DALLAS, TX (April 20, 2011) — Bond Properties has announced its acquisition of the remaining assets of the developers of Escondido, a luxury, private golf and lakeside residential community located west of Austin, Texas. Terry Horton, the former owner, is retaining an equity interest in the property along with Bond and its partners.
“Bond is very excited to lead Escondido and to be part of such an amazing community and membership,” said Jonas Woods, Managing Partner of Bond. “With the strength of Escondido’s membership, the incomparable quality of the existing facilities and the completion of several new amenities, Escondido is prominently positioned as one of the best private residential golf and lake communities in the United States.”
Bond will immediately assume management of the exclusive member-owned equity club, which includes an acclaimed Tom Fazio designed golf course, the recently completed 35,000 square foot clubhouse designed by Michael Imber, the 10,000 square foot La Hacienda with restaurant, state of the art practice facility and golf shop, and the 17,000 square foot Lake Club, with exquisite pool and marina facilities.
Bond will soon announce several exciting developments at Escondido, including the opening of the clubhouse with a world-class spa and fitness facility. In addition, Bond is launching the Escondido private residence club, La Cascada Club, which will provide an incredible opportunity to enjoy membership in the exclusive equity club and use of La Cascada’s collection of luxury homes without the burden of whole home ownership.
“I am very excited to have Bond leading the Escondido community. Their team, experience and capital will ensure that our original vision for Escondido is not only upheld, but elevated,” said Terry Horton.
Escondido is a private, gated enclave of approximately 380 villa, casita and estate home sites surrounding a championship 18-hole championship golf course designed by Tom Fazio, recently ranked as the best new golf course in Texas. Encompassing approximately 550 acres, Escondido and nearby Lago Escondido feature home sites with direct lake access and expansive lake views as well as home sites that overlook the emerald fairways of the golf course and the sparkling waters of spring-fed creeks.
Located in Horseshoe Bay, just northwest of Austin between Highways 71 and 281 on Highway 2147, Escondido is right in the heart of the Texas Hill Country and overlooks Lake LBJ. More information can be found at http://www.escondidotexas.com
About Bond Properties, L.P.
Bond Properties, a subsidiary of Woods Capital, L.P. and an affiliate of Hayman Woods, LLC., was founded in 2010. Bond is an owner, developer and operator of luxury private club communities focusing on world-class properties that include golf courses, marinas and other resort-style amenities. The principals have over 50 years of experience as owners, developers and/or managers of some of the best communities in the United States and abroad.
For Bond Properties, L.P.
Carey Marin, 214-914-1157
SOURCE: Bond Properties