Royal Island, Bahamas to Feature First Jack Nicklaus Golf Club

DALLAS–(BUSINESS WIRE)–Cypress Equities, The Staubach Company, and Behringer Harvard, the developers of Royal Island, Bahamas, announced today they will team up with Jack Nicklaus and Nicklaus Design for the first ever Jack Nicklaus Golf Club, appropriately named The Jack Nicklaus Golf Club of the Bahamas.

The Jack Nicklaus Golf Club was created as an exclusive access and reciprocity program for only 25 elite Jack Nicklaus Signature Golf Courses located in ideal markets around the world. Royal Island is the first participating club worldwide selected by Jack Nicklaus and given this special designation. The entire eastern portion of Royal Island will be solely devoted to the golf experience and will include the clubhouse, golf course and Nicklaus Home. Additionally, The Club offers Founder Members reciprocity at other Jack Nicklaus Golf Clubs, as well as access to the Nicklaus Home established at each property for use by Jack Nicklaus, his family and other JNGC Founder Members worldwide.

Initial clearing for the 18-hole Signature Course and Golf Club began in mid-April. Since then, 13 holes have been cleared for the development and construction of the course. Jack Nicklaus has made two visits to Royal Island to work on the design.

In addition to the Jack Nicklaus Golf Club, Royal Island will include a deep-water marina with 200+ slips surrounded by a village with shops, cafes, customs and immigration office, emergency services and a captains’ club.

Major construction on the golf course will begin in the first quarter of 2008, with completion by fourth quarter, 2009.

Nicklaus Design is the global firm founded by golf legend Jack Nicklaus and owned by the Nicklaus family. Nicklaus Design is widely regarded as the world’s leading design firm with over 300 courses open for play in 29 countries and 38 states. At least 48 Nicklaus Design courses have been ranked in various national or international Top-100 lists, and by the end of 2006, at least 79 Nicklaus courses will have hosted a combined total of more than 500 professional tournaments worldwide or significant national amateur championships.

Cypress Equities was formed in 1995 as the development affiliate of The Staubach Company. With seven development offices in Dallas, Atlanta, New York, Phoenix, San Francisco, Fort Lauderdale and Nassau, Bahamas, it is an independent company with a dedicated staff that focuses on portfolio acquisitions, build-to-suits, project development, sale-leasebacks and other development services for retail, automotive, hotel and resort property.

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