NEW: Golf-related entertainment venue coming to airport area

Drive Shack Palm Beach has leased 12 acres at the southwest corner of Belvedere Road and Australian Avenue for a golf-related entertainment venue featuring outdoor terraces and golf-hitting suites.

(Photo by Stuart Franklin/Getty Images)

The 60,000-square foot complex will also include event, lounge and restaurant space, according to Palm Beach County documents.

Drive Shack will pay the county initial annual rent of $728,000, which will be adjusted every three years. The company is expected to make a total investment of $20 million.

The facility is expected to open in fall 2019.

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