For Immediate Release-July 19, 2017
Grand Opening Success for New Aquatic Center
Magnolia Green’s new $5.6 million aquatic center opened with much fanfare and anticipation on July 14. The 10-acre center located in Moseley, Va., features an eight-lane, Junior-Olympic sized competition pool, a splash pool for younger children offering slides and sprayers, an activity pool for the older children featuring a water tower slide, volleyball net, and basketball hoops and a lounge pool with large shade umbrellas and lots of in-pool seating. The aquatic center also includes a custom-designed, pirate ship themed children’s playground and a snack bar offering up food and drinks. The owner and community developer iStar broke ground on the aquatic center in October 2016.
Magnolia Green also features Arbor Walk, a recreation center with pools, sports courts and playing fields, plus miles of paved walkways and a swim team with over 100 participants.
iStar contracted with Swim Club Management Group to manage both facilities. “We are thrilled to partner with Swim Club Management Group. Their approach to safety and members service is highly regarded in the industry and that was on full display during Opening Weekend,” said Tom Page, Vice President of iStar.
The aquatic center will soon be joined by Magnolia Green’s new $5 million, 15,000-sq. ft. clubhouse.
iStar (NYSE: STAR) finances, invests in and develops real estate and real estate related assets as an adaptive investment company. Building on over two decades of experience and more than $35 billion of transactions, iStar brings uncommon capabilities and new ways of thinking to commercial real estate.
Additional information on iStar is available on the Company’s website at www.istar.com.
About Swim Club Management Group (“SCMG”):
SCMG manages over 250 swim clubs and aquatic centers throughout the Carolinas and Virginia. In addition, their Family of Companies include Club Camps Management Group, LLC which is a leading service provider to private clubs for summer camps and child watch services, and Tops Fitness Management, LLC a leading provider in the industry of Corporate Wellness and Fitness Management. In total, they employee nearly fifty full-time professionals and over 2,000 seasonal employees. Additional information on SCMG is available on the Company’s website at www.swimclubmanagement.com.