November 19, 2012

Boyle Acquires Remaining 168 Acres at Spring Creek Ranch

Boyle Investment Company (Boyle) through its subsidiary SCR Bravo Investments, LLC has purchased the 168 remaining acres of land at Spring Creek Ranch that is located within the Collierville future annexation zone.  The seller was Spring Creek, LLC, a partnership formed by the Meyer family, which also owns Spring Creek Ranch Golf Course.  The acquisition means that Boyle is now both the owner and developer of the remaining 340 lots, which will be developed in phases over the next decade.  Spring Creek Ranch is the upscale, master-planned community off Raleigh-LaGrange Road in the Collierville rural preserve area surrounding the spectacular Jack Nicklaus Signature Golf Course of the same name.  Offering stunning vistas and unique home sites, the Spring Creek Ranch residential community reflects the excellence of the course.

Boyle was selected by the Meyer family in 2006 to develop the residential community surrounding the golf course, and Spring Creek Ranch was the site of the 2007 Vesta Home Show held by the Memphis Area Home Builder Association (MAHBA).  MAHBA achieved a record never before achieved in Vesta Home Show history, selling all seven homes prior to the opening of the show in April 2007.

“We always have thought that the area just inside the future perimeter beltway (Hwy 385 and future I-69) is the high-growth area for Shelby County,” says Gary Thompson, Vice President of Boyle.  “It is our intention to carry on the development of Spring Creek Ranch using the same master plan and high-quality that was established early on in this upscale community.  With the beltway nearing completion, Spring Creek Ranch is ideally located inside the loop and close to Collierville public schools, including Collierville Middle School, Houston High School, and Tara Oaks Elementary, as well as the campuses of Briarcrest High School and St. George’s.”

Boyle has already begun development of Spring Creek Ranch, with three different areas, including the Grand Manor, the Manor, and the Village, each offering low county-only taxes in the Collierville reserve area. The Village at Spring Creek Ranch offers low-maintenance ease in close proximity to the development’s swim club. The Manor offers slightly larger lots with captivating views and rolling terrain and stately mature trees. The private and gated Grand Manor provides residents with estate-sized lots with prime views of the golf course and scenic Chinquapin Lake. When completed, the conservation community will be linked with miles of natural trails and walking paths in a beautiful serene setting unlike anything else in the region.  The community already offers a wide array of neighborhood amenities including walking trails, tennis courts, and a swimming pool with cabanas.

Homes are selling quickly in the Village from the high $300,000s to $500,000, in the Manor from the $400,000s to $650,000 and in the Grand Manor from the high $600,000s to  $1,000,000 plus.  Lots are available for custom homes in the Grand Manor and a new phase of lots in the Village is coming soon.