Current members of the Hampshire Country Club in Mamaroneck voted overwhelmingly on Tuesday, May 10 to approve the sale of the club to NWR Acquisitions, LLC, for $12.1 million, according to Stan Brettschneider, president of the club board.
Between proxies and members in attendance there were around 105 votes, said Mr. Brettschneider, and around 95% were in favor of the sale. “The vote was very positive and supportive of the proposal,” he said.
“We hope to close by June 1,” said Mr. Brettschneider. Each side is performing its “due diligence” which is “moving along at good speed,” he reported.
So far, little is known about the prospective owner other than the name of the LLC formed to acquire the 65-year-old club, which closed due to financial difficulties in December.
However, it is believed that the new owners will keep the property’s current use. “During any of the meetings I had, there were no discussions of housing development,” said Mr. Brettschneider. “The plan has always been to continue operation of Hampshire as a private country club.”
Plans by other prospective buyers might have entailed larger changes. For example, Mamaroneck Town and Mamaroneck Village jointly bid on the property, and had they prevailed, would probably have opened the club for public use. Furthermore, they might have sold part of the 116 acre property for development of housing, in order to help finance the purchase.
Mr. Brettschneider said he has yet to speak with the municipalities about their bid or about the upcoming sale. He said more will be revealed about the new owner after the June 1 closing.