You Won’t Believe The Amenities At This Residential Resort And Club In Jackson Wyoming
The Snake River Sporting Club is a residential resort and private club located only 20 minutes from downtown Jackson, Wyoming. COURTESY OF SNAKE RIVER SPORTING CLUB If the idea of living on a ranch and immersing yourself in the great outdoors sounds like a dream come true, then look no further than Snake River Sporting Club in Jackson, Wyoming. As you traverse across a century-old, red truss bridge over the Snake River to enter the Sporting Club, which includes a fully functioning ranch, you immediately feel as if you are immersed in an authentic Western experience---yet this residential resort and private club[...]
In Focus: Andres Sandate On Distressed Debt
Andres Sandate of Cygnus Capital Real Estate Advisors defines distressed debt and dispels some of the myths behind distressed debt investing.
Sporting Club sees surge in sales: 2017’s total exceeded $34 million at golf and residential area south of town.
A rear view of Snake River Sporting Club’s Astoria Lodge. WEST ILLUSTRATION / COURTESY RENDERING The Snake River Sporting Club saw a big increase in real estate sales during 2017 in what appears to be a final goodbye to the hard times that plagued it after its proposal and mistimed inception. Jeff Heilbrun, executive vice president and director of sales at the golf course and residential development, south of Hoback Junction on the Snake River, said 21 properties were sold at the club this year. The value of the sales was about $34.3 million, he said, six times what[...]
Hilton Head Island office condos proposed to become apartments
An Atlanta-based investment-management group wants to add 30 residential units in an office building on Hilton Head Island. Cygnus Capital Real Estate Advisors plans to convert 35 office condos into apartments on the second and third floors of the Courtyard Building, at 32 Office Park Road, according to Matthew Sherman, vice president of investments at Cygnus. Plans are preliminary, Sherman said, but pre-application materials submitted to the Town of Hilton Head indicate the group plans to add 30, two- and three-bedroom units that total 35,500 square feet. The anticipated cost to renovate the building’s interior is $1.5 million. “We[...]
H2O developers pay off $1.3M debt to city, break ground on $35M apartment complex
A new partnership has enabled the owners of the beleaguered H2O development in Coliseum Central to settle a long-standing tax debt with the city and get development there back on track, according to an attorney for the developer. H2O owners Cygnus Capital and a Northern Virginia realty firm have formed a new company and broken ground on a $35 million apartment complex down the street from the Hampton Coliseum and Hampton Roads Convention Center. Site plans obtained from the city of Hampton show the apartment complex consists of five buildings with 296 units. The complex is going up north[...]
H2O town homes in Hampton: Delinquencies, a lawsuit and an auction
HAMPTON — The developer of a Coliseum Central town home project that has not paid taxes in at least two years has filed a lawsuit challenging the amount the city is charging the company to recoup expenses for the publicly financed streets, sidewalks and utilities needed for the project. Meanwhile, Hampton Treasurer Robert Williams plans to auction off the two parcels owned by the company that built H2O to help recoup the nearly $1.3 million in back taxes and special assessments the city believes is owed. The auction will not include any parcels where homes were built. The developer[...]
Back from the dead: Wyoming’s Snake River Sporting Club
Talk about a rollercoaster ride. Snake River Sporting Club debuted as one of the best new courses in the U.S. and almost immediately leaped to the top of Golf Digest's Best in Wyoming ranking. Soon after opening, though, the high-end course and surrounding community ran headfirst into the financial crisis. The course shut its doors in 2009. Now, five years later, it has finally reopened. Atlanta-based Cygnus Capital Real Estate Advisors bought the private, 257-acre community from Wells Fargo last year. It has poured money into the project, finishing the clubhouse, building some new luxury cabins (starting price: $2.5 million)[...]
Snake River Sporting Club Introduces New Ownership Group and Unveils Member Clubhouse
Club reopens as Wyoming’s ultimate outdoor adventure playground under direction of Cygnus Capital Real Estate Advisors. JACKSON HOLE, WY (PRWEB) OCTOBER 29, 2013 Snake River Sporting Club in Jackson Hole, WY has officially reopened to members under new ownership group, Cygnus Capital Real Estate Advisors. The Atlanta-based real estate investment firm has launched a multi-million dollar reinvestment plan for the 554-acre residential community and private club, starting with the completion of a 26,000-square-foot Clubhouse facility, and plans for ongoing property enhancements, including reopening a Tom Weiskopf championship golf course, new family-focused amenities and a collection of turnkey luxury cabins in 2014. "Snake River Sporting Club[...]