"The scope and depth of his generosity are on a scale that is unmatched in Western New York.". He also was shy and modest about his achievements and wealth, and lived accordingly. Developers Diversified is paying Benderson $2.3 billion. 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. 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. Rick Scottand hes running for the District 73 Florida House seat. (When the city commission tried to impose annual inspections on that project, he stormed out and won approval on his own terms.) 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. 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 such, animal adoptions as an advocacy resonate strongly in Randy Benderson. At the young age of 16, Randys father, Nathan Benderson, built Fun NGames Amusement Park; Randy was tasked to manage all operations and head the seasonal company. COURTESY PHOTO Benderson Development acquired the land beneath Thrivent Financial's new headquarters in Minneapolis as part of a net-lease transaction. A longtime Venice resident with kids and grandkids in town, she loves golf and small-town life, including Friday-night high-school football games. The man who collected broken glass as a child to afford a new pair of shoes prefers to keep his fortune closely guarded and in the family. During the war, Benderson was sent to Mississippi, a "dry" state. Drafted into the Army in 1941, Mr. Benderson served in Bermuda and stateside throughout the war. 0.17 miles away. On one day alone in 1933, he bought 1.8 million empty bottles from Phoenix Brewery, which viewed them as obsolete, and resold them. Consulate Health Care of Sarasota 4783 Fruitville Road, Sarasota, FL 34232. benderson family net worth. 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. Additionally, he put up Nates Place in 2007 by converting a prime storefront spot near their corporate headquarters in University Shoppes. In todays economic environment, sale-leasebacks provide growing companies with a highly efficient capital solution, so this was a prudent financial decision for us at Thrivent, Vibhu Sharma, the companys CFO, says in a statement. 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. He does not eat in restaurants that do not offer free refills on iced tea and coffee. His major local projects included Delaware Consumer Square, Boulevard Consumer Square, Thruway Mall, Union Consumer Square and the Niagara Falls outlets. The centers are located in Florida, New York, Ohio and Kentucky. Projects he doesnt favorsuch as a homeless shelterdie on the vine. Scroll below and check more details information about Current Net worth as well as Monthly/Year Salary, Expense, Income Reports! 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 . Never gets stuck in a position, never raises his voice and remains nonaligned, says one courtroom insider. Some gripe that Barwin has all the power and none of the accountability, but no one can deny the city he manages is prospering. He still is not. But his new career was interrupted by World War II. Benderson said the lessons were intentional: He never wanted his kids to "get spoiled." On the higher end, The Beeston Fam could possibly earn close to $9.7 million a year. The business meant more money to send home for his wife, Dora, and their first son, Ronny. He developed office buildings for major corporations around the Northeast and brought retail outlet malls to Niagara Falls and a half-dozen other cities across the country. Tarpon Point Nursing and Rehabi. 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. "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.". The number of his fans has been increasing rapidly over the last few days. He also was a major benefactor for Roswell Park Cancer Institute, Buffalo Zoo, SPCA Serving Erie County, Variety Club, Buffalo Philharmonic Orchestra, Food Bank of Western New York and Center for Hospice and Palliative Care. He valued loyalty and hard work and was viewed as a tough, inquisitive negotiator and a determined businessman. Fred Meyer is a leader in these markets, and were very pleased to strengthen and enhance our long-term partnershipwith them.. 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. 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. A theater fan, she showed her own creativity in the innovative way shes envisioned the foundation, which instead of vetting grant applications launches its own ambitious and imaginative initiatives, in areas from childrens reading and homelessness to reinventing the nations military cemeteries. When he was 21, he started Niagara Dry Beverage Co., a soft drink business on Buffalo's East Side that made "Old Favorite" root beer. A decade later, he moved his company's headquarters to Florida, but maintained regional headquarters and major assets in Buffalo. Ready Capital and Broadmark Realty Capital to Merge, A Closer Look at H2s Investment Sales Drubbing, Robert Bernard Joins CBRE as Chief Sustainability Officer, Unlimited access to GlobeSt and other free ALM publications, Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications, 1 free article* every 30 days across the ALM subscription network, Exclusive discounts on ALM events and publications. Accessiblehell email at all hoursNeal is one of the first calls for pols and business types who need a favor. Power seems more diffuse today. The letter was signed by Ron Weisser and C. Dean Patrinely. Caution and uncertainty are the popular themes. At age 90, there are still days when he is up at dawn and working late into the night. Your email address will not be published. The Jewish Community Center also named a campus after him in Amherst. a natural person who has individual net worth, or joint net worth with the person's spouse, that exceeds $1 . : Project contains 839 lots in two traditional neighborhood development neighborhoods on 400 acres. With a national portfolio of over 120 grocery-anchored centers, Benderson has focused on developing, owning and self-managing retail environments designed to enhance the surrounding community. Access to this site (the "Site"), is provided by Family Office Marketplace (the "Company"). Instead, before the age of 16, he started his first company -- Bison Bottle Co. -- which specialized in buying and reselling beer bottles. Three grandsons work for Benderson Development. Soon the gas company asked him to build an office. Dennis Anderson With Family. Hes Switzerland. Randy Benderson aspires to become an active patron of the Roswell Park Cancer Institute, Food Bank of Western New York and Center for Hospice and Palliative Care, just like his father was. In addition, Ersa Grae has access to a variety of institutional and individual investors, who are recruited either as mezzanine lenders or equity partners to augment and enhance the construction loan. That was the start of Delta Sonic Car Wash. More than a decade later, he and his youngest son, Randy, began making plans for the Niagara Factory Outlet Mall, which opened in 1982. Worthing Place Apartments: started 2000; $45 million; SunTrust (pending). Pioneer Natural, under terms of its lease with Benderson, for instance, will occupy its 1.12 million-square-foot headquarters through at least 2040. Benderson would not consider taking the company public. The Jewish Community Center's suburban campus in Amherst is named for him. At that point, Arcadia will reassess the overall capital needs of the project - principally to obtain entitlements and fund pre-marketing - and tap investors who have partnered previous projects of this scale. 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. Jordan Levy, now a venture capitalist, recalls that Benderson was a favorite in their middle-class neighborhood. 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. Required fields are marked *. 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. Finally, Randy Benderson is also keenly interested in supporting causes that rescue animals. "A self-made man of pure and clear values, my father was a man of great warmth and modesty," said his son, Randy, president of Benderson Development Co. "He was a visionary who had the gift of making the complicated understandable.". 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. It lasted only three weeks. Benderson enjoys relationships with nearly 1,700 tenants, 90 lenders, and six major banks. While the city's reviewing committee is likely to put a great deal of emphasis on the proposals themselves, the developers behind the projects all share one unifying factor: seven-figure plus revenue. Uncategorized. Navigating interest rate disruption: How real-time data can facilitate better CRE decisions amid volatility. News Staff Reporters Gene Warner and Jay Rey contributed to this report. benderson family net worth. Each of these lenders as well as other local lenders like Sarasota/Colonial Bank, AmSouth and United Bank have expressed significant interest in financing The Palm with us. Through our commitment to long-term ownership and continuous reinvestment in our properties, we are able to cater to the business needs of today and tomorrow. 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. Benderson Family Building in Amherst, located on a beautiful 40 acre campus running along Ellicott Creek, is a family-oriented, vibrant town square of life where you can feel a sense of community and belonging. Each of the 25 power players on our list wields major clout in our community. 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"The acid test for equity funding is simple - if Arcadia believes a project is investment-worthy, there will be no shortage of equity to fund it. 1255 N. Gulfstream Avenue, Suite 101, Sarasota, FL 34236Phone: (941) 487-1100, By However, it's rare for influencers to rely on a single source of revenue. He took leave, came home and sold everything. An LSU alum who keeps a Tigers football helmet in his office, hes continuing to expand the hugely popular hospitals facilities and influence. 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. Bill Gates Net Worth: $81 B Source of wealth: Microsoft 2. Essentially the principals and key managers of Arcadia continue to plan and develop high profile projects. Just as stunning was the way he questioned Stovroff about Hospice. Benderson officials could not be reached for comment regarding their recent investments. Still, he was barely making it financially. The 322-home subdivision conserved 213 acres of dwindling farmland and made a significant profit. "Some just turned bad.". If you are experiencing difficulties logging in or are a subscriber getting a paywall, please try one or more of the following steps. "He knows every tenant, every lease, the terms, the rents and he knows the vacancy rates at each of his shopping centers. Brilliant Wharton B-school grad and developer Pat Neal, 67, of Neal Communities dominates the regional builder landscape and is consistently ranked one of Americas best builders. Warren Buffett Net Worth: $67 B Source of wealth: Berkshire. As a teenager, Benderson figured out that he could make more buying and selling bottles from breweries than recycling glass. A week later, in October 1929, the stock market crashed, and the family ultimately lost its home, leaving his father devastated. A recreational rock climber who clearly relishes uphill battles. 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. 1957: Jim Cox Jr. takes over the company after his father's death. Randy Benderson is the youngest of three boys. 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. Benderson made regular trips to Louisiana to slake the troops' thirst for liquor. "As such, there is no audited financial data to share with the Sarasota (Community Redevelopment Agency). "He asked the most probing questions, some of which we couldn't answer," Stovroff said. Elected judge in 1998, he has earned a reputation for hearing all sides. "The Bendersons don't fool around. At age 18, he provided the down payment allowing his parents to once again own a home. Mike Harrington: His team looks good, even without Alex Tuch. Download this eBook and learn how CRE professionals can proactively manage economic challenges by leveraging the power of data. In 1967, after a business professor gave his eldest son, Ronny, a failing grade on a business plan he wrote for a class project, Mr. Benderson let his son test the idea anyway. Benderson said it used to make him sick to think that someone was going to buy the land before he could. He lost $1 million lending money to a company working on a highway project. His achievement stems from the ascension of diligent labor. 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. Sign up for our newsletter to keep reading. Tough but fair, she has a sharp sense of humor and can take it as well as dish it out. Benderson Development, LLC largest privately held real estate companies in America with a diversified portfolio spanning 40 states. 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. As of December 2003, Benderson has 356 separate mortgages outstanding for $1.68 billion dollars. 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. (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. Almost an entire block of Delaware Avenue was built by Mr. Benderson. 2023 Could be Year Apartment Owners Compete for Renters, Beyond Population Shifts: Why Multifamilys Outlook Is Good, Cost of Capital Has CRE Projects Mostly Stalled. Anthony Pompliano Net Worth Phone Number, House Address, Wiki, Ashley Massengill Net Worth | Bio, Family, Address, Career, Atlas Monroe Net Worth | Age, Height, Weight, Dating And More, Beyonce S Net Worth Phone Number, House Address, Wiki, Blue Ivy Net Worth Phone Number, House Address, Wiki. The four finalists for developing a project at Palm and Cocoanut avenues appear to have the experience and the funds to deliver. They run political campaigns, educational institutions and local government. At 75, he shows no signs of slowing down in his mission to help those making a new home here. It also raises its overall portfolio to more than 800 properties totaling 45 million square feet in 40 states. What started as a venture to turn a brewery place into a parking lot grew into a portfolio with over 35 million square feet in 38 states. A global connoisseurask him to show you his travel photography. Benderson has served as Benderson Development's director and president since 1992. 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. 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. Leave a Comment / Net Worth / December 15, 2022 December 15, 2022 Nathan Benderson is a well-recognized public figure with a global reputation. We work closely with our hotel brands, including Hilton Worldwide and Marriott International, to consistently deliver an unmatched guest experience. You have permission to edit this article. Meanwhile, The Jewish Federation of Greater Buffalo created a leadership award in honor of his father, the Nathan Benderson Leadership Award. In 1939, soda was a seasonal business. Ersa Grae has banking relationships with various financial institutions providing construction lending. "Another very important measure of the financial capacity and overall strength of the development team to perform is the local experience and financial capacity of the general contractor with annual revenues in excess of $250 million. The Foundation for Jewish Philanthropies is a not-for-profit public charity that aims to provide for the quality and continuity of Jewish life in Western New York. 5157 Park Club Drive, Sarasota, FL 34235. The Foundation for Jewish Philanthropies gave him a lifetime achievement award in 2004, and the Jewish Federation of Greater Buffalo created the Nathan Benderson Leadership Award. Address: 144 Osprey Point Dr Osprey, FL, 34229. . Having worked closely with his father from a young age, Randy Benderson knows intimately how much his father had a. soft spot for animals. Susan Burns, Tony D'Souza, Pam Daniel, Ilene Denton, Kay Kipling, and Cooper Levey-Baker A Democratic state senator in the 80s, Nealnow a Republicanis an important Republican donor. 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. His company is in the midst of two right now: a waterfront project in Buffalo and the University Town Center Mall on the Sarasota-Manatee county line. The projects highlighted below are for the most part completed projects with actual construction commitments financing that have been achieved and successfully paid off by the principals of Sarasota Main Street. Hes also played a central role in the citys agonized debate over homelessness. His achievement stems from the ascension of diligent labor. Jensen, 61, made the vision a reality, and his influence keeps growing with the ranch. "More people thought we were going to go broke than thought we would become successful," Benderson said. The superstores consist of 380 acres across Washington, Oregon, Idaho, and Alaska. He also was the lead donor of the Weinberg Campus at each stage of its development; the Total Aging In Place programs now are located in the Benderson Village. Because no one in Buffalo knew where he got his money, there were rumors that Benderson had mob ties. Benderson has also acquired ground leases under New York Citys 300-room Hampton Inn Manhattan/Times Square Central; the nine-story, 206-room Highland Dallas hotel; and the 17-story, 525-unit Willard Towers apartments in Chevy Chase, Maryland, a tony suburb of Washington, D.C., the company says in a statement. Schooled during the Depression, Mr. Benderson was cautious in his projects and didn't build lavish buildings. what challenges do advertisers face with product placement? Early Life & Family Benderson Development was born in USA. At JCC Buffalo, Randys father helped develop the Weinberg senior living campus. Barwin, 62, a tall, long-faced career bureaucrat, is agreeable and smart (some say crafty). "He had his whole future in front of him, an exemplary firefighter and employee, just a great all-around person. Nates Place is an animal adoption center that rescues and places as many as 1,000 animals a year. 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. Arcadia partnered with the owner, the Pitcairn Trust. benderson family net worth. When Benderson was 12, his mother came home one day to say she had sold the stock she had inherited from her parents. "We've never made a bad deal," Nathan Benderson likes to joke. Most recently, the company announced earlier this month that it had acquired 28 Fred Meyer superstores in Oregon, Washington, Idaho and Alaska. We offer industry leading companies state-of-the-art design, flexible layouts, well-maintained campuses and highly visible locations to heighten success and create thriving workplace communities. This biography of the founder of the Benderson Development Co. appeared in the Herald-Tribune in 2007. "The sell out value of Ersa Grae's projects are in excess of $500 million. 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. The family lost its home. Early on, he struggled to get loans from Buffalo banks. It beat out the Arcadia Land Co. and Benderson Development Co. proposals by six points. 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. The reasons for their strong interest are that they believe in us as experienced urban-oriented developers of complicated public-private developments. Net worth: $54.4 billion Source of wealth: Chanel The Wertheimer family fortune dates back to 1920s Paris when Pierre Wertheimer funded designer Coco Chanel, Bloomberg reports. A CPA by profession, he sits on the high-profile FSU boardhe was an early backer of Gov. When term limits forced him out, he was snapped up by the Gulf Coast Community Foundation, where as head of community investment hes been a convener and catalyst for tackling problems such as homelessness and affordable housing. Save my name, email, and website in this browser for the next time I comment. "I was ashamed because you don't go to Nate with just a request, 'Hey, write a check.' Access to this site (the "Site"), is provided by Family Office Marketplace (the "Company"). As president of the company, Randy Benderson is following the footsteps of his father, Nathan, in the commercial real estate industry. Lakewood Ranch celebrated its 20th anniversary last fall. Knight Building: started 2000; $1.5 million; Wachovia National Bank, Jacksonville DDA and Duval County HFA. Now 90 years old, Nathan Benderson's development company, with more than 8,000 employees, is a national commercial real estate powerhouse. 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. A one-term city commissioner, he was elected a pro-business county commissioner in 2014. 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. For years Benderson drove beat-up cars. His construction company was found at fault. Address: 4745 Spaulding Dr Clarence, NY, 14031. . Sarasota Magazine. The net asset value of current projects is about $175 million. Benderson Development has an overall rating of 4.6 out of 5, based on over 36 reviews left anonymously by employees. Ronald E Benderson. By age 15, Nathan Benderson was making more money than his father. "Robert Davis' longstanding role in founding and developing Seaside speaks for itself in terms of commitment to excellence and Arcadia's capabilities. "They were so happy to think that I could afford to be in Florida. Thirteen Fifty Main: scheduled to start construction in the summer; $50 million; conventional financing by a local Sarasota lender, such as Sarasota/Colonial Bank, AmSouth or United Bank. Benderson has accumulated an extensive net lease portfolio centered around ground leases, retail, office, industrial and hospitality properties. Isaac Benderson was strict, never giving Nathan the 10-cent admission to Saturday matinees, so Nathan walked a mile to the Utica Avenue theaters, picking up pennies from tin cans at newspaper stands along the way. To this day, Ronny meets his father at restaurants carrying a bottle of Coke and a bottle of Perrier, "and sits there smiling, just to aggravate me," Benderson says. Download this whitepaper to learn which top retail CRE brands are poised for big things in 2023. For University Town Center, Benderson never had his doubts -- even though the project is beyond his usual retail project. The shrewd founder of billion-dollar Sarasota-based collections agency Vengroff Williams, Harvey Vengroff, 75, has become the face of affordable housing in Sarasota, converting old motels to rental units and now building a new 393-unit apartment complex for the working poor. West University Avenue Lofts: started 2003; $3 million; SunTrust National Bank and private limited partner equity investor. Financing ability: "Supported by its substantial net worth, extensive holdings and long-term track record, Benderson enjoys an excellent relationship with 90 present lenders. Sign In Now, Blackstone REIT Keeps Bleeding Despite Infusion of Liquidity. 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. We partner with first-to-market retailers and quality brands that generate excitement, creating successful regional shopping destinations. With this data, we predict the The Beeston Fam YouTube channel generates $359.32 thousand in ad revenue a month and $5.39 million a year. Today, of course, Benderson is part of Buffalo's establishment. His involvement in projects "adds credibility and confidence," said former Buffalo Mayor Anthony Masiello. 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.". benderson family net worth. As a city of newcomers, Sarasota has always been a place where power is fluid rather than fixed into a long-established hierarchy. The Benderson children knew their father was a hard worker and somewhat successful.
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