LAKE
ANNA, Va., Aug. 1, 2024 /PRNewswire/ -- The
groundbreaking ceremony for the Cutalong Golf Clubhouse, held
on July 30, 2024, marked the official
commencement of a new, master-planned resort-style new home
community located on Lake Anna in
Louisa County, Virginia. Attended
by local officials, community leaders, and key stakeholders, the
event was honored by the presence of The First Lady of the
Commonwealth of Virginia,
Suzanne Youngkin, who spoke as a
distinguished guest. The ceremony highlighted the community's
promising future and its anticipated positive economic impact on
the region.
The fully-built development is expected to contribute
significantly to Louisa County's economy, with an estimated
annual impact of $6.5 million. This
figure includes $5 million from
property taxes and over $1.5 million
from transient occupancy taxes. Additionally, the project will
generate over 200 full-time jobs and 150 construction and skilled
trade positions during the development phase.
The property spans 1,000 acres bordering Lake Anna and is poised to become a premier
destination in Virginia. The
development plan includes 891 residential entitlements, featuring
estate homes and homesites, executive homesites, cottages,
villas, townhomes, and luxury condominium accommodations.
Cutalong Golf Club, the centerpiece of the community, boasts a
meticulously designed 18-hole championship golf course by renowned
architect Tom Clark and was recently
ranked as a top 5 best new private courses in America, by Golf
Digest. The clubhouse groundbreaking signifies the first major
milestone in developing this highly anticipated lakeside resort
community.
"Today's groundbreaking marks an exciting milestone
for Cutalong and the community," said Joe Walsh, Project Director. "We are incredibly
grateful for the overwhelming support we've received from the local
community and our partners. It's an exciting time as we bring a
premier family lakeside resort and private golf community to
Lake Anna, enhancing the charm and
appeal of this beautiful area. We are committed to delivering an
exceptional experience that will not only enrich the lives of our
members, their guests and visitors but also contribute positively
to the greater Virginia
region."
The ceremony featured remarks from notable county officials such
as Duane Adams, the Chairman of the
Board of Supervisors in Louisa County, Christopher McCotter, a Member of the Board of
Supervisors in Louisa County,
Chris Coon, Deputy County
Administrator of Louisa County and
key figures including Jared Lucero,
Partner and CEO of Reef Capital Partners. The event was further
distinguished by the presence of The First Lady of Virginia, Suzanne
Youngkin, who participated in the ceremonial
groundbreaking.
"The economic development at Cutalong is poised to
significantly benefit our region and the entire Commonwealth," said
Suzanne Youngkin. "Cutalong aims not
only to provide homes but also to foster recreation and engagement
with nature, promoting wellness and community connection. I'm
excited to see how it flourishes."
For more information about Cutalong Golf Club and future
community, please visit Cutalong Lake Anna.
About Reef Capital Partners
Reef Capital Partners is
renowned for developing luxury resort communities across
the United States, maintaining the
highest standards of quality. The project, initially approved in
2005, has seen various ownership changes. Recognizing its
potential, Reef Capital Partners acquired the Cutalong property in
2019. As the developer, Reef Capital Partners is committed to
delivering the exceptional experience consistent with their
esteemed portfolio, which includes the Black Desert Resort in
Ivins, Utah, and the Marcella
community in Park City, Utah,
featuring golf courses designed by Tom
Weiskopf and Tiger Woods. For more information, visit the
Reef Capital Partners Portfolio.
Contact:
Joe Walsh
Project Director, Cutalong
(775) 742-0374
Joe@ReefPE.com
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SOURCE Reef Capital Partners