What’s pushing this market segment isn’t really the golf, however. (The following month was its second-highest.) August 2020 was the highest-grossing month in the club’s history, with sales approaching $100 million. Sales figures for the Kiawah Island Club community near Charleston, S.C., meanwhile, totaled $152 million in the first quarter of 2021, with a 237% increase in the number of sales from the same period last year and a 337% increase from the first quarter of 2019. “Product releases that we expected to take months sold in days.” “The demand exceeded our wildest expectations,” he says. Lucia in the Caribbean, also sold well ahead of schedule. ![]() “If they’d had more homes that were completed,” O’Callaghan says, “we could have sold more.”ĭeveloper Ben Cowan-Dewar reports that the properties in his latest project, Cabot St. Following a trend across the country and internationally, buyers in search of turnkey homes and cushy services discovered its development 90 minutes from Manhattan in New York’s Hudson Valley. “In general, our numbers doubled during the pandemic,” he says. But you need people to live inside to support the amenities.”ĭan O’Callaghan, director of sales for Discovery Land Co., estimates that the residential-community developer was doing $60 million in sales annually at its Silo Ridge property before Covid-19, but that number jumped to $130 million after. “Before Covid hit,” Becker says, “the demand was to buy outside the gates of a golf community. Surveys conducted by GLN found that, since March 2020, 64% of those seeking both a club membership and a home were choosing to buy real estate inside a golf community-a stark contrast from 2019, when only 51% intended to live on such properties. “Demand for private golf club community amenities and real estate is at all-time highs,” says Jason Becker, co-founder and chief executive officer of Golf Life Navigators, which matches homebuyers with golf course communities. That rebound has extended to real estate as interest in vacation homes of all kinds has skyrocketed. Existing fans have been playing more rounds, too, while sheltering in place and working remotely. But like so much of life since the pandemic, everything around the game has changed: A new spate of beginners has taken it up-the National Golf Foundation estimates that a record 3 million people in 2020 tried golf for the first time. Hundreds of them closed during the last decade after the building boom of the 1990s and early 2000s. For the developer Thomas Mulroy, CEO of T-Rex Capital Group, the growing and making of food is at the heart of the Bellefield community brand.Īs recently as 2016, developers of golf communities were doing so poorly that they were donating courses to national parks to take a tax break. Bellefield is moving a step beyond other agrihoods, in that the commercial core will feature a number of businesses related to food production plans include a winery, micro-brewery, bakery, and food product makers that are incubated as an outgrowth of the Culinary Institute. There will be orchards, farm fields, a vineyard, and a working farm in the core of the community. Similar to Serenbe, half of the site will be preserved as habitat, or brought back into agricultural uses. The site plan was conceived by Phillip Tabb and Terrapin and then brought to life by Hart Howerton Architects and Chasen Engineering. This 350-acre mixed-use development, having received its planning approvals from the city of Hyde Park in December of 2021, is directly inspired by Serenbe and has involved some of the same design team. In the Hudson River Valley, across the road from the Culinary Institute of America, sits Bellefield, one of the newest agrihoods. This essay is an exploration of four true agrihoods. ![]() ![]() Whereas, in their truest form, agrihoods weave food production into the design and experiential fabric of their communities in much more meaningful ways. In many cases, these projects are conventional sprawl with a tiny community garden or orchard. ![]() Agrihoods, neighborhoods that incorporate food production into their design, have been getting more attention in the residential development world.
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