Golf Course Redevelopment
Focus Areas
Greenfield Developments
Brownfield Redevelopments
Golf Course Redevelopments
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Schafer Development – Who Are We?
Schafer Development is a high-caliber, entrepreneurial and experienced real estate development firm. Our mission is to enhance the economic value of raw, undeveloped land or redevelopment opportunities by leveraging our expertise in residential, commercial and industrial land development. We aim to create the highest economic value for our partners, but we also strive to be responsible corporate citizens by focusing on sustainable development that benefits the broader community. At Schafer Development, we like to say that we are working today to build tomorrow!
One of our core areas of focus and expertise is redeveloping golf courses into mixed use communities. Our goal is to bring the highest economic value to golf course owners and members. We work with some of the largest Fortune 500 home-builders to bring a superb product to market.
Years Established
Completed Projects
We understand the sensitive nature when dealing with golf courses and we take every precaution to ensure confidentiality is protected. We will take no action that will obstruct the continuing operations of a business. We work with owners, operators and board members to create a roadmap for redevelopment that is tailor made to their specific circumstances.
Our Golf Course Redevelopment Projects
We’ve Been Building For Over 10 Years
Call For a Quote:
(248) 613-6262
Let’s Build Something Together
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Client Testimonials
Total Number of Golf Courses (MI)
- 1995
- 2001
- 2015
- 2016
- 2017
- 2018
- 2019
- 2020
- 2021
Current Market Analysis
- Michigan has lost about 200 golf courses since the early 2000’s*. The sad but true fact is that there are too many courses and too few golfers.
- The state could lose another 30 or so courses each year for the next several years before golf club supply finally matches up with the reduced demand.
Raymond Hearn – MI Golf Course Architect
Current Market Analysis
- The total number of golfers in the United States has declined from its peak of 30 million in 2006 to less than 24 million golfers today.
- Since 2013, one golf course closes in the United States every 56 hours
Total Number of Golf Courses (US)
- 1995
- 2001
- 2015
- 2016
- 2017
- 2018
- 2019
- 2020
- 2021
Current Market Analysis
- According to the National Golf Federation (NGF), the average number of rounds of golf played per course, per year, dropped 20 percent over the past two decades. While new courses continue to be built, the number of closures has outnumbered the number of openings each year since 2007.
- An official from the NGF quoted in 2013, “the problem of oversupply will fix itself once the industry loses some 1,500 to 2,000 golf courses.” As a result, approximately 250,000-400,000 acres of open land will become available for other uses. Golf courses will continue to close at a rate of 3 courses/week for the next 9.5 years, in order to reach sustainable levels.
- Although the supply of golf course for redevelopment increases, profitable redevelopment opportunities are dwindling fast.