Reynolds Signature Communities, which bought the Laurelmor luxury golf resort community in western North Carolina last December after original developer Ginn Companies defaulted on loan payments, has hired Rees Jones to design the resort’s golf course.
Jones will reportedly utilize some of the routings laid out by original designer Tom Kite before work on the course was halted by the Ginn default.
Reynolds Signature Communities is a subsidiary of Linger Longer Communities, the developer of Reynolds Plantation in the Greensboro, Ga., area.
Reynolds Signature has been rapidly expanding the company’s reach in golf course community operations, largely due to Ginn’s financial difficulties. Earlier this year, Reynolds Signature Communities took over operations at two other former Ginn developments in Florida, Reunion and Hammock Bay.
Laurelmor, where Ginn had promised to build the biggest and most expensive golf resort in western North Carolina, with lot prices averaging $625,000, will be completed in more modest fashion by the Reynolds group.
A letter sent to present lot owners at Laurelmor by Reynolds reportedly said that going forward, the remaining 240 lots in Phase I of the development would be priced between $139,000 and $569,000. The Laurelmor development itself will now be known as Reynolds Blue Ridge.