Silver Spring Golf Club and Banquet Center in Menomonee Falls will remain open for golf and events in 2021 while its owners continue to seek approval from the village to build a large subdivision on the property.
The initial proposal presented to village officials called for creating a 440-home subdivision on the 278-acre site that now features two 18-hole golf layouts, the Island Course – known for its signature island green – and Falls Course. Menomonee Falls officials have approved changes to the village comprehensive plan that would permit the move but have held off on approving rezoning while the plan undergoes further review of lot sizes and other issues.
David Nankin of Legacy Varin Property Management, the Illinois-based company that owns Silver Spring GC, said discussions with the village are ongoing but if the development is approved construction would not begin until at least 2022.
“The property will be fully operation (subject to Covid restrictions, if any) this year,” Nankin said by email.
The company’s initial proposal called for homes ranging in size from about 1,750 square feet up to 5,000 square feet and ranging in price from about $400,000 to more than $600,000. The plan also calls for recreational trails, open space and storm water management. The property includes 54 acres of floodplain or wetlands, generally along the Fox River.
The company bought the golf course and banquet center in 2012 from Capmark Bank, which had taken title after a loan default.