The St Andrews Grand is Coming Back to Life at the Old Course

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Once-glorious hotel overlooking a site of the Open Championship is being turned into exclusive club; Phil Mickelson becomes founding member.

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The St Andrews Grand appeals to a relatively small group of buyers, but they are the ones who appreciate the elegance of antiquity, the cachet and the rewards that go with club membership

The St Andrews Grand, the commanding structure on the first tee and 18th green of the legendary Old Course, is returning to its glory days. The six-story building, formerly a magnificent hotel, is being taken out of mothballs and will have new life as an opulent, world-class private club with luxury residential suites. Phil Mickelson, world No. 2, who has played in three Open Championships held on the Old Course, is a founding member of the club, in whose shadow so many Opens have been decided.

“My family and I have a long history of coming to St Andrews. We love Scotland and the St Andrews community, and I love playing the Old Course. Joining the club lets us wake up each day to unspoiled beaches and some of the world’s best golf courses. Plus, we get luxury accommodations, concierge services and all the privacy we need,” said Phil Mickelson.

Any of the millions of people who have visited St Andrews will recognize the St Andrews Grand’s familiar profile and location, visible from throughout the town. It is an especially familiar sight to the golfers who have come up the 18th hole of the Old Course, crossed the Swilcan Bridge and viewed the building with the distinctive cupola as they approached the famed stretch of green swale known as the Valley of Sin.

The renovation, which will preserve the exterior architecture of the Victorian red sandstone building, begins in summer 2006 and is expected to be complete by 2008.

The club will feature luxury three- and four-bedroom residences overlooking the Home of Golf, where the Open Championship is played every five years, allowing buyers to own a share of a timeless treasure. Only 115 memberships to the St Andrews Grand will be accepted.

Residents can play golf at dozens of nearby courses, enjoy limousines, an elegant clubroom with a library, a billiards and game room, a dining room with private dining space, and separate spas for men and women, not to mention sweeping views of the North Sea and access to the beach where parts of the movie “Chariots of Fire” were filmed.

The St Andrews Grand, which flourished in the first half of the 20th century and served guests ranging from British royalty to golf royalty such as Bobby Jones, was later turned into a hospital and then a college dormitory. The University of St Andrews has agreed to sell the property to an American development group led by Wasserman Real Estate Capital LLC of Rhode Island.

“The St Andrews Grand appeals to a relatively small group of buyers, but they are the ones who appreciate the elegance of antiquity, the cachet and the rewards that go with club membership,” said David Wasserman.

Wasserman has hired the Hurd Rolland Partnership in Edinburgh, which specializes in restoring historic buildings in an environmentally responsible fashion. Award-winning architect Van Tilburg, Banvard and Soderbergh and internationally renowned Randall Ridless will collaborate on planning and interior design.

The architects made a key breakthrough in their work when they discovered the original drawings for the St Andrews Grand -- 105 of them, hand-drawn on linens.

Inspired by the delicate craftsmanship displayed in the original designs, the elaborate deep-pine grand staircase with stained glass windows, pine balustrades and heavy carved newel posts is being removed, restored and returned to stand as a centerpiece in the 430-square foot hallway.

The original building had a corner entrance, which for some reason disappeared over the years. Hurd Rolland has faithfully redesigned and is restoring the entrance and – matching the original drawings -- including a glazed, curved-top screen.

The prominent dome, which was destroyed by fire in the 1970s, will be reconstructed to include windows and a weathervane like the original, and will be used as a sitting room. The original plaster paneling of the curved ceilings, the ornate cornices, the rich marble, the French polished woodwork, and the stone vaults will all be included to reflect the grandeur of St Andrews.

“There are rare occasions when a glorious past can be brought back to life. This is one of them,” said Wasserman.

About the St Andrews Grand and Wasserman Real Estate Capital    

The St Andrews Grand (http://www.standrewsgrand.com) is a private club and luxury residence located in St Andrews, Scotland, overlooking the first tee and final hole of the legendary Old Course at St Andrews. The club will feature 23 luxury three- and four-bedroom residences, each specially designed to make the best use of the space, light and sweeping views afforded by its incomparable location. Restoration of the St Andrews Grand is underway, with completion expected in spring 2008.

Wasserman Real Estate Capital (http://www.wrecapital.com) is a 44-year-old, family-owned real estate company with retail, multi-family and mixed-use properties located throughout the United States and in Europe, each noted for its creative design, integrated functions, and innovative use of art and other cultural amenities. Among the projects currently under development are Hyde Park Village, an upscale, mixed-use center with multi-family residential units, open-air specialty retail and office space in Tampa, Florida; Granite Park, a luxury multi-family development in Pasadena, California; The Bryant, a high-end residence in Boston, Massachusetts; Lido Marina, a mixed-use development with luxury multi-family residential, retail, office and boat slips; and the St Andrews Grand, a private club with residences located adjacent to the Old Course at St Andrews in Fife, Scotland.

For more information contact:

Connie Hubbell Clapp

The Hubbell Group

(781) 878-8882

T.R. Reinman

Gaylord Sports Management

(619) 889-0097 (cell)

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Stewart Lewack
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