Ann Arbor Country Club listed for sale by West Virginian investment group

This story has been updated

Five years after being bought by a West Virginia-based investment group following a lender-forced sale, the Ann Arbor Country Club is once again on the market.

The listing includes the clubhouse, golf course and swimming pool which sit on 200 acres in Webster Township, adjacent to the Loch Alpine neighborhood.

According to Peter Logan, a member of the Loch Alpine Improvement Association Board, members of the 451-home community were informed about the listing last month during a community meeting. Michael Garzoni of Macomb-based Landtec Companies addressed the residents to inform them of the listing.

Garzoni told the group that the entire property would be included in the sale and not broken up into separate pieces, a decision that sits well with many of the residents.

“Maintaining the status quo of the property and the facility is most desired. We’re grateful the owners retained Mr. Garzoni to sell the property as a golf course property,” Logan said.

Since being purchased by the A2CA LLC, Logan said the investment group has done extensive work to improve the facilities and the golf course over the past few years.

“Many of us who play the course have noted that it’s in the best condition that it’s been in in years,” Logan said.

Logan said he believed the listing price for the property was $2.2 million. Attempts by The Ann Arbor News to reach Mr. Garzoni have not been successful.

While the golf course has been listed for sale, the recently opened Red Rock Downtown Barbecueinside the clubhouse will not be part of the future of the country club as it has left the space. Logan said the restaurant closed a couple weeks ago without much notice.

Red Rock was operating dinner hours at the country club according to Logan and was the second location for the Ypsilanti-based barbeque restaurant. Attempts to reach Red Rock owner Shawn Cool were also unsuccessful.

According to Webster Township records, the property and the buildings have an assessed value of $1468,000 giving it an estimated fair market value of $936,000.

The property was forced into sale in 2010 after the previous owner was unable to make mortgage payments and membership dipped below 120. A $1.7 million loan note held by Citizen’s Bank was sold to the A2C2 LLC. Records also show that the property was officially transferred to A2C2 LLC in 2013 for $2.6 million.

Upon taking over the property, the golf course and restaurant was opened to the public and membership improved. Logan said the changes at the property have made a significant impact on both the country club and the neighborhood.

“It’s been a wonderful facility in the Loch Alpine neighborhood for years,” Logan said.

Matt Durr is a business reporter for The Ann Arbor News. Email him at mattdurr@mlive.com or follow him on Twitter.

Open all references in tabs: [1 – 5]

Leave a Reply