Good afternoon Sea Trail! Aren’t we fortunate that Hurricane Laura didn’t come our way. Let’s keep everyone in Louisiana and Texas in our thoughts and prayers.
Many Sea Trail Master Association (STMA) members may have questions about the recent changes in ownership in Sea Trail. The following is a brief summary to help dissuade rumors and assist members in understanding what has occurred.
Prior to August 1, 2020, other than individual residential STMA members, there were three entities owning real property in Sea Trail. They are as follows:
- The Maples, Byrd and Jones golf courses, the Maples Club House, the Jones/Byrd Club House and Convention Center, the business offices located on Mill Pond Road (across Club House Road from the Jones/Byrd Club House), the parking lot for the old rental office (opposite the Maples Club House), the former sales center located at the south entrance to Sea Trail (on the southwest corner of Clubhouse Road and Shoreline Drive), the Village Activity Center (VAC), which is under an 8 year lease to a third party, the maintenance tract on Clubhouse Road (opposite Sea Horse Estates) and undeveloped Tract #2 located between the convention center and Champions are owned by China Way Corporate Development LLC (CHINA WAY) which is controlled by Mr. Pan;
- With the exception of Tracts #2 & #16, all undeveloped real property, consisting of 18 numbered tax parcels of varying sizes from .77 acres up to 58.37 acres, along with a number of isolated undevelopable buffer areas and platted undeveloped lots located both within and without Sea Trail were owned by Sunrise Corporate Development Holdings, LLC (SUNRISE), an entity controlled by Mr. Pan. SUNRISE was the declarant under the master declaration documents; and
- ST Class 15 LLC, an entity owned by some of the shareholders of Sea Trail Corporation as creditors out of the bankruptcy of Sea Trail Corporation having no known affiliation with any entity owned by Mr. Pan, had title to Tract #16, a parcel consisting of 19.53 acres beginning on Rice Mill Circle at Cane Break Road and the tees for Jones #7, running along the south side of Jones hole #7 to the sewer treatment plant on Angel’s Trace Road. That entity continues to own Tract #16.
On or about August 1, 2020, Riptide Builders Development Inc. (RBD) purchased SUNRISE. RBD is a corporation, the exact ownership of which has not been disclosed, is not controlled by Mr. Pan but controlled by Robert Hill, a principal in Riptide Builders LLC, an entity which has been constructing homes both in and out of Sea Trail. Following the purchase, SUNRISE is the same entity which existed prior to August 1, 2020, with the exception that it is now owned by RBD rather than Mr. Pan. Before the sale, SUNRISE was the declarant under the declaration documents and continues to be the declarant, although SUNRISE is now owned and controlled by RBD. SUNRISE remains in the identical position as to STMA and the ownership of real property in Sea Trail as it was prior to the sale to RBD. The only change in SUNRISE relative to the STMA is in who now owns that entity. In addition to the undeveloped real estate, SUNRISE remains the declarant with all of the rights and obligations of the declarant under the master declaration documents and continues to be the holder of all existing stormwater permits.
CHINA WAY continues to own the three golf courses and parcels identified above and continues to be responsible for the operation of what has become known as Sea Trail Golf Resort. Undeveloped Tract #7 adjacent to the Jones/Byrd Club House containing the golf driving range belongs, as it always has, to SUNRISE. We have been advised that CHINA WAY has an 18 month lease for operation of the driving range. The Jones/Byrd Club House, Convention Center and undeveloped tract #2 of 15.11 acres remains titled in CHINA WAY. There may be other leases and/or agreements between RBD, SUNRISE and CHINA WAY establishing interests in the assets or facilities of the other of which STMA has not been made aware.
In an earlier message, I advised of the passage of Town Ordinance 93.06 requiring residents to bundle storm debris and cut it into 4 foot lengths. On August 18, 2020, the Town Council rescinded that ordinance and it is no longer applicable.
BEWARE – The President’s email account has been hacked so please ignore strange messages requesting money or gift cards if received.
Jack Phillabaum, STMA President