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'Relaunch' Planned: Woodlake Recovery On Track | News

After years of neglect, decay and loss, Woodlake Country Club in eastern Moore County is rebounding under new ownership. ....

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Company Contracted to Repair Woodlake Dam

A Goldsboro construction company has been tabbed to rebuild the breached dam at Woodlake, bringing the subdivision one step closer to the restoration of its namesake lake. ....

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Woodlake residents hope for brighter days with new ownership

VASS After years of controversy, the Moore County community of Woodlake is looking toward a new future.
Woodlake was recently bought out of foreclosure by Fayetteville businessman Keith Allison, CEO of Systel Business Equipment. His company, Atlantic National Capital, purchased the mortgage for $3.5 million.
If no higher offers come through, Allison said Atlantic National Capital could have sole ownership of Woodlake by Monday, including the dam, two golf courses, lakebed and 500 lots that could be developed with houses.
For 14-year Woodlake resident Charlie Jones, it s a welcome change.
“It’s a new day,” Jones said. “I mean, it s a, not quite a blank slate … but it is the most positive circumstance that Woodlake has been in for many, many, many years.” ....

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Woodlake Fetches $3.5M at Auction, Setting Stage for Local Ownership

The embattled Woodlake community is expected to see new ownership following a foreclosure auctionÂ at the Moore County Courthouse on Thursday.
Atlantic National Capital, an investment group based in Fayetteville, was the only entity to bid on the development, which sold for $3.5 million. Keith Allison, a local businessman who has owned property in Woodlake for about 25 years, is involved with the company.
Shortly after its formation in September, Atlantic National Capital obtained the deed of trust for Woodlake. The previous owner of the gated subdivision was a company managed by Illya Steiner, a German investor who bought Woodlake from another German investor for $750,000 in 2015. ....

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Foreclosure Sale Set for Woodlake Community

Key pieces of the Woodlake community will be auctioned off later this month on the steps of the Moore County Courthouse, setting the stage for new ownership at the troubled ....

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