Tiger Woods, Justin Timberlake Behind Luxury Development in Florida

Tiger Woods, Justin Timberlake Behind Luxury Development in Florida
By Finance
Apr 28

Tiger Woods, Justin Timberlake Behind Luxury Development in Florida

Golf icon Tiger Woods and popstar Justin Timberlake are teaming up for a new luxury development located in south Florida. The project, called the “Magnolia at MiraLago,” will be built in Parkland, a city in northern Broward County. Woods and Timberlake have signed on as partners with Tavistock Development Company, a private real estate investment firm responsible for a number of projects across the United States.

1. What is Magnolia at MiraLago?

The Magnolia at MiraLago is a new construction project that will include 59 homes in total. The enclave of single-family homes will be situated within the MiraLago community in Parkland. The homes’ size starts from 2,000 square feet and can go all the way up to 3,800 square feet. The development aims to create a luxurious living experience for its residents with a focus on privacy and exclusivity.

The houses come with a wide range of features such as smart home technology, private swimming pools, three-car garages, and outdoor summer kitchens. Prices for the Magnolia homes start at $2 million and increase based on customization options selected by the homeowner.

The project is still undergoing construction, but it is expected to be completed by December 2021.

2. Who is Tiger Woods?

Tiger Woods is arguably the most famous golfer of all time. Born in Cypress, California, in 1975, he started playing golf at an incredibly young age. In 1997, he became the youngest golfer to win the Masters Tournament, a record he still holds to this day. Throughout his career, he has won 15 major championships and 82 PGA Tour titles.

Woods’ success on the course led to a number of lucrative endorsement deals with companies like Nike, Buick, and American Express. Unfortunately, his personal life has been marked by scandal and controversy. In 2009, news broke that he had been unfaithful to his wife with multiple women. This led to a highly publicized divorce and a break from golf between 2010 and 2011.

3. Who is Justin Timberlake?

Justin Timberlake is an American singer, songwriter, actor, and record producer. Born in Memphis, Tennessee, in 1981, Timberlake rose to fame as part of the boy band NSYNC in the late 1990s. After NSYNC disbanded in 2002, he launched a successful solo career, releasing hit songs like “Cry Me a River” and “SexyBack.”

Along with his music career, Timberlake has also dabbled in acting. He has appeared in several films, including “The Social Network”, “Friends with Benefits”, and “Trolls.” In addition, he is a partner in the Memphis Grizzlies, an NBA team.

4. Why did Woods and Timberlake invest in Magnolia at MiraLago?

Both Woods and Timberlake have a long-standing relationship with Tavistock Development Company, who is responsible for the Magnolia at MiraLago project. According to a press release, the two celebrities are excited to be involved with the development and the opportunity to bring luxury homes to Parkland.

For Woods, this investment is just one part of his growing business portfolio. He already owns a restaurant in Florida called The Woods Jupiter, and he recently partnered with GolfTV to create exclusive content for the platform.

Timberlake, on the other hand, has been involved with a number of business ventures throughout his career. In addition to the Memphis Grizzlies, he has co-owned restaurants and a clothing line.

5. What is the Magnolia at MiraLago’s Impact on Parkland?

The Magnolia at MiraLago is expected to bring a major economic boost to Parkland. The development will create jobs during construction and once the homes are occupied. Additionally, the increased tax revenue generated from the project will benefit the city.

The development also aligns with the city’s vision for luxury living. According to the Parkland city website, “Parkland has consistently maintained low density, a natural environment, and a relaxed lifestyle. We build quality in every way possible.” The Magnolia at MiraLago fits that vision by providing residents with high-end homes in a peaceful, exclusive community.

Tigers Woods and Justin Timberlake’s investment in the Magnolia at MiraLago proves their interest in diversifying their business portfolios. The Parkland-based development is set to provide residents with luxury homes and exclusive features. The project is also expected to bring economic benefits to the city and improve the overall quality of living.

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