Copyright 2023 Benderson Development, LLC. Some have amassed millions of dollars of their own, and others have given millions of dollars of other peoples money away. After returning to Buffalo, Benderson's father-in-law convinced him to come to work for him, making $100 a week. Development team general contractor, Kraft Construction Co., has demonstrated 35 years of experience in organizing and completing complicated urban mid-size projects such as The Palm. Potential developers: Sarasota's Benderson Development Co. and Sarasota Commercial Management Inc. "As of March 31, 2003 (close of the most recent fiscal year), Benderson has completed an independent auditor's report, prepared by Brock, Schechter & Polakoff LLP. Little Blue River Valley, Independence, Mo. Over the next decade, Mr. Benderson brought outlet malls to Florida, Virginia, Arizona, California, Oregon and Idaho. An attorney who specializes in condo association law, Lobeck, 65, has fought the forces of development for decades, arguing that citizens want and deserve environmental protections and safeguards against rampant growth. A major Republican donor and Rick Scott appointee, Beruff did away with faculty tenure at State College of Florida and reduced payroll and environmental oversight at SWFMD. Each of the 25 power players on our list wields major clout in our community. Worthing Place Apartments: started 2000; $45 million; SunTrust (pending). Address: 144 Osprey Point Dr Osprey, FL, 34229. . Her husband had grown up with him and their fathers were friends, but Stovroff was not prepared for Benderson the businessman. He swims daily. This biography of the founder of the Benderson Development Co. appeared in the Herald-Tribune in 2007. Drafted into the Army in 1941, Mr. Benderson served in Bermuda and stateside throughout the war. 1957: Jim Cox Jr. takes over the company after his father's death. Within a year, the factory was losing money and Benderson could not pay his lenders. Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com. These stores are best-of-the-best, investment-grade tenancy, and Fred Meyer has strong sales, says Patrick Toomey, an executive director with Institutional Property Advisors (IPA), a division of commercial real estate brokerage Marcus & Millichap, who together with Carrazana and several others at the firm negotiated on behalf of Kroger and Fred Meyer. Woodmont, Pa.: A traditional neighborhood development in upscale and affluent Huntingdon Valley, will be the crown jewel of "New Urbanist" development in the Philadelphia area. Among his holdings is a project that promises to upend Southwest Florida retailing: a 1 million-square-foot "lifestyle center" on the Manatee-Sarasota county line. The plan includes over 40% of open space, with no removal of perimeter trees. He valued loyalty and hard work and was viewed as a tough, inquisitive negotiator and a determined businessman. The family lost its home. "I think in two years or so, they had all their money as I promised," said Benderson, "and we owned the property.". Charming and likeable, she can be aggressive, and she comes equipped with a statewide power base because of her CPA (and new School Board member) husband Eric Robinson and his deep Republican connections. The Galleria survived short listing by city staff reviewers on Jan. 6 and was ranked third of the eight submissions. Its most ambitious undertaking to date is the redevelopment of a major portion of downtown Albuquerque, N.M., in collaboration with the city of Albuquerque and a well-known philanthropic foundation.". Their backgrounds and achievements vary widely, but each of the 25 power players on our list wields major clout in our community. This rating has improved by 36% over the last 12 months. He gives so intelligently because he has to find out everything about the agency or the organization to which he gives.". Exclusive discounts on ALM and GlobeSt events. Tampa's Lindell Investments Inc. and the PatrinelyGroup LLC, a subsidiary of Crimson Capital Ltd., abandoned plans to compete for the downtown Sarasota project. In 1939, soda was a seasonal business. Almost an entire block of Delaware Avenue was built by Mr. Benderson. He also bought and demolished dilapidated buildings along Delaware Avenue, particularly between Allen and North streets, putting up new office buildings and other facilities -- including the Holiday Inn -- that stand today. Coming soon: a trauma center, cancer center, and if Verinder and his board win an appeal, a new hospital in South County, too. Copyright 2023 ALM Global, LLC. His achievement stems from the ascension of diligent labor. Mr. Benderson entered the real estate business in 1951, when he bought the eight-building Schreiber Brewery on Fillmore Avenue at a foreclosure auction for $275,000, before selling off all the equipment and beer and redeveloping the property. To glimpse him enjoying his jet-set lifestyle, google Bravos Below Deck Mediterranean reality show. A kayaker and naturalist, he developed his love for the environment growing up in what were then the wilds of South County. Today, of course, Benderson is part of Buffalo's establishment. Required fields are marked *. He wasnt scared off by Marco Rubios late entry into the race (by staying in he may be amassing political capital for a future run for governor); whether or not he wins, hes likely to stay a player in this red state. As of December 2003, Benderson has 356 separate mortgages outstanding for $1.68 billion dollars. These instruments have been placed with the 90 lenders Benderson's bank dealings include nine-figure relationships with Fleet Bank, HSBC Bank, M&T Bank, Citibank, Key Bank, and Wells Fargo Bank. Sign up for our newsletter to keep reading. (Though hes gone on record as objecting to how the vulgar Trump is leading our party off a cliff.) The ultimate operator, he knows Floridas power players, sits on influential boards and pulls levers on land use policy. Randy Benderson, Nate Benderson and the brothers know the strict rules of the tax laws in setting up a family limited partnership, and they flagrantly ignore them. "What people don't know is 90 percent of his life the last 25 years was all about charity," Levy said, "but he wasn't the kind of guy to get up and have a press conference to talk about it.". When Benderson was 12, his mother came home one day to say she had sold the stock she had inherited from her parents. Warren Buffett Net Worth: $67 B Source of wealth: Berkshire. 50.011. what challenges do advertisers face with product placement? Just as stunning was the way he questioned Stovroff about Hospice. Shes retiring in February, but until then, the calm, steady superintendent of Sarasota County schools oversees a $419 million budget and the countys largest workforce, with every stroke of her pen affecting 5,000 employees and 42,000 kids and their families. Under terms of the absolute net lease deal, Portland-based Fred Meyer and Kroger will cover all operating expenses associated with the stores. The open-air mall, the first of its kind in the region, has landed high-end retailers Neiman Marcus and Nordstrom. Our collection of modern, flexible warehouse space and industrial parks deliver solutions to activate and support the workforce. Soon the gas company asked him to build an office. Unlike his larger-than-life late father, Nate, Randy Benderson, 61, shuns the spotlight; surprisingly few even recognize the head of Benderson Development, the national powerhouse that as the countys largest private landowner has transformed the area around University Parkway and I-75. Mike Harrington: His team looks good, even without Alex Tuch. Many fellow soldiers wanted something harder than base-served beer. A one-term city commissioner, he was elected a pro-business county commissioner in 2014. . Other causes and charities the Benderson family, including father-son tandem Nathan and Randy. Hes made Sarasota a must-stop for celebrity politicians like Donald Trump (twice honoring him as Statesman of the Year), Ben Carson and Rand Paul, bringing in new Republican voters. "Some just turned bad.". The current commercial real estate (CRE) landscape faces disruption from economic and geopolitical fallout. Farmview, Pa.: The Greenfield conservation development is a 418-acre site in historic Bucks County. No matter how many battles hes lost, he continues to wage the war, undeterred by the groans when he grabs the microphone. Sarasotas young (39), amiable GOP chair and VP of the Republican Party of Florida has earned a reputation for fiercely conservative views, risk-taking and ambition. His achievement has been built on a foundation of hard effort. Leave a Comment / Net Worth / December 24, 2022 December 24, 2022 Ron Benderson is one of the most popular faces on the globe. He counted them first "to figure out how many I could steal," he said. But dont be misled by her mild manner; White, 61, has managed to restore trust and stability to the school system after some fractious predecessors, and she can control the unruliest of meetings. Fred Meyer operates 132 stores in total, which average 165,000 square feet larger than most Costco Wholesale Club outlets or SuperTarget stores. Lakewood Ranch celebrated its 20th anniversary last fall. For University Town Center, Benderson never had his doubts -- even though the project is beyond his usual retail project. Home. "Benderson is typically regarded as the largest privately-held open shopping center developer in the U.S. His construction company was found at fault. Like most developers, some of Benderson's deals went sour. Now in his second term as Sarasota County Sheriff, the former Highway Patrol trooper and Venice High grad, 53, has a congenial, open manner thats helped him win friends and respect at all levels of the community and state. "Benderson, and affiliated companies, has been in business for over five decades. Susan Burns, Tony D'Souza, Pam Daniel, Ilene Denton, Kay Kipling, and Cooper Levey-Baker Below are excerpts of the letter sent to the city in explanation of the developers' withdrawal from the project: "Due to the untimely death this past weekend of Tom Cardinal (partner in Cardinal, Carlson + Partners), a critical member of our development team for our Palm Avenue Galleria proposal we quickly came to the realization that without Tom helping to lead the charge in Sarasota, the very fabric of our project delivery team would be missing the one person whose heart and soul has been poured into this project for years. Palmetto Place, Bridgeside Place and the Highland Beach Club are all excellent real examples of our ability to achieve highly competitive construction financing commitments with prominent lenders such as Bank of America, Ohio Savings (AmTrust Bank), or General Electric Capital Corp. "We are in serious discussions with each of the above referenced lenders with our proposed Thirteen Fifty Main mixed-use project one block to the south of the Palm site. "Robert Davis' longstanding role in founding and developing Seaside speaks for itself in terms of commitment to excellence and Arcadia's capabilities. A decade later, he moved his company's headquarters to Florida, but maintained regional headquarters and major assets in Buffalo. He understands whats unique about Sarasota and wants to protect that, including opposing guns on the beach. Benderson Development Co. owns or manages 250 properties, a portfolio that includes 30 million square feet of office buildings, industrial parks, residential communities and hotels. The smart, serious attorney, 42, is known for doing her research, getting to the point and advancing a pro-business agenda, much to the ire of conservationists, whove recently watched Sarasota County environmental protections get dismantled in favor of developers. But in the past, even if the players changed, they tended to come from the same placesfor example, banks, churches, nonprofit institutionsand they tended to work closely together. Fifteen of the Fred Meyer stores that were part of the transaction are located in Oregon, while another 10 are in Washington state. "The sell out value of Ersa Grae's projects are in excess of $500 million. The co-owner of Michaels On East Restaurant and Michaels Wine Cellar, 61, paid his dues at his familys now shuttered Colony Resort on Longboat Key. Dennis Anderson is an example of someone who started low in life and then . Survivors include his wife, the former Dora Broder; three sons, Ronald, Robert and Randy; and a longtime companion, Anne M. Virag. You have permission to edit this article. Uncategorized. Now a paralegal and vice president of the Florida ACLU, Barfield works with attorney Andrea Mogensen, defending the rights of Sarasotas homeless and forcing local governments, often through costly lawsuits, to operate in the Sunshine. Respected, feared and even hated, he seems indifferent to the emotions he evokes. Dennis Anderson takes home a monthly salary of $32,000, while his net worth is reported to be $5 million US Dollars. What does this mean for CRE professionals? By 1958, his company's property assets totaled $14.5 million. Nathan Benderson began making business deals even as his father Isaac withdrew from that world. But he was back at work the next day, looking for another real estate development. Net worth: $24.5 billion Source of wealth: Hearst Corporation About 67 family members share the fortune that William Randolph Hearst created when he took over the San Francisco Examiner in the . Brilliant at dialing for dollars (grown men tremble when her name comes up on caller ID), shes now building a war chest as chair of the towns Democratic Party. No one ever had anything nega, A 37-year-old Buffalo firefighter died while fighting a four-alarm blaze on Main Street downtown that may have been sparked by work being done, A vandal smashed numerous statues overnight at a park honoring veterans and first responders in front ofRussell's Steaks, Chops & More, 6, While Amherst police were on the scene, a number of fights started among groups within the crowd in the mall lot on Alberta and in the Wegmans, "The questions, concerns and issues raised in The Buffalo News' reporting concerning Forest Lawn depict a nonprofit that has serious problems . And in this case, Benderson performed flawlessly.. Leave a Comment / Net Worth / December 15, 2022 December 15, 2022 Nathan Benderson is a well-recognized public figure with a global reputation. Pioneer Natural, under terms of its lease with Benderson, for instance, will occupy its 1.12 million-square-foot headquarters through at least 2040. Met Life was pleased enough that it ordered another dozen buildings during the next few years, trusting Benderson to get them done. largest privately held real estate companies in America with a diversified portfolio spanning 40 states. By the time his father recovered, Benderson had given his parents the down payment for a new home, bought his own factory and was making "Old Favorite" root beer under his Niagara Dry Beverages label. A wide range of company responsibilities fall . When he was 12, his mother sold all the stock she had inherited from her parents, but his father convinced her to buy it back. Your email address will not be published. Your email address will not be published. Their calls get answered, their agendas turn into action and their networks spread far and wide. But even those who disagree with Shaw praise the father of nines gregarious personality and say that hes always guided by what he thinks is best for Newtown. He collected glass shards for his father to recycle. But some things are the same. If theres one thing Randy Bendersoninherited from his late father, real estate powerhouse Nathan Benderson, it would be his passion and impressive work ethic. By age 15, Nathan Benderson was making more money than his father. benderson family net worth. Benderson has served as Benderson Development's director and president since 1992. "He had his whole future in front of him, an exemplary firefighter and employee, just a great all-around person. Benderson Development Co. is best known along the Gulf Coast for ground-up developments and distressed property upgrades, but since late 2019 the University Park company also has grown its nationwide portfolio through a series of transactions exceeding $1.5 billion. If you are experiencing difficulties logging in or are a subscriber getting a paywall, please try one or more of the following steps. Area philanthropic foundations control $1 billion in assets, and the millions they disperse each year affect the entire regions quality of life. Never gets stuck in a position, never raises his voice and remains nonaligned, says one courtroom insider. In the case of Fred Meyer, parent Kroger Co. will commit to new 25-year leases with Benderson, the base rent for which is $25 million annually for the 28 locations. Benderson made regular trips to Louisiana to slake the troops' thirst for liquor. The reserved (but quick-to-laugh) accountant, 49, whos now CEO of Sarasota Memorial Health Care System isnt as publicly visible as his charismatic predecessor, Gwen MacKenzie, but with 4,000 employees, he oversees one of the regions biggest workforces. A week later, in October 1929, the stock market crashed, and the family ultimately lost its home, leaving his father devastated. "We're not interested in being Donald Trump-type business people," Benderson said. Jordan Levy, now a venture capitalist, recalls that Benderson was a favorite in their middle-class neighborhood. Nevertheless, Mr. Benderson was always an entrepreneur, unafraid of risks.
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