It’s hardly a secret that the golf course industry overall has been struggling over the past decade, and that’s certainly the case in states like Minnesota where we don’t exactly have the luxury of living in a warm weather climate all year long. With that in mind, the Planning and Economic Development Department in St. Paul is already working on a plan to possibly re-develop Hillcrest Golf Course, which just recently announced it will officially close this coming October.
News about the course shuttering broke back in late July, and its owners are already looking to unload its 110 acres to real estate developers who may be looking to add to the area’s already residential-dominant landscape, which is undoubtedly a unique opportunity for just about any home builder out there right now.
Before anything can be built or developed, the city of St. Paul needs to appropriately determine the best use for both the property and the surrounding community moving forward, which seems to be the case as officials continue to work closely with the current property owners and conduct various zoning studies that should help reach a conclusion that works for everyone.
As it stands, Hillcrest Golf Course is surrounded by the North and South Hayden Heights neighborhoods, and also the Eastern and Western Hazel Park neighborhoods, with homes in the area generally selling for between $160,000 and $230,000.
Factoring in the new construction component, it’s realistic to expect any new homes built on the Hillcrest site should start somewhere in the low $200,000s and go up from there depending on square footage, lot size, and custom finishes.