The custom homebuilder is in the early planning stages of development after the Pittsburgh, Pa., club’s financial troubles closed its doors in 2011.
Highland Country Club, which has been closed since 2011 due to financial troubles and lawsuits from creditors, has been purchased by Heartland Homes, the North Hills Patch reported.
“We are beginning the early planning stages of how it may be developed,” said Adam Packard, Marketing Manager for Heartland Homes. “At this time there is no release date, pricing or product mix to announce.”
The Pittsburgh, Pa., club was foreclosed on by Slovak Savings Bank in February. Court papers state that the bank sought more than $2 million, which includes $1.6 million in outstanding principal on the club’s mortgage, $182,000 in attorney fees and $130,000 in interest, Patch reported.
County taxes have not been paid by the property since 2009 and it owes the county $21,098 for those missing years.
J&J Holdings HCC LP bought the property from longtime members for $1,346,454 in December 2009. The 2012 county-assessed value is $1,400,000, Patch reported.
Jeff Garbinski, one of the partners of J&J Holdings, pleaded guilty in November to stealing from the club and has been sentenced to 18 months on house arrest, two years of probation and to pay $174,088 in restitution.
The club covers 118 acres and includes a swimming pool, restaurant and clubhouse.careers