Welcome To Your New Landings
Current Project Snapshot as of 2/15/2026
Today's Landings Update contains a construction update, a financing update, and an overall project update. As always, you can view updated construction updates and pictures at the link below. Please CLICK HERE to view a recent video walkthrough of the progress. Unfortunately, the cold weather, snow, ice, and rain over the past few weeks have again forced project delays. Thankfully, the past week has been decent weather, and we have been busy at The Landings construction site, catching up on the schedule. We just completed three consecutive days of successful lightweight concrete pours in the building, which was critical to staying on schedule. We have now completed all concrete, steel, HVAC ductwork, and truss work on the building.
Current Project Snapshot:
The Macallan team is now transitioning to the rough-in and framing part of the project. They will organize multiple teams and manage overlapping trades on-site over the next few weeks, working to dry-in the building and complete the framing as soon as possible. The Landings jobsite will be packed over the next few weeks, with dozens of workers on-site, so it will look like a three-ring circus for a bit due to the spike in activity. If possible, please avoid the lake area, as it will be quite congested.
Over the past few weeks, we have received dozens of phone calls from excited members asking about progress, commenting on the building so far, and letting us know they cannot wait until this project is complete! Your Trillium Team shares this excitement, and the feeling is growing as our new building comes to life. As stated in previous emails, we are working to open this new amenity as soon as possible this upcoming season. This "Open ASAP" plan means that we do not, nor will we anytime soon, have a defined "opening date" for this new amenity. I know that this is frustrating, but the only solution to a "solid date" today would be pick a date that is past our likely opening window, and doing that isn't helpful...so we ask for patience, knowing that your Trillium Team is working around the clock to bring this amenity online as soon as possible.
Following this morning's weekly meeting with Macallan, we were assured that, despite the rock and weather delays over the past 8 months, they are still working on a revised accelerated schedule for us. We should receive this schedule as soon as the building is fully dried in, and we are past the majority of the "weather delay" risk for this project. That said, Macallan is still working toward opening the Landings before the July 4th holiday. As of today, Macallan's possible "grand opening window" ranges from late June at the earliest to Labor Day at the latest. As we progress, this window will narrow, but today it is what your team is planning for and budgeting for next season. No one is more frustrated with this current uncertainty than the Trillium Management team. Planning operations for next year with so many open possibilities is extremely challenging. Thankfully, we have a capable, tenured management team prepared to execute with precision to make this season the best yet.
We have great news regarding the project's financing, as we have officially secured financing from First Citizens Bank. Not only is the financing complete, but the terms are considerably better than we originally anticipated! We secured a 6.5-year note at a 5.89% fixed interest rate, with 15-year amortization (with balloon), and the first 18 months are interest-only payments. Due to these improved financing terms, we project that, at our current membership levels, the annual Capital Dues will not only cover financing costs but also enable us to make periodic double principal payments over the life of the note. This means that, once this project is complete and fully paid for, we expect overall per-member costs to be considerably lower than originally projected. We are very excited about where we ended up, as this financing was a great win for our Club. What makes this even more exciting is that, as we grow membership over the coming years, our growth will continue to lower the cost per member for this financing as the denominator grows. Further, given the widely anticipated declining interest rates over the coming years, we are hopeful that the refinancing terms of our balloon note will be even better than those of our current note. The punchline is that the project's financing and cost structure look strong, which is great news for our Club as we move forward!
Finally, regarding our overall budget, we are still on track. We have had our contingency funds take a hit due to additional rock removal, among other items, but these surprises were "somewhat planned" and were the reason we were carrying such a large contingency fund in the first place. Our builder, Macallan, and our architect, KDC, have done an incredible job of keeping this project within the budgeted parameters we set for them so far. I am confident that this trend will continue.
Your Trillium Team is proud of how well this fully developed plan accomplishes all the goals our team set out to meet.
EXTERIOR RENDERINGS
INTERIOR RENDERINGS
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Macallan Construction
Macallan Construction is a commercial contractor that thrives in delivering quality turn-key construction services in complex environments because of our unwavering client advocacy, team-driven approach, and ability to complete projects efficiently and cost-effectively. We focus on negotiated work with like-minded clients in different market sectors that include commercial new construction, adaptive reuse, complex renovations, interior tenant improvements, municipal projects, senior living, and historic restoration.
Our founding partners, all of whom have deep commercial construction experience, have combined their complementary skills to form a diversified company with the ability and knowledge not typically found in a commercial general contractor of our size. Since 2002, Macallan has been fortunate enough to partner with Owners, Architects, Program Managers, and Developers on some exceptional projects, and we take pride in meeting the unique challenges of every project type to create a win-win for each team member and stakeholder involved. We thrive on building relationships with our clients, and it is always our goal to ensure the construction process is seamless so our clients can focus on their core business operations.
Integrity is paramount in everything that we do, and we exemplify this through the culture we have built at Macallan. For the last five years, we have been voted one of the Best Places to Work in Atlanta by the Atlanta Business Chronicle. We are a contractor that loves what we do, and we measure success by making our clients successful! We realize that we’re being measured by the service we provide to others. Our experience is varied, but our mission remains constant: to improve the quality of life of our people, partners, and clients.
Macallan is committed to giving back to our communities. Our team members serve throughout Metro Atlanta’s nonprofit sector, contributing board and committee service, volunteer hours, fundraising, and participating in economic development efforts and community initiatives.
Architect KDC
Kuo Diedrich Chi is a full-service, international architecture and design firm that specializes in lifestyles design solutions for club, resort, retail and residential clients.
Since 1994, the three founding principals have shared a common history and long-held belief that exceptional architectural design is judged not only by its ability to inspire people and enhance environments, but also on the relationships built during the process. They view extraordinary design as the outcome of effective listening, strong relationships and expertise.
Kuo Diedrich Chi solves architecture and design problems by ensuring that the specific requirements and goals of client projects drive their efforts and results. They listen closely, collaborate and use their expertise to quickly translate complex ideas into lifestyle design solutions that are creative, functional and enjoyable.