Rich Millennials Are Snubbing Their Parents' Golf Communities For Agrihoods

Deeside Golf Course, Aberdeen
Deeside Golf Course, Aberdeen

A new type of neighborhood is taking hold of the millennial generation and it could prove to change the face of golf communities across the country.

These new communities are called "agrihoods," or agricultural neighborhoods. The areas are often planned around working farms and offer green space, barns, outdoor kitchens and farm-to-table restaurants that appeal to the millennial generation because they allow residents to do environmental good in a community-based setting, Business Insider reports.

An estimated 150 agrihoods have already cropped up across the U.S., ranging from Rancho Mission Viejo in Orange County and The Cannery in Davis near Sacramento, California, to Serenbe in Chattahoochee Hills, Georgia, and Kukui’ula in Hawaii, which allows residents to harvest their own guava, papaya and pineapples, the Orange County Register reports.

Meanwhile, approximately 100 golf courses have closed over the last five years, and with demand continuing to fall steadily, many developers have begun to take note with some trading in the golf clubs for garden hoes.

Miralon, a 300-acre sustainable community, was once an 18-hole golf course in Palm Springs. It will now host dozens of acres of olive groves, dog parks, exercise stations and firepits and 6.5 miles of hiking paths, which were formerly used as roads for golf carts.

The neighborhood is slated to break ground by the end of 2017 or early 2018 and like most agrihoods, is expected to attract a number of millennial homebuyers.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's National Newsletters
Related Stories

After 5 Years Of Gains, Commercial Real Estate's C-Suites Just Got Less Diverse

Summer Broke The Script. Here's What CRE Is Walking Back Into

'We Aren't Competitive': Power, Taxes Keep Colorado On The Data Center Sidelines

£1B Property Group To Buy Huge Chunk Of Collapsed NCP Car Park Empire

1,300 Projects Potentially Paused Due To Suspension Of Quality Inspectors

Blue Owl Reportedly Planning Data Center REIT

HUD Wants To Make It Easier To Bring Private Capital Into Public Housing

Private REIT Closes $650M Refinancing Of 549-Property Daycare Portfolio

Buc-ee's Convenience Store Star Fades As Visits Slip

Walker & Dunlop On Why The Housing Market Is More Balanced Than It Appears

Retailers Charging Ahead With EV Stations Despite Policy Pullback

U.S. Office Sales Show 31% Year-Over-Year Growth