RGF Real Estate Fund L.P. has closed its purchase of The Country Club Golf Course in Woodbridge on May 3.
Clubhouse Developments Inc. intends to turn approximately one-third of the 290-acre prime real estate in Humber River into a residential area “with a blend of family homes and a significant amount of green space accessible to the community.” No development timetable is available at the moment.
“Low-rise housing inventory is down 65% year over year in the GTA. With this shortage and an 8% population increase in Woodbridge alone in the last five years, this rare land opportunity can help fulfill the growing need for desirable housing in Ontario,” RGF president John A. D’Angelo said.
“Future residents can look forward to life in the thriving community of Woodbridge, with excellent schools, business and employment opportunities; exceptional shopping, restaurants and entertainment; and easy access to the great outdoors in parks and conservation areas,” RGF stated.
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