Pine Hills sold; houses to be built on course
By Greg Hilburn
Southern Pines Country Club’s partners will close their Pine Hills golf course in Calhoun and sell it to local developers who plan to build luxury residential housing on the land.
Todd Perry, one of Southern Pines’ five partners, said his group will continue toownand operate Southern Pines’ 18-hole Calvert Crossing course and residential development in western Ouachita Parish.
Perry and his partners bought the 18hole Pine Hills course and club in 2008 and joined it with Calvert Crossing under the banner Southern Pines.
But Perry said a declining membershipdictatedthesaleofPineHillstoFair
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banks Development of Sterlington, which is ownedbyKennethHarper of West Monroe and Rockland Burks of Sterlington.
Harper said the deal stipulates he and Burks must close the course, but the partners are seeking entrepreneurs to reopen the pool and the fitness center and operate the clubhouse restaurant and tennis courts.
“We’re excited about what we believe will be a primeresidential development,” said Harper, who said he and Burks are also developing suburbs in Fairbanks. “We’re selling the land in 5- to 10-acre plots.
“Even though we’re required to close the course, we’re going to keep as much of the beauty of it as possible, including the water features,” he said.
Harper said the deal is set to close Dec. 6 but could happen sooner.
Perry said he and his partners were disappointed the market couldn’t support both courses, but business dictated their decision to divest the property from Southern Pines.
“Unfortunately, the membership base could only support one course,” Perry said. “It was our hope and our plan to operate two vibrant courses for our members, but I think the economy wasn’t strong enough for that to happen.”
Perry, who didn’t disclose the sale price, said funds from the sale will be used to enhance Calvert Crossing.
“We’ll take those resourcesandputthemback into Calvert,” he said. Perry said Southern Pines had 930 members at its peak, but that number has declined to 500 members.
The Pine Hills property, which was built in 1974, encompasses 140 acres.
Perry said Pine Hills will close at the end of November. In the meantime, he said the partners will give public access to Pine Hills “so anyone who has enjoyed the course over the years can come play and say goodbye,” he said.
Follow Greg Hilburn on Twitter@GregHilburn1.
Todd Perry, right, and his partners bought Pine Hills from John Smith in 2008. FILE PHOTO/THE NEWS-STAR
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Sold: 503 Constitution Drive (Quality Inn)
Sold: Family Dollar Store / 3002 Cypress Street, WM, LA
Sold: Family Dollar Store / 3002 Cypress Street
Ford, Bacon and Davis has doubled local workforce
Engineering firm grows WM location
Ford, Bacon and Davis has doubled local workforce
International engineering firm Ford, Bacon & Davis barely finished a
50-job expansion at its West Monroe headquarters before announcing yet another
one this summer.
Michael Cruse, a senior vice president based in Greenville, S.C., said the
company is recruiting 25 more engineers, project managers, designers and
project support personnel to its operation in Richland Tower.
“We’ve almost doubled our workforce since we announced our last expansion
last fall,” said Cruse, who is a University of Louisiana at Monroe graduate.
Ford, Bacon and Davis moved to the five-floor Richland Tower in 2012,
leasing two full floors and expanding the parking lot. It has since leased a
third floor and part of a fourth.
“It gives us room for 175 people, and if we do some reconfiguring of space I
believe we could end up with 200 sometime next year,” he said. “At that point
we may have to look for more space somewhere else, but that would be a good
problem because it would mean our business growth remains strong.”
Cruse, who began his career with the firm in Monroe in 1979, said the
company continues to see significant growth in its power, renewable energy,
industrial power, specialty chemical and pulp and paper sectors.
“Personnel in the West Monroe location are supporting projects from
California to Florida,” he said. “Our clients are spending more capital.”
He said the company’s Richland Tower location has “helped revitalize our
business here. Our clients like the location and it’s helped us recruit
talent,” he said.
Cruse said the firm prefers hiring local talent, “but the pool of applicants
from the market has been minimal, so we’re having to bring people in from
outside the area,” he said. “We’re working with the local universities to try
to find as much local talent as possible.”
Ford, Bacon & Davis has a long history in the market, opening its first
local office in Monroe in 1931.
The firm once moved its world headquarters here briefly to Jackson Street in
Monroe, where it employed as many as 600 in the 1980s.
Ford, Bacon & Davis downsized its local staff in the 1990s, but had
continued to maintain a minimum workforce until beginning a series of
expansions in 2011.
Sold: Land next to Basic / Home Depot
Sold: Vacant land next to Basic / Home Depot center
Sold: Pecanland Commons (Bed Bath, Petco, et al)
Sold: 4209-4299 Pecanland Mall Drive, Monroe, LA
Multi-tenant retail center (Bed Bath, Petco, et al)
Seller: Pecanland Commons TIC – Bloomer, LLC, et al
Buyer: TKG Monroe Louisiana 2, LLC (place of business – Columbia, Missouri)
Price: $14,600,000 (Fourteen Million Six Hundred Thousand)
Land Area: 9.98 Acres
Improvement Size: Unknown
Conveyance Record: Special Deed (2340/341)
Mortgage Agreement: $12,410,000 to DB Private Wealth Mortgage LTC (3173/241)
Source: Conveyance Record / Mortgage Agreement
Note: All information and exhibits are offered for reference only and are subject to verification by the user. The accuracy of all information and exhibits is not guaranteed.
Sold: Ouachita Community Hospital
Sold: Ouachita Community Hospital
Sold: 407 / 409 North 7th Street / West Monroe (Strip Center)
Sold: Property to Commander’s Smokescreen, LLC
Sold: Fred’s Discount Store / West Monroe, LA
Sold: 207 Washington Street, West Monroe, LA