Tiger Woods, Justin Timberlake Behind Luxury Development in Florida
When an iconic golfer and a musician-turned-actor join forces on a business venture, you might expect it to have something to do with one of their vocations. If you made that assumption in the case of The Wellington, a new real estate venture in Florida from Tiger Woods and Justin Timberlake, you would be incorrect. Instead, the development focuses on the property’s location, which abuts the Wellington International Showgrounds, home to the Winter Equestrian Festival, located west of Palm Beach.
Nexus Luxury Collection, the company behind the new residential development, has plenty of connections to sports — just not anything that involves horses. The company’s founders include both Woods and Ernie Els (and Timberlake, who may not play sports but “loves sports“), as well as billionaire Joe Lewis and his Tavistock Group. Soccer fans will note that Lewis is the owner of Premier League club Tottenham Hotspur. (Full disclosure, I’m a Spurs supporter and had no idea about any of this prior to this week.)
The Wellington’s official website describes the project as “a 600-acre private residential resort community that celebrates the best of South Florida living and its rich equestrian lifestyle.” The developers plan to feature a combination of luxury homes and athletic facilities on the site, including courts for tennis, pickleball and padel — and, yes, an 18-hole golf course.
As reported by Bloomberg, the town’s links will be an updated version of the Cypress Golf Course. Other amenities cited in their report include a hotel and shops.
As for what’s behind this revitalization of what had previously been a more seasonal region, Bloomberg cited the pandemic as a factor that led to a growing number of finance workers relocating to this part of Florida full-time. The article goes on to note that the cost for completed houses and condos as starting between $4 million and $5 million, with sites for custom homes starting at $3 million.
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