"The principals all have unblemished financial statements with limited current debt levels and they believe in the growth and future of downtown Sarasota with a well-conceived and well-executed project such as The Palm. The party establishment pooh-poohed when he became co-chair of Trumps Florida presidential campaign, but so far, Gruters is riding high. 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. 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. 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. A longtime Venice resident with kids and grandkids in town, she loves golf and small-town life, including Friday-night high-school football games. Navigating interest rate disruption: How real-time data can facilitate better CRE decisions amid volatility. Benderson have supported are SPCA Serving Erie County, Variety Club, and the Buffalo Philharmonic Orchestra. At JCC Buffalo, Randys father helped develop the Weinberg senior living campus. 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. 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. 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. A Buffalo native, Mr. Benderson was known as "Sonny" when he was young. 50.011. 1801 Military Trail: started 1999; $12.0 million; Guaranty Federal Bank. Love them or loathe them, the shopping centers, mall, rowing park and diverging diamond are here to stay, and mores coming, with up to 500 hotel rooms and 1,750 residential units approved. 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. Benderson Development has an overall rating of 4.6 out of 5, based on over 36 reviews left anonymously by employees. 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. What they did not know is that the trips were never about the ice cream. ", Financing ability: "Supported by its substantial net worth, extensive holdings and long-term track record, Benderson enjoys an excellent relationship with 90 present lenders. It is situated on a former nursery site of 44 acres. Still, he was barely making it financially. Randy Benderson is the youngest of three boys. The four development groups submitted financial statements to show city reviewers they are capable of large-scale development, and the statements clearly show that they have considerable backing. Hes reduced crime levels, kept budgets flat and adapted progressive strategies like intelligent policing intended to prevent rather than react to crime. Warren Buffett Net Worth: $67 B Source of wealth: Berkshire. The audit will confirm Benderson's net worth in an amount in excess of $100 million. 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. . In addition, Kraft Construction has been the general contractor for the city of Sarasota, Sarasota School District and Sarasota County.". 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. Mike Harrington: His team looks good, even without Alex Tuch. Benderson made regular trips to Louisiana to slake the troops' thirst for liquor. ", "Haskell (the design build contractor) (has) annual sales in excess of $700 million (and its) current bonding capacity is $600 million. 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. Sign In Now, Blackstone REIT Keeps Bleeding Despite Infusion of Liquidity. *May exclude premium content 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. 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. Mr. Benderson set up a trust with the funds to go to charities upon his death, said Jordan Levy, chairman of the Erie Canal Harbor Development Corp., and a lifelong friend of the Benderson family. How many people besides Schroeder-Manatee Ranch chief Rex Jensen thought it possible? And in this case, Benderson performed flawlessly.. Worthing Place Apartments: started 2000; $45 million; SunTrust (pending). "Each of Ersa Grae's projects are normally held in a single asset subsidiary, jointly owned with various investors. "He's remarkable," said Wayne Wisbaum, an attorney whose family has had a long association with Benderson. or joint net worth with the person's spouse, that exceeds $1 million at the time of such person's . Downtown Albuquerque redevelopment: The Historic District Improvement Co., an Arcadia affiliate, controls and will redevelop more than 500,000 square feet of retail Class A office space and residential units. 1255 N. Gulfstream Avenue, Suite 101, Sarasota, FL 34236Phone: (941) 487-1100, By Some of these charities are JCC Buffalo, or the Jewish Community Center of Greater Buffalo, The Jewish Federation of Greater Buffalo, and the Israel Bonds Organization. A week later, in October 1929, the stock market crashed, and the family ultimately lost its home, leaving his father devastated. Fred Meyer is a leader in these markets, and were very pleased to strengthen and enhance our long-term partnershipwith them.. Is Michael Barfield a Crusader or a Con Man. If theres one thing Randy Bendersoninherited from his late father, real estate powerhouse Nathan Benderson, it would be his passion and impressive work ethic. The market for these types of transactions is alive and well, especially for grocery-anchored properties in good locations, as these are, he says. Year: Net Worth: 2019: $13 Million : 2020: $13.5 Million: 2021: 14 Million: 2022: 14.5 . As a city of newcomers, Sarasota has always been a place where power is fluid rather than fixed into a long-established hierarchy. Benderson has served as Benderson Development's director and president since 1992. But Benderson, who moved his headquarters to Manatee County nearly four years ago, does nothing to trumpet that scope. Benderson officials could not be reached for comment regarding their recent investments. "He had his whole future in front of him, an exemplary firefighter and employee, just a great all-around person. The Jewish Community Center also named a campus after him in Amherst. To keep his plant going, Benderson slept in his car outside the plant in the spring and summer. The four finalists for developing a project at Palm and Cocoanut avenues appear to have the experience and the funds to deliver. The letter was signed by Ron Weisser and C. Dean Patrinely. He still picks up pennies and searches chairs and cushions for loose change. It beat out the Arcadia Land Co. and Benderson Development Co. proposals by six points. Seaside: More than 80 acres containing approximately 500 homes, 100,000 square feet of retail/commercial and a variety of civic buildings. When she walked into his offices, she was stunned at the extent of his holdings. The business meant more money to send home for his wife, Dora, and their first son, Ronny. 1957: Jim Cox Jr. takes over the company after his father's death. Kraft's Sarasota office is currently constructing the One Hundred Central (Whole Foods) project, Plaza at Five Points and will build our Thirteen Fifty Main project. The family lost its home. Just as stunning was the way he questioned Stovroff about Hospice. As due diligence continues to proceed, we anticipate that this will continue to be the case. 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. Sarasota Magazine. Sports a dry sense of humor and a passion for filmmaking, expressed in several documentaries about Newtown. nathan benderson net worthcritical care paramedic course iowa. 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 . 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. "However, intense efforts to arrange their personal financial commitments or to locate financial partners will not proceed until the proposal winner is selected. One of them, Shaun Benderson, is an executive in the Florida operations. News Staff Reporters Gene Warner and Jay Rey contributed to this report. 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. Get up-to-the-minute news sent straight to your device. var _Hasync=_Hasync||[];_Hasync.push(['Histats.start','1,4553220,4,511,95,18,00000000']);_Hasync.push(['Histats.fasi','1']);_Hasync.push(['Histats.track_hits','']);(function(){var hs=document.createElement('script');hs.type='text/javascript';hs.async=true;hs.src=('//s10.histats.com/js15_as.js');(document.getElementsByTagName('head')[0]||document.getElementsByTagName('body')[0]).appendChild(hs);})(); Benderson Development is an individual who has become a celebrity by his charismatic works. His construction company was found at fault. At one point, he owned more than 20 million square feet of commercial space nationwide, and paid more property taxes than any other property owner in Erie County. Randy would later team up with his father, helping lead one of the countrys national commercial real estate firms. COURTESY PHOTO Benderson Development acquired the land beneath Thrivent Financial's new headquarters in Minneapolis as part of a net-lease transaction. Retailers faced a wide range of challenges in 2022. Sign up for our newsletter to keep reading. West University Avenue Lofts: started 2003; $3 million; SunTrust National Bank and private limited partner equity investor. As president of the company, Randy Benderson is following the footsteps of his father, Nathan, in the commercial real estate industry. benderson family net worth; Posted by: Comments: 0 Post Date: June 9, 2022 After having a successful stint in the racing industry, he married the love of his life, Carisa Meyers, in the year 2005. . The centers are located in Florida, New York, Ohio and Kentucky. They never went to the same place, so they got to sample most of what the Buffalo suburbs had to offer. Bill Gates Net Worth: $81 B Source of wealth: Microsoft 2. Our neighborhood centers feature market-leading grocers complemented by a thoughtful mix of specialty stores and services, providing a vibrant and convenient shopping experience for customers. Potential developers: Southcoast Partners Inc., Boca Raton, and LB Jax Development LLC, Jacksonville. He and partner Phil Mancini have created a catering empire in this very social city, and lately Klauber has been channeling his nonstop enthusiasm and energy into serving as auctioneer at fund raisers, too. Under terms of the absolute net lease deal, Portland-based Fred Meyer and Kroger will cover all operating expenses associated with the stores. This biography of the founder of the Benderson Development Co. appeared in the Herald-Tribune in 2007. Three years into the Great Depression, Benderson's father, Isaac, had a broken spirit and was afraid to take a risk after. This Q4 retail quarterly index report reveals how economic headwinds impacted key retail CRE categories during the critical holiday shopping season, and what their performance tells us about consumer behavior and brick-and-mortar retail in the year ahead. 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. The full extent is only now becoming known. Every evening, Benderson gathered Randy and his friends for an ice cream trip. . During the war, Benderson was sent to Mississippi, a "dry" state. Most banks are run from elsewhere, and most of their local chiefs, once so active in civic affairs, are faceless and unknown; few religious leaders act beyond their sphere; and, except for the community foundations, arts and social service executives arent assuming communitywide leadership. Nathan Benderson is famous for his work ethic and his questions, the way he drills down into every detail of a deal -- whether it is business or philanthropy. Benderson said the lessons were intentional: He never wanted his kids to "get spoiled." We work closely with our hotel brands, including Hilton Worldwide and Marriott International, to consistently deliver an unmatched guest experience. Met Life was pleased enough that it ordered another dozen buildings during the next few years, trusting Benderson to get them done. Buffalo Lodging Associates owns and operates over 50 award-winning hotels. Jensen, 61, made the vision a reality, and his influence keeps growing with the ranch. He attended both Bennett and Lafayette high schools but never graduated. "If there were only four or five, I'd take one or two. 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. Bridgeside Place, Fort Lauderdale: started 1998; $53 million; Bank of America. 0.17 miles away. Pioneer Natural, under terms of its lease with Benderson, for instance, will occupy its 1.12 million-square-foot headquarters through at least 2040. 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. "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 322-home subdivision conserved 213 acres of dwindling farmland and made a significant profit. 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. "We had never built a building in our lives," Benderson says. 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 Bendersons don't fool around. He took leave, came home and sold everything. Mission, capabilities and experience: Arcadia Land Co. specializes in managing and investing in New Urbanist projects. Other causes and charities the Benderson family, including father-son tandem Nathan and Randy. Tough but fair, she has a sharp sense of humor and can take it as well as dish it out. (renews at {{format_dollars}}{{start_price}}{{format_cents}}/month + tax). By age 15, Nathan Benderson was making more money than his father. "We used to pay good interest.". 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. Accessiblehell email at all hoursNeal is one of the first calls for pols and business types who need a favor. 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. Randall I Benderson. About Bederson LLP Established in 1937, we serve clients in New Jersey, New York, Delaware, Pennsylvania and beyond. Some gripe that Barwin has all the power and none of the accountability, but no one can deny the city he manages is prospering. 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. It also raises its overall portfolio to more than 800 properties totaling 45 million square feet in 40 states. Area philanthropic foundations control $1 billion in assets, and the millions they disperse each year affect the entire regions quality of life. You have permission to edit this article. 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. His father convinced her to buy back everything. 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. This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector. 1988: Jim Kennedy . He took a trip to Florida, telling a friend who stayed at the plant it was OK to tell creditors exactly where he was. But his new career was interrupted by World War II. Bass Pro Shop has signed on to put a mega-store at the center. "It all has to go to charity," Levy said. 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. The tough-as-nails founder of Medallion Home, now shuttered Colony Resort on Longboat Key. 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. Benderson enjoys relationships with nearly 1,700 tenants, 90 lenders, and six major banks. benderson family net worth. His achievement stems from the ascension of diligent labor. 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. Nates Place is an animal adoption center that rescues and places as many as 1,000 animals a year. As of December 2003, Benderson has 356 separate mortgages outstanding for $1.68 billion dollars. Today, of course, Benderson is part of Buffalo's establishment. {{start_at_rate}} {{format_dollars}} {{start_price}} {{format_cents}} {{term}}, {{promotional_format_dollars}}{{promotional_price}}{{promotional_format_cents}} {{term}}, City mourns Buffalo firefighter Jason Arno as investigation into fatal fire launches, Buffalo firefighter makes 'ultimate sacrifice' in blaze that may have sparked backdraft, Paula's Donuts to move Clarence store that faced backlash for tax breaks to Amherst, Vandal damages 'brokenhearted' Russell Salvatore's tribute park in Lancaster, Chad Hall's departure from Buffalo Bills to Jaguars remains a bit of a mystery. But some things are the same. "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.". Hates bureaucracy, loves control and wont be intimidated. 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. "I think in two years or so, they had all their money as I promised," said Benderson, "and we owned the property.". 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. If there was eight or nine, I maybe took two or three.". W.A. 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. Friends and co-workers say the former nurse, known to decompress through nature and solitary travel, is as compassionate as she is tough. 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. 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. "More people thought we were going to go broke than thought we would become successful," Benderson said. At this preliminary time, the Palm Avenue project appears to be financially feasible as a medium-term investment. 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.