Wellington, FL - The project known as Wellington Training Club or Section 34 in the Wellington equestrian preserve district appears to have taken a turn for the positive after it has been learned that Hines (www.Hines.com), a major private international real estate firm, is under contract to purchase the property. The Nassau Tribune reported recently that CLICO Bahamas, an insurance company based in Nassau, became insolvent and was ordered by the Bahamas Government to liquidate its assets which include Section 34.
Initial construction on the project, including roads, utilities and storm water lakes was largely completed in 2006 before CLICO was ordered into liquidation. From discussions with local broker, Diane Jenkins of Jenkins Realty, Inc., who has teamed up with Hines, a Founder Lot presale program to restart the community is underway.
We have been able to confirm that Hines' team will include the collaboration and sponsorship of two-time Olympic Gold Medalist Beezie Madden and husband John Madden. The preliminary plans show that the 525-acre community is planned for a maximum of 80 farms and a one of a kind 60 acre central amenity that will be available for each farm owner's use, including a 70,000 square foot covered arena, multiple all-weather rings and multi-purpose grass fields. The plan also includes a network of several miles of bridle fairways and numerous open riding parks are spaced throughout the community that connects each farm to the central amenity.
For information about the Founder Lot program and presales, contact Diane Jenkins of Jenkins Realty, Inc. at 561-640-4059 (office) or 561-346-6106 (cell) or via email at firstname.lastname@example.org.