It had been previously announced that Bingham Family Vineyards will be opening a winery at some point with Bobby Cox, original owner of Pheasant Ridge Winery and the Bingham Family Vineyards’ vineyard consultant, as the winemaker. When I was in Fredericksburg this past weekend, I spoke to Clint Bingham, general manager, about breaking ground for the winery and he said they were hoping to do so by the end of this year. Forget about breaking ground now because Bingham Family Vineyards purchased Pheasant Ridge Winery at a public auction held on November 6, 2013.
Pheasant Ridge Winery and adjacent land was sold in four parcels for a total of $709,682.90. Parcel 1 was 11.22+/- acres including the winery and adjacent vineyard sold for $500,000.00. Parcel 2 was 50.154+/- acres of vineyards, land, and equipment which sold for $150,462.00 to the same bidder as parcel 1, bidder #702. As it turns out, bidder #702 was the Bingham family.
Parcel 3 was 31.118+/- acres which sold for $23,338.50 and parcel 4 was 29.902+/- acres which sold for $35,882.40. These parcels sold to other bidders.
This is great news for the Texas wine industry!
Hopefully we will have more news for you in the near future.