Founded more than 20 years ago in cooperation with golf legend Billy Casper, the company is headquartered in Vienna, Va., with regional offices strategically convenient to courses' locales. A division of Billy Casper Golf, Buffalo Communications is the leading global golf-lifestyle public relations, branding, marketing-communications, graphics and strategic services firm.

For more information: www.billycaspergolf.com, www.buffalocommunications.com, 703.761.1444

CONTACT:
Nick Lashinsky
Billy Casper Golf / Buffalo Communications
703.891.3324
nlashinsky@billycaspergolf.com
www.buffalocommunications.com
www.billycaspergolf.com
@billycaspergolf