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Master Planned 1,200-Acre Tract Changes Hands

GAUTIER, MS-Azur Shell Landing Resort Inc. follows up its acquisition of the Shell Landing Golf Club near here by acquiring Shell Landing Development Inc., the company that owns 1,200 acres surrounding the golf course that has been master planned for a resort.

By Brian K. Miller | Updated on May 13, 2005

GAUTIER, MS-Azur Shell Landing Resort Inc. has acquired Shell Landing Development Inc., the company that owns the master planned 1,200-acre resort community surrounding a golf course it acquired late last year. Azur is a subsidiary of Azur International, a Miami-based public company that is lightly traded on Pink Sheets.Located 12 miles south of the Beau Rivage Casino in Biloxi, the master planned resort includes 45 previously developed residential lots, 80 acres to be developed commercially, and approximately 800 acres to be developed as estate lots, resort villas, townhomes, condominiums and an apartment complex. The estimated $1 billion under taking is expected to be built out over the next 10 years. Azur Shell Landing Resort says it is in the pre-construction sales phase of “The Islands at Shell Landing,” a 200-unit luxury condominium complex to be constructed between the 9, 17 and 18 holes of Shell Landing Golf Club. The complex will consist of seven five-story buildings. The broker for the units, Richard Sanchez of CB Richard Ellis, says pre-sales began in February and 65% of The Islands’ units have been reserved. The reservations will go hard in August, he says. As for the commercially zoned acreage, Sanchez says it is planned for various retail development, including a village center ala Baytown Wharf in Sandestin, FL. The Village at Baytown Wharf includes residential-over-retail buildings in a pedestrian-oriented town center environment that includes nightlife, small boutiques, eateries, various street shows, and entertainment. “Short of gaming enterprises, everything you could want in a resort would be within the Shell Landing community,” says Carl Crawford, president of Azur Shell Landing Resort. “We’ll have a bank, pharmacy, grocery market, restaurants, a gas station, and a retail village, in addition to numerous recreational activities.”

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