Hillcrest IG, LLC, a Concord Wilshire-sponsored company, has successfully entitled and assigned all of its rights to Pulte Group to acquire the Hillcrest Golf and Country Club for a total of $25 million.
Pulte Group is a national multi-brand homebuilding company. The transaction paves the way for the revitalization of the Hillcrest Community through a new residential development.
Concord Wilshire originally placed the property under contract from United Association, Plumbers and Pipefitters Union in January 2014. Concord Wilshire has spent the last two-and-a-half years working with the Hillcrest Community, its numerous Homeowners Associations, the City of Hollywood, Broward County and Pulte to obtain approvals to develop a 645-home private community, to include a 60-acre park and amenities to be utilized by the existing 3,000 condominium residences surrounding the Hillcrest Golf Course. The City of Hollywood approved the development on May 18.