1255 N. Gulfstream Avenue, Suite 101, Sarasota, FL 34236Phone: (941) 487-1100, By Benderson helped create one of the first outlet malls and was one of the first developers to venture into suburbia. 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. To this day, Randy Benderson continues to honor and support the charitieshis great father had cared about, taking them up as his own. Theyre very much in demand now, and theyre a bellwether of the overall commercial real estate market in a way, in that they reveal the level of pent-up demand there is among investors for high-quality real estate. However, theres more to his fathers legacy than running one of the regions largest real estate development companies. He valued loyalty and hard work and was viewed as a tough, inquisitive negotiator and a determined businessman. Keep reading with unlimited digital access. Dont hug her or shake her hand, thoughshe fends off germs by hands-free greetings. Fifteen of the Fred Meyer stores that were part of the transaction are located in Oregon, while another 10 are in Washington state. Which One is Best? 50.011. "I was ashamed because you don't go to Nate with just a request, 'Hey, write a check.' Sign In Now, Blackstone REIT Keeps Bleeding Despite Infusion of Liquidity. Their backgrounds and achievements vary widely, but each of the 25 power players on our list wields major clout in our community. 0.17 miles away. All that matters in their operation is to avoid and evade taxes. Present holdings consist of approximately 800 properties in 35 states with over 40,000,000 square feet of gross leaseable area within its retail division. Behind the scenes, Mr. Benderson was a generous donor to philanthropic causes and became the largest donor ever to Buffalo's Jewish community, giving millions of dollars over many years. For Benderson and other investors, conversely, net-lease transactions provide long-term stable cash flow and credit-tenant guarantees. 1988: Jim Kennedy . He sold Christmas tinsel in his grandfather's cigar store, fireworks for the Fourth of July and flowers from his mother's garden, according to old newspaper stories and Dick Hirsch's biography "The Bubble Didn't Burst: The Story of Nathan Benderson.". He attended both Bennett and Lafayette high schools but never graduated. The reasons for their strong interest are that they believe in us as experienced urban-oriented developers of complicated public-private developments. 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. Address: 4745 Spaulding Dr Clarence, NY, 14031. . When the project failed, he lost $1 million. Access to this site (the "Site"), is provided by Family Office Marketplace (the "Company"). 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. what challenges do advertisers face with product placement? His major local projects included Delaware Consumer Square, Boulevard Consumer Square, Thruway Mall, Union Consumer Square and the Niagara Falls outlets. 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.". If you are experiencing difficulties logging in or are a subscriber getting a paywall, please try one or more of the following steps. W. Kyle Gore, a CGA Capital co-founder and managing director, says in an email that his firm was also involved in the Fred Meyer effort, but he declined further comment. Mr. Benderson created a $2 million endowment for programs at Buffalo's Johnnie B. Wiley amateur sports complex. The business meant more money to send home for his wife, Dora, and their first son, Ronny. If theres one thing Randy Bendersoninherited from his late father, real estate powerhouse Nathan Benderson, it would be his passion and impressive work ethic. ", Financing ability: "Supported by its substantial net worth, extensive holdings and long-term track record, Benderson enjoys an excellent relationship with 90 present lenders. Buffalo Lodging Associates owns and operates over 50 award-winning hotels. He never leaves the house before he exercises. The development group's Palm Avenue Galleria proposal called for construction of two 10-story, mixed-use buildings, a five-story commercial office building, a six-level 680-car parking garage and a 400-foot long covered galleria. 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. Over the next two decades, Mr. Benderson developed office buildings for corporate tenants such as MetLife, John Hancock, Pitney Bowes and IBM all over the Northeast. 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. Merrill Lynch Building: started 1998; $7 million; Bankers Trust. Barnett Bank Building: started 2004; $26 million; City of Jacksonville, private limited partner equity investor, federal historic tax credit investor and first mortgage lender Wachovia National Bank or SunTrust National Bank. Real-estate magnate Nathan Benderson dies. "I think in two years or so, they had all their money as I promised," said Benderson, "and we owned the property.". benderson family net worth. Additionally, Benderson, through its affiliated companies, owns and operates 23 hotels as franchisees of various hotel companies, including Marriott and Hilton Hotels. Just as stunning was the way he questioned Stovroff about Hospice. People with brains, passion and ambition rise; women lead nonprofit associations but businesses not so much; Sarasotas power structure, like Sarasota itself, remains overwhelmingly white; and the old order ages out while new faces take their place. But after making millions developing software for auto dealers, the ber-confident Biter, now 40, moved his young family to Sarasota and started acquiring downtown properties including, with partners, Main Plazaand raising the local cool factor. "A lot of people who have gone public over the years have been sorry that they've done it. Mission, capabilities and experience: Arcadia Land Co. specializes in managing and investing in New Urbanist projects. Power seems more diffuse today. But Benderson, who moved his headquarters to Manatee County nearly four years ago, does nothing to trumpet that scope. 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Seaside: More than 80 acres containing approximately 500 homes, 100,000 square feet of retail/commercial and a variety of civic buildings. Smith Barney Building: started 1997; $1.5 million; Bankers Trust. The sale-leaseback investment brings to 32 the number of Fred Meyer Stores Inc. outlets Benderson now owns. Bill Gates Net Worth: $81 B Source of wealth: Microsoft 2. Three years into the Great Depression, Benderson's father, Isaac, had a broken spirit and was afraid to take a risk after. A CPA by profession, he sits on the high-profile FSU boardhe was an early backer of Gov. Loves his family, loves his job, loves the communityand loves to talk about all that, too. Benderson was driving around Buffalo scouting new sites for shopping centers and inspecting his developed properties. Mike Harrington: His team looks good, even without Alex Tuch. The net asset value of current projects is about $175 million. The Benderson family is worth billions of dollars and employee many lawyers and CPAs. The open-air mall, the first of its kind in the region, has landed high-end retailers Neiman Marcus and Nordstrom. In all, Benderson one of North Americas largest privately held real estate companies has completed a half-dozen other acquisitions over the past 18 months. His company later sold nearly 40 percent of its Northeast properties to a Cleveland company for $2.3 billion, including retail plazas in Buffalo -- only to buy many of them back a few years later for a profit. As president of the company, Randy Benderson is following the footsteps of his father, Nathan, in the commercial real estate industry. Benderson Family Skilled Nursing and Rehabilitation Center 1959 N. Honore Ave., Sarasota, FL 34235 Map Key Nearby Nursing Home Nearby Hospital Nearby Nursing Homes The Meadows Center for. "However, intense efforts to arrange their personal financial commitments or to locate financial partners will not proceed until the proposal winner is selected. Within a year, the factory was losing money and Benderson could not pay his lenders. An LSU alum who keeps a Tigers football helmet in his office, hes continuing to expand the hugely popular hospitals facilities and influence. August 31, 2016 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. 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. During the war, Benderson was sent to Mississippi, a "dry" state. "We just feel we want to be our own people," Benderson said. He does not eat in restaurants that do not offer free refills on iced tea and coffee. Retailers faced a wide range of challenges in 2022. He also remembers learning early on to turn off the lights and to always count his change. 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 is an example of someone who started low in life and then . As such, animal adoptions as an advocacy resonate strongly in Randy Benderson. 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. They preach the gospel of arts and creativity, champion tech entrepreneurs and immigrants, fight to preserve the environment and womens reproductive rights and sue for civil rights and open government. Navigating interest rate disruption: How real-time data can facilitate better CRE decisions amid volatility. Is Michael Barfield a Crusader or a Con Man. Copyright 2023 Benderson Development, LLC. "He had his whole future in front of him, an exemplary firefighter and employee, just a great all-around person. Published in the September 2016 issue of These senior programs are now up and running at theBenderson Village. "The ownership and financial structure of the proposed Plaza Verdi will most likely be very similar to Five Points Plaza through a special purpose single asset Florida LLC or partnership.". The plan includes over 40% of open space, with no removal of perimeter trees. "If there were only four or five, I'd take one or two. As the leader of one of the biggest privately held companies focusing on real estate development in the United States, Benderson manages 300 employees and commercial space spanning more than 40 million square feet. Hes passionate and eloquent about civic issues, but not always ultra-serious; he and his wife Dru watch a movie almost every night and are fantastic Cajun dancers. A creative problem solver, he has been a key player in diversity conversations at the Sarasota Bar, in Newtown and at New College of Florida. Brainy and dedicated, Thaxton, 58, did exhaustive homework and managed to balance business and quality of life issues during his eight years on the Sarasota County Commission. In 2000, The Buffalo News named Mr. Benderson one of the top 10 most influential business people in the past century. alvirne high school teacher dies . 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. georgia forensic audit pulitzer; pelonis box fan manual There are Four Different NOIs in a CRE Deal. It is situated on a former nursery site of 44 acres. Sarasota Magazine A Buffalo native, Mr. Benderson was known as "Sonny" when he was young. Bridgeside Place, Fort Lauderdale: started 1998; $53 million; Bank of America. Dennis Anderson With Family. benderson family net worth. Year: Net Worth: 2019: $13 Million : 2020: $13.5 Million: 2021: 14 Million: 2022: 14.5 . To keep his plant going, Benderson slept in his car outside the plant in the spring and summer. "On the way home, I'll stop and get you a bottle of Coke for a nickel.". The Jewish Community Center also named a campus after him in Amherst. Our collection of modern, flexible warehouse space and industrial parks deliver solutions to activate and support the workforce. Ersa Grae has banking relationships with various financial institutions providing construction lending. His achievement stems from the ascension of diligent labor. It also raises its overall portfolio to more than 800 properties totaling 45 million square feet in 40 states. In addition to making more money each day, Benderson Development is becoming more well-known. or joint net worth with the person's spouse, that exceeds $1 million at the time of such person's . As an elementary school student, the son walked up and down the front of his grandfather's Buffalo, N.Y., cigar store selling Christmas tinsel. Benderson got back into bottles for five years, then decided to buy a brewery -- trucks, equipment, beer, bottles, cases and all -- at a foreclosure auction. Benderson has accumulated an extensive net lease portfolio centered around ground leases, retail, office, industrial and hospitality properties. For years Benderson drove beat-up cars. Because no one in Buffalo knew where he got his money, there were rumors that Benderson had mob ties. At age 18, he provided the down payment allowing his parents to once again own a home. Greeted with skepticism when announced, the 30,000-acre master-planned community, with 25,000 residents and thousands more homes in the works, has pulled the regions center of gravity east and generated a boom in development around I-75. He understands whats unique about Sarasota and wants to protect that, including opposing guns on the beach. Exclusive discounts on ALM and GlobeSt events. This rating has improved by 36% over the last 12 months. Download this whitepaper to learn which top retail CRE brands are poised for big things in 2023. At age 90, there are still days when he is up at dawn and working late into the night. Now 90 years old, Nathan Benderson's development company, with more than 8,000 employees, is a national commercial real estate powerhouse. Shes served on the school board and in both houses of the state legislature, where she often advocated for children, and just won a seatrunning unopposedon the county commission. Being independent has meant that he could pursue projects others thought were too risky. "Robert Davis' longstanding role in founding and developing Seaside speaks for itself in terms of commitment to excellence and Arcadia's capabilities. The three principals - William Morris, Christopher Brown and Michael Langton - have a combined net worth of about $23.2 million. Address: 144 Osprey Point Dr Osprey, FL, 34229. . *May exclude premium content Caution and uncertainty are the popular themes. Her husband had grown up with him and their fathers were friends, but Stovroff was not prepared for Benderson the businessman. At JCC Buffalo, Randys father helped develop the Weinberg senior living campus. Quick to get the firstand lastword in, hes got a street-level view of how business intersects with politics as part of the Caragiulo restaurant family, which includes four older brothers and has created Owens Fish Camp, Shore, Veronica and Caragiulos. It was the brewery that made Benderson a real estate developer. After having a successful stint in the racing industry, he married the love of his life, Carisa Meyers, in the year 2005. . Jordan Levy, now a venture capitalist, recalls that Benderson was a favorite in their middle-class neighborhood. By 16, he quit school and bought an old truck, hauling bottles to as far away as Cleveland. After another failed try, she helped revive the Westcoast Black Theatre Troupe, righting the books, recruiting donors and gamely grooving to Motown tunes at fund raisers. His achievement has been built on a foundation of hard effort. In 2013, his not-in-my-district stance scuttled plans for a come-as-you-are homeless shelter, inflaming critics. Copyright 2023 Observer Media Group Inc., All Rights Reserved, The Point Man of Five Points (Sara/Mana edition), as required for Public Notices per F.S. Arcadia's expertise is not limited to Greenfield projects. He expects those he deals with to have done their homework. Hates bureaucracy, loves control and wont be intimidated. talladega high school basketball. Farmview, Pa.: The Greenfield conservation development is a 418-acre site in historic Bucks County. Early Life & Family Benderson Development was born in USA. Nationally, shes been named PP CEO of the Year, and shes won broad local support, including from high-profile Republican stalwarts, as she has aggressively expanded facilities and services. Their calls get answered, their agendas turn into action and their networks spread far and wide. Benderson is also famous for his frugality. It lasted only three weeks. 1801 Military Trail: started 1999; $12.0 million; Guaranty Federal Bank. "We've never made a bad deal," Nathan Benderson likes to joke. They build empires, in fields from shopping center development to restaurants. When she walked into his offices, she was stunned at the extent of his holdings. By age 15, Nathan Benderson was making more money than his father. News Staff Reporters Gene Warner and Jay Rey contributed to this report. Rick Scottand hes running for the District 73 Florida House seat. Barwin, 62, a tall, long-faced career bureaucrat, is agreeable and smart (some say crafty). Instead, before the age of 16, he started his first company -- Bison Bottle Co. -- which specialized in buying and reselling beer bottles. If Benderson Family Skilled Nursing and Rehab Center isn't quite what you're looking for, take a look at a few other nearby facilities that might be a better match. Required fields are marked *. Little Blue River Valley, Independence, Mo. : Project contains 839 lots in two traditional neighborhood development neighborhoods on 400 acres. In buying the portfolio, Benderson outbid roughly 20 other qualified buyers. At the young age of 16, Randy's father, Nathan Benderson, built Fun N'Games Amusement Park; Randy was tasked to manage all operations and head the seasonal company. It beat out the Arcadia Land Co. and Benderson Development Co. proposals by six points. The Benderson Family Life Insurance Legacy Initiative is in excess of $130 million and will go to whatever charities the family decides to support, Levy said. "The scope and depth of his generosity are on a scale that is unmatched in Western New York.". 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. To glimpse him enjoying his jet-set lifestyle, google Bravos Below Deck Mediterranean reality show. In 1939, soda was a seasonal business. Copyright 2023 Observer Media Group Inc., All Rights Reserved, Net lease broker sells 7-Eleven portfolio, Lab pioneers $60 million HQ project nearly complete, Kansas real estate investor buys Rick Johnson auto retail building, Retail developers find ways to beat back e-commerce, Fast-growing pizza chain to open 15 new stores in region, Maxim Commercial Real Estate poised for Charlotte growth, Six bids over $20 million for county administration building, Real estate firm expands portfolio with massive ground lease purchase, Benderson Development buys a 28-store portfolio of grocery stores, Benderson executes $218 million land deal in Dallas, Oak Street adds to regional Walgreens portfolio, Benderson Development makes push west with acquisitions, as required for Public Notices per F.S. Its been nearly a decade since we compiled a list of Sarasotas most influential people, and as we worked on this story, we realized that power here is not what it used to be. Benderson said it used to make him sick to think that someone was going to buy the land before he could. Sports a dry sense of humor and a passion for filmmaking, expressed in several documentaries about Newtown. 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. Nathan Benderson, a high school dropout who turned painful Depression-era family memories into a highly successful business career that made him the founder of Buffalo's most prominent. "We used to pay good interest.". At 75, he shows no signs of slowing down in his mission to help those making a new home here. In St. John suits and a bouffant blonde hairdo, Jennings, 70, founded, led and sold Sarasota Bank at a time when banking was a mans world, then surprised her conservative clients by running for Congress as a Democrat, losing to Vern Buchanan by just 368 votes. We work closely with our hotel brands, including Hilton Worldwide and Marriott International, to consistently deliver an unmatched guest experience. Uncategorized. After returning to Buffalo, Benderson's father-in-law convinced him to come to work for him, making $100 a week. Warren Buffett Net Worth: $67 B Source of wealth: Berkshire. Our diversified, multi-disciplined team provides accounting, audit, domestic and international tax services as well as insolvency and litigation services to clients across many industries. City commissioner and current mayor, Shaw, 68, a retired postal employee whose family history here goes back more than 110 years, may be the most respected leader in Newtown. The estimated $500 million deal also will add 4.5 million square feet to Bendersons portfolio. A kayaker and naturalist, he developed his love for the environment growing up in what were then the wilds of South County. Save my name, email, and website in this browser for the next time I comment. He collected glass shards for his father to recycle. Some of the statements are not as detailed as others, but they are interesting nonetheless. They run political campaigns, educational institutions and local government. Here is the full list of the 400 richest Americans for 2014. 50.011. 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. So what does Sabres GM Kevyn Adams do this week? benderson family net worth. Practical, principled and authentic, Detert, 71, is the kind of politician who isnt supposed to exist anymore, a moderate Republican who gets good things done and is supported on all sides of the aisle. "As such, there is no audited financial data to share with the Sarasota (Community Redevelopment Agency). Randy would later team up with his father, helping lead one of the countrys national commercial real estate firms. He would rather walk a few blocks than feed a parking meter. 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 stems from the ascension of diligent labor. Fred Meyer is a leader in these markets, and were very pleased to strengthen and enhance our long-term partnershipwith them.. The rumors kept him out of the Montefiore Club, an exclusive Jewish club, after he refused to sign an affidavit saying his money was not mob-related.